{"id":5814,"date":"2021-09-21T07:06:00","date_gmt":"2021-09-21T14:06:00","guid":{"rendered":"https:\/\/www.costulessdirect.com\/?p=5814"},"modified":"2022-12-23T23:32:28","modified_gmt":"2022-12-23T23:32:28","slug":"life-insurance-in-san-francisco","status":"publish","type":"post","link":"https:\/\/www.costulessdirect.com\/blog\/life-insurance-in-san-francisco\/","title":{"rendered":"How to Get Life Insurance in San Francisco"},"content":{"rendered":"\n
Life insurance<\/u><\/a> is a product that sounds simple in concept. But the details can be a bit confusing. For instance, term life and whole life are two different products. Do you know the difference? Can you choose which type of policy is right for you at this particular time in your life? As an area resident, how can your life insurance policy in San Francisco provide benefits to you as well as to your dependents?<\/p>\n\n\n\n These are some of the questions we\u2019ll answer to give you a better idea of what life insurance is all about and how a good policy can provide multiple benefits. You\u2019ll also learn where and how to get life insurance in San Francisco.<\/p>\n\n\n\n Let\u2019s start with a very good, though very basic definition of what life insurance is, courtesy of the National Association of Insurance Commissioners<\/u><\/a>: \u201cLife insurance provides financial protection for loved ones should the policyholder die.\u201d The next sentence of definition is perhaps even more at the heart of the product: \u201cOnce a policy is issued, an insurer may not cancel it based on a change in the policyholder\u2019s health status.\u201d<\/p>\n\n\n\n So basically, as long as your life insurance policy is active, the face value of the policy will be paid to your designated beneficiaries<\/u><\/a> if you should die.<\/p>\n\n\n\n While the basic description of life insurance is simple, you need to know the difference between types of life insurance policies.<\/p>\n\n\n\n This kind of insurance stays in effect until the end of your life as long as you continue to pay the premiums. In other words, your beneficiaries will get a guaranteed payout based on the face value of the policy when you\u2019re deceased.<\/p>\n\n\n\n This type of policy is only meant to offer coverage during a designated period of time, typically for ten, 15, 20, or 30-year terms. The policy only pays if you lose your life during the time period when your policy is in effect.<\/p>\n\n\n\nWhat Exactly is Life Insurance?<\/h2>\n\n\n\n
Two Types of Life Insurance<\/h2>\n\n\n\n
Whole Life<\/h3>\n\n\n\n
Term Life<\/h3>\n\n\n\n
The Real Difference Between Term and Life Insurance<\/h2>\n\n\n