We know that you can’t put a dollar amount on your family or their financial protection, but you can ensure that their future is protected. Life insurance is there to help you protect your family when you are no longer around to do so. While the future cannot be predicted, you can prepare for it when the worst does happen. With a simple life insurance policy, you can leave a lasting legacy that helps your loved ones handle financial needs.
Life Insurance
A life insurance policy is arguably the greatest investment you can make in your loved ones’ security. It can be daunting at first to understand, but don’t let that put you off.
Life insurance can be broken down into two main categories – term and permanent.
Term life insurance is a coverage you have for a set period of time, say 5, 10, or 20 years. If you live through the policy’s term, no death benefit will be paid out and you will need to take out another policy if you want to keep coverage.
Permanent coverage, also called whole life insurance, stays with you for your entire lifetime. It does not expire. When you pass, the policy will pay a death benefit to your beneficiaries. While you’re living, however, this coverage can offer you many benefits. The main one being that it accumulates a cash value that you can then borrow against when your family is in need of extra cash.
When deciding on life insurance, it’s best to talk it through with your life insurance expert who can discuss the range of options.
Why We’re Different
Although thinking of your passing can be a morbid topic, it is made all the more easier when you work with an insurance agency that cares. We will walk you through all of your options so that you know what is available for your needs. With this coverage in place, you and your family can have peace of mind. When finding life insurance in Santa Clarita and neighboring cities in California, turn to the experts at Young Insurance. We’ll help you protect what matters most.
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