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Term life insurance, whole life insurance, universal life insurance, survivorship insurance… the list and combinations seem endless. Do you know which life insurance policy type is right for you? At Barnett & Associates Insurance and Financial Services we can help. Our dedicated team of life insurance professionals understands California’s market and regulations and can find the right plan – or mixture of plans – for your specific needs.
Term Life Insurance Basics:
Whole Life Insurance Basics:
Term and Whole Life Combined:
When to choose term life?
Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it might make sense to have a term life policy to cover the mortgage and living needs until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.
When to choose whole life?
Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Many times whole life policies will pay dividends – although not always.
With so many options many people find themselves overwhelmed when they receive life insurance quotes. Let one of our life insurance professionals put together the right life insurance quote for you. Contact Barnett & Associates Insurance and Financial Services today for more information and get a free CA life insurance quote!