Life Insurance in Chula Vista, CA
Many believe life insurance is unnecessary for young people, but the earlier you purchase a policy, the lower your premiums typically are. This policy is essential because it may support your loved ones financially when you’re no longer around. It may help them with expenses such as debts, daily living costs and your child’s education. By planning ahead, you can leave a legacy of financial stability for those who depend on you.
What Are the Different Types of Life Insurance?
You’ll encounter two main options when exploring life insurance: term life insurance and permanent life insurance.
- Term life insurance may provide coverage for a set period of 10, 20 or 30 years. It’s ideal for those looking for affordable coverage during critical times, like raising children or paying off a mortgage.
- Permanent life insurance may cover you for your entire life if premiums are regularly paid. It also has a cash value component that grows over time, which can be borrowed against or used for other financial needs. Examples of permanent policies include whole life, universal life and variable life insurance.
What Does My Policy Cover?
Life insurance primarily provides a death benefit, which is a payout to your chosen beneficiaries. These funds can be used for the following:
- Funeral expenses
- Outstanding debts
- Mortgage payments
- Daily living expenses
Some policies also include riders or additional benefits like accelerated death benefits for terminal illnesses or coverage for accidental death.
How Much Does Coverage Cost?
Term life insurance is generally more affordable than permanent life policies. Insurance companies consider various factors to calculate your premium, such as your age, health, lifestyle and the type of policy you select.
Get Started
Start securing your family’s financial future today. Contact SF Insurance and Financial Services to explore life insurance options. Our agents can help you find the ideal policy for you.