Pick your insurance

There are four different types of life insurance plans (Term, Universal, Whole, and Variable) that you can choose from.

We help you identify the most appropriate one for your needs.

1). Term

Term life insurance can be used to replace lost income. This can provide a safety net for your family, and help them meet their financial goals.

Term life insurance is typically the most affordable way to give you peace of mind knowing that your loved ones will be cared for even after you're gone. It is most often available in coverage terms of 10 years, 15 years, 20 years and 30 years.

How term life insurance works?

  Select your term
Decide the number of years your need will be greatest (for example, when your kids are younger or while you’re paying a mortgage).

  Determine how much you need
Think about how much your loved one may need to replace your income.

  Peace of mind
Your loved ones will receive a tax-free payout allowing them to maintain their lifestyle.


2). Universal

Universal life insurance offers flexible payment options, death benefits and cash value.

How does universal life insurance work?

  Decide your goals

  • Protect your family in case of your premature death
  • Accumulate cash value to supplement retirement income
  • Have a way to help pay for your long-term care expenses
  • Transfer your wealth to future generations in a tax-efficient manner

  Determine how much you need
Think about how much your loved ones may need to:

  • Replace your income
  • Fund major expenses like college

What you need:

  • In addition to a pension or retirement plan once you retire
  • Additional costs you might face for long-term care

  Using the policy benefits

  • Death benefits are paid to your beneficiaries when you die
  • Once cash value builds up, take tax-free withdrawals to supplement your retirement income
  • Withdrawing cash value will reduce the death benefit

3). Whole

Whole life insurance can be used as an estate planning tool to help preserve the wealth you plan to hand down to your beneficiaries.


What is whole life insurance?

Whole life is the most common type of permanent life insurance. With whole life insurance, your premium payments remain the same over the life of the policy. You can choose how often you’d like to make premium payments, too – annually, semiannually, quarterly or monthly. Some whole life policies can be paid up after a certain number of years. And because your policy earns a fixed rate of interest, it’s easy to predict the growth of your policy’s cash value over time.

How does whole life insurance work?

Each time that you pay your premium, a small amount is set aside, which builds up over time as the life insurance policy’s cash value. The longer you hold the policy, the more cash value the policy builds. If a need arises, and if premiums are paid, you can borrow against the available cash value providing you with financial protection.

  Determine how much you need

Calculate how much your beneficiary may need to cover necessary expenses. Use our life insurance tool or discuss whole life insurance with your financial advisor to help you do that.

  Use your money when you need to

Whole life insurance policies (commonly referred to as “whole life”) build cash value at a fixed interest rate that you can access as a loan while you're still living.

  When you die

The whole life insurance policy pays a pre-specified amount, called a death benefit, to the person or people you’ve chosen as your beneficiary - typically your spouse, children or other family members.


4). Variable

Variable life insurance offers whole life protection and an investing component similar to a mutual fund.


What is variable life insurance?

Variable Life Insurance is a permanent life insurance policy that allows the ability to accumulate cash value while providing variety and control over professionally managed investment options. You have the freedom to monitor and make decisions on where to allocate your funds over time. This product also provides flexible premiums and a flexible death benefit.

How does whole life insurance work?

  Determine how much you need

Calculate how much your beneficiary may need to cover expenses.

  Decide how your money should be invested

Work with your financial advisor to determine the best investing strategy for your cash value.

  Death benefits allocation

The policy pays a death benefit to your beneficiary — typically a family member — if your death benefit is still intact.


Life Insurance / FAQ

Why do I need life insurance?

Life insurance offers peace of mind by ensuring that your loved ones will be taken care of in the event of your untimely death. Plus, payouts are tax-free.

Is my policy through work enough?

Life insurance through your employer is not portable, so it won’t come with you if you leave the job. Also, the amount is often not enough to meet people’s protection needs.

Why should I get coverage now?

Rates tend to go up as you age. Buying a policy when you’re younger lets you lock in a lower rate.

What is term life insurance?

“Term” refers the length of coverage that you choose. If you pass away during the term (usually 10, 20 or 30 years), your beneficiaries receive a cash payout.

Why is term life a good option?

With term life insurance, you’re only paying for the years where the need is greatest (when your kids are younger or in college), and it is usually the most affordable type of insurance.

Are there other types of life insurance besides term?

There are other types of insurance for people seeking life-long coverage, but these types tend to be more expensive.

How much do I need?

This depends on what you want to leave when you’re gone. There are two common methods for calculating the amount of life insurance you need: lump sum and income replacement.

We understand that life insurance is confusing.

Please contact a specialist now 951-291-9898


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