Life Insurance in San Pablo, CA
Life insurance is a must-have for those looking for financial security and peace of mind. In case of an untimely death, it may help a policyholder’s beneficiaries receive a monetary benefit, alleviating financial burdens during a difficult time.
Types of Life Insurance 
There are two common types of life poilicies under which policies may be categorized:
- Term life may provide coverage for a specific period, typically 10, 15, 20 or 30 years. If you pass away during the policy term, your beneficiaries may claim a death benefit. Term policies do not accumulate cash value. After the term ends, you may be able to renew the policy, but at higher rates. This type of policy is ideal for people seeking coverage for specific debts (e.g., mortgage) or income replacement during their working years.
- Permanent life (e.g., whole life or universal life) remains in effect throughout your life as long as you continue to pay your premiums. These policies usually include a cash value component that grows over time. You can access the cash value while you’re alive and use it for investment.
Both policies cater to different financial planning requirements and may be customized for your specific situation. Consult a licensed insurance agent to determine the appropriate coverage amount and policy type for your needs.
How Much Does It Cost?
Insurance companies differ in how they calculate insurance costs. However, some factors that may impact your premium include the following:
- Age
- Health
- Lifestyle
- Gender
- Occupation
- Family medical history
- Driving record
- Policy details (e.g., coverage amount, term length, riders and additional benefits)
Where to Get Life Insurance
Leadwest Insurance Solutions offers expert life insurance advice and can help you compare life insurance policies. Contact us today to get started.