Care for Your Loved Ones in Your Absence
If you were to pass away, would your family be able to survive financially? Would they be able to stay in their home? Or would they struggle to pay bills?
If your loved ones depend on you, your passing could be a disaster. But it doesn’t have to be this way. Life insurance makes sure your family is cared for when you are gone. It provides a financial safety net, so loss of the family home and other stresses aren’t a worry.
When to Consider Life Insurance
You can purchase life insurance any time you like, and it’s always a smart move. However, certain major life events usually prompt people to consider it more seriously, such as:
These milestones tend to make us think more about our own mortality and the needs of our family members.
Types of Life Insurance
There are several different types of life insurance available to you. Term life insurance is where many of our clients in Burbank, CA and the San Fernando Valley start out, especially if they are on the younger side. This is life insurance for a set period of time. While it generally comes at a lower cost, it’s limited by the time it covers. And it can eventually be converted to whole life insurance.
Whole life insurance, as the name implies, covers you for your entire life. It typically carries a higher premium, but it brings the peace of mind that comes with knowing your loved ones are always protected. It is considered an investment as well, which carries a cash value.
In between, you’ll find universal life insurance. This coverage combines elements of both term and whole life insurance. It usually gives you more flexibility in regards to premiums but has investment value and long-term coverage like whole life.
Independent Agents with Your Personal Needs in Mind
We know choosing life insurance can be confusing, which is why many people put it off. But you and your family will feel better knowing protection is there if the worst happens.
Call Escueta Insurance Services at 818-840-8010 to get the conversation started about your life insurance needs. You can also reach out online to start a quote at your own convenience. We’re here to help when you’re ready with numerous options and unmatched personalized service.