{"id":6114,"date":"2022-05-23T11:08:00","date_gmt":"2022-05-23T18:08:00","guid":{"rendered":"https:\/\/www.costulessdirect.com\/?p=6114"},"modified":"2022-12-21T11:32:59","modified_gmt":"2022-12-21T11:32:59","slug":"4-things-youll-need-or-need-to-know-before-getting-life-insurance-quotes-in-san-diego-ca","status":"publish","type":"post","link":"https:\/\/www.costulessdirect.com\/blog\/4-things-youll-need-or-need-to-know-before-getting-life-insurance-quotes-in-san-diego-ca\/","title":{"rendered":"4 Things You\u2019ll Need (or Need to Know) Before Getting Life Insurance Quotes in San Diego, CA"},"content":{"rendered":"\n

Congratulations on your forward-thinking decision to buy life insurance<\/u><\/a> in America\u2019s Finest City. You obviously want to bring long-term financial security to loved ones, but you have questions. Plenty of them.<\/p>\n\n\n\n

You\u2019ve seen words like term<\/em> life insurance thrown around. And whole life – and a whole lot more. And you have no idea what they mean. Or even what questions to ask.<\/p>\n\n\n\n

A good independent insurance agent can cut through the fog, but here\u2019s what we think is a good starting point: the four basic answers you need and decisions you must make before getting life insurance quotes in San Diego, Calif.<\/p>\n\n\n\n

1. Determine What Kind of Policy You Need<\/h2>\n\n\n\n

Here\u2019s where we get into those terms we brought up earlier: term and whole life coverage. Those are the two basic forms of coverage<\/u><\/a>, though there are distinctions even within that breakdown.<\/p>\n\n\n\n

Whole life insurance covers \u2014 you got it \u2014 your \u201cwhole life.\u201d As long as you continue to pay your premiums when due, your insurance policy will remain in force. You\u2019re guaranteed a death benefit. This term describes the end-of-life payout your beneficiaries are guaranteed to receive eventually.<\/p>\n\n\n\n

A term life policy covers you \u2014 right again \u2014 for a term of time. Let\u2019s say you\u2019ve got young kids and decide that you should financially protect them in their childhood years and through college. Taking out a 25-year term life insurance policy would make sense in this case. If you should die during this period, your kids will see a death benefit. If you\u2019re still alive after the last one is out of college, your policy ends.<\/p>\n\n\n\n

Whole life policies cost more than term policies since the payout is guaranteed.<\/p>\n\n\n\n

Now let\u2019s say you\u2019re the parent with young kids and that 25-year term life policy. You\u2019re 30 now, and when the policy runs out, you\u2019ll only be 55. The odds against a death benefit payout are pretty high, especially if you\u2019re a healthy non-smoker when you purchase the policy. So the risk of payout is low, and so is the policy cost.<\/p>\n\n\n

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2. Know What You Can Afford<\/h2>\n\n\n\n

There are two basic ways of arriving at an answer here. Figure out what you should<\/em> pay, and what you can<\/em> afford. The cost is related to the death benefit. The more you plan to leave behind, the more you\u2019ll pay in premiums.<\/p>\n\n\n\n

We\u2019ve already started the cost decision by determining whether you should buy whole life or term. Now let\u2019s introduce a so-called rule of thumb. It states that you should pay somewhere around seven to ten times your annual salary at the time of purchase. So if you\u2019re making $50,000 a year, you\u2019d buy a policy with a death benefit of between $350,000 and $500,000.<\/p>\n\n\n\n

But how does that fit the needs of your beneficiaries? They might need less or more than that total based on their ages, location, education, and other factors<\/u><\/a>. For instance, how old do you think they\u2019ll be when you die? Will they be on their own? Are they likely to have college degrees? Are they pretty self-sufficient? Or have they even been born yet?<\/p>\n\n\n\n

Does your spouse work? Is he or she educated? Do they earn a good living or have a minimum wage job? Or none at all?<\/p>\n\n\n\n

If you\u2019re a young and healthy parent, your beneficiaries might not see a payout for 50 years. What will today\u2019s $350,000 be worth in half a century?<\/p>\n\n\n\n

Now let\u2019s look at what you can<\/em> afford. San Diego has a high cost of living<\/u><\/a> even for the State of California. What can you afford to pay in addition to your other expenses here?<\/p>\n\n\n\n

Now back to your beneficiaries. Do they live in San Diego? Or in a part of the country where living costs are much lower, and they need less to live? That\u2019s a factor, too. You have a lot to think about when buying life insurance.<\/p>\n\n\n\n

3. A Medical Checkup (Probably)<\/h2>\n\n\n\n

You can\u2019t blame a life insurance company for wanting to protect its investment. They hope you live a long and fruitful life. That way, they\u2019ll have more time to invest your insurance premiums before the inevitable payout of a whole life policy. Or to avoid paying a penny if it\u2019s term life coverage you own. They would prefer that you\u2019re young, healthy, and a non-smoker who works out daily. If none of those factors are in play, you\u2019ll pay more.<\/p>\n\n\n\n

Some insurers promote life insurance plans that don\u2019t require a medical checkup. Those tend to be more expensive since the insurer takes on more risk. Ask your agent for details.<\/p>\n\n\n\n

4. A California Insurance Agent You Can Trust<\/h2>\n\n\n\n

This might be your most significant decision before getting a life insurance quote in San Diego. That\u2019s because you can make all of the other decisions easier if you\u2019ve found a partner in a knowledgeable broker you trust. One who\u2019ll patiently answer your questions and make sure you know exactly what you\u2019re doing before signing any contract.<\/p>\n\n\n\n

If your broker is an independent insurance agent, they\u2019ll be able to shop around from life insurance plans offered by several major carriers once they know the factors that are important to you. That way, you can get the best rates from name-brand insurers.<\/p>\n\n\n\n

Find Affordable Life Insurance in San Diego Today<\/h2>\n\n\n\n

At Cost-U-Less Insurance, your independent agent will make it easier to get affordable life insurance quotes in San Diego. Call us at (800) 390-4071 or get a quick quote online<\/u><\/a>. You can also find a Cost-U-Less San Diego location near you<\/u><\/a> for a face-to-face meeting.<\/p>\n\n\n\n

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Congratulations on your forward-thinking decision to buy life insurance in America\u2019s Finest City. You obviously want to bring long-term financial security to loved ones, but you have questions. Plenty of them. You\u2019ve seen words like term life insurance thrown around. And whole life – and a whole lot more. And you have no idea what […]<\/p>\n","protected":false},"author":1,"featured_media":6531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[699],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/6114"}],"collection":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/comments?post=6114"}],"version-history":[{"count":2,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/6114\/revisions"}],"predecessor-version":[{"id":6532,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/6114\/revisions\/6532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/media\/6531"}],"wp:attachment":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/media?parent=6114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/categories?post=6114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/tags?post=6114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}