What they\u2019re missing is all the life-affirming aspects of having this type of coverage. Here are just a few. <\/p>\n\n\n\n
Life Insurance Provides Policyholders in California with a Lifetime Sense of Security <\/h2>\n\n\n\n
Perhaps you\u2019re too young to spend sleepless nights thinking about what will become of your loved ones when you\u2019re gone \u2014 but that time might come. Besides, unexpected things can happen even to the young and healthy. <\/p>\n\n\n\n
With a life policy in effect, you won\u2019t have to worry about a stay-at-home spouse who\u2019s been out of the workforce or young children who need to somehow be fed, housed, and educated for years to come. You won\u2019t fear the cost of college or a trade school to keep your children financially secure as adults. In addition, your policy might serve as a generous inheritance years down the road. <\/p>\n\n\n\n
The point is, a life policy makes your life easier by removing financial stress points for you and your family.<\/a> If you have less reason to fear the unexpected, you can better enjoy your day-to-day and trust that you\u2019ve gifted your family with financial security in California even long after you\u2019re gone. <\/p>\n\n\n\n There are several types of life insurance<\/a>, but two leading forms are term life and whole life. Term life covers the policyholder for a specified period of time. If you take out a 10-year policy, your beneficiaries will be paid the death benefit if you die within that timeline. <\/p>\n\n\n\n Term life is a great policy to consider if your goal is to protect young children until they get through college or perhaps during the first several years of starting your own company in California. <\/p>\n\n\n\n A whole life policy works differently. As long as you keep paying your premiums, your loved ones are guaranteed an eventual payoff. <\/p>\n\n\n\n Think about that. In most cases, when you buy coverage you don\u2019t want to have to use it. You own home insurance<\/a>, but certainly don\u2019t want to see your house burn down, and you don\u2019t want to get into a major road accident just because you have car insurance<\/a>. <\/p>\n\n\n\n To put it another way, your best case scenario is that your policies sit there unused. However, with whole life insurance<\/a>, a major payoff \u2014 perhaps $250,000, $500,000, or more \u2014 is guaranteed to one day be paid to those you love and wish to financially protect. <\/p>\n\n\n\n No one looks forward to lives ending, but it is inevitable. Only with a whole life policy do you know with absolute certainty that your loved ones will be financially protected for years \u2014 maybe for their entire lives \u2014 as a result of your generosity and foresight today. <\/p>\n\n\n While the main reason to keep a life policy in force is to protect loved ones<\/a> when you\u2019re gone, there are situations in which your policy can offer more immediate benefits. For instance, many whole life policies let you borrow the cash value as your policy grows.\u00a0<\/p>\n\n\n\n In this scenario, you might borrow a few thousand dollars during times of financial emergency. In that case, your withdrawal will be treated like any loan. Just keep in mind that if you die before you\u2019ve paid back the loan and interest, the amount will be deducted from your death benefit. For instance, if the unpaid amount you borrow and the accumulated interest equals $10,000, that will be removed from a $200,000 policy upon death, so your loved ones will actually receive $190,000 in benefits. <\/p>\n\n\n\n Some policies also include living benefits, in which case you can receive benefits while still alive if you have a terminal illness or certain serious medical conditions. Ask your agent for details before obtaining coverage. <\/p>\n\n\n\n You\u2019re probably used to hearing advertising that urges potential buyers to act fast because \u201cThere\u2019s never a better time than now.\u201d<\/a> It\u2019s an advertising call to action, but it\u2019s literally true when it comes to life insurance. <\/p>\n\n\n\n Think of life insurance as a bet accepted by the insurer that you\u2019ll live long enough that the company will profit off the premiums you pay before they have to pay your beneficiaries a death benefit. <\/p>\n\n\n\n The younger and healthier you are, the cheaper those premiums will be. As our birthday totals go up, so too does the risk to the insurer. So if you\u2019re healthy and in your 20s or 30s, your premiums will be much cheaper than if you\u2019re in your 50s, 60s, or beyond. Make sense? <\/p>\n\n\n\n But even if you\u2019re older<\/a>, you\u2019ll pay less now for coverage right now than you will in another year or two. So you can see the accuracy of the claim that the time is never better than it is today to buy life insurance to protect your loved ones. <\/p>\n\n\n\n From what you\u2019ve just read, you\u2019ll hopefully see that life insurance is actually a life-affirming benefit. It\u2019s really for the sake of the living, as well as the sense of well-being of the policyholder. What\u2019s morbid about that? <\/p>\n\n\n\n If this has raised additional questions about life insurance and the type of protection that\u2019s right for you and your loved ones, consider consulting an independent agent. Your agent’s job is to find the best coverage at an affordable price. <\/p>\n\n\n\n If you\u2019re thinking about life insurance, contact one of our independent life insurance agents at (800) 390-4071<\/a> or get a quick quote online<\/a>. You can also find a Cost-U-Less location near you<\/a>. <\/p>\n\n\n\nYour CA Whole Life Insurance Policy Is Guaranteed to Pay Off <\/h2>\n\n\n\n
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<\/picture><\/figure><\/div>\n\n\nIn Some Situations, Life Insurance Can Benefit Californians Now <\/h2>\n\n\n\n
There\u2019s Never a Better Time Than Now (Literally) to Purchase Life Insurance in California <\/h2>\n\n\n\n
Life Insurance in CA Isn\u2019t Morbid After All <\/h2>\n\n\n\n
Get Affordable Life Insurance in California Today <\/h2>\n\n\n\n