No one likes to imagine a time when they won’t be there to protect their family. A life insurance policy from Pacific Unified Insurance provides you with the peace of mind that comes when you know your loved ones will be taken care of. Coverage provides your beneficiaries with financial security and stability at the time when it’s most needed.
Life Insurance Coverage Options
Life insurance forms an essential component in the safety net you construct for your family. It may be used to:
- Create an inheritance
- Replace your income
- Fund your children’s education
- Satisfy federal or state taxes
- Pay household debt
- Make charitable contributions
- Serve as an investment
- Pay funeral and other related expenses
You can choose between term and permanent policies. Term life provides coverage for a specified amount of time; at the end of the term, some policies can be renewed, usually for a higher premium. This type of policy tends to offer the most coverage for the lowest initial cost. It’s a good choice if you’re on a budget or have responsibilities that will end or diminish over time, like a mortgage or tuition payment.
In contrast, permanent life insurance acts as an investment. As long as you make timely premium payments, you’re protected throughout your life span. Plus, a permanent policy builds equity over time, making it a more cost effective option over the long term.
The professional agents at Pacific United Insurance can help create a term, permanent or combination life insurance plan that best meets your individual needs and provides your family with the protection they need.
