The New Parent Guide to Life Insurance
Life insurance in Calimesa is something that everyone must think about at some point in their lives and starting a family is just the spark you need to think about a life insurance policy.
Life insurance in Calimesa may appear to be optional, but when you have loved ones that depend on your income for life, it stops being optional and moves into the category of mandatory. Many people shy away from it because they believe that it is “too difficult” or “confusing.” And while it may not be the most straight-forward policy, it doesn’t have to be confusing. Here is the new parent guide to life insurance in Calimesa to help your search and quest for it much easier.
What is life insurance?
Life insurance provides your loved ones or beneficiary with a payout should the insured (in this case, you or your spouse) pass away. As a parent, you can elect to name your spouse, children, or trusted guardian as the recipients of the death payout.
What coverages are available?
There are two main coverages that are available: term life insurance and whole life insurance. Each provides the death benefit, but have different means.
Term life insurance only lasts for a specific amount of time, usually 10, 20, or 30 years. As it is the cheapest of the two, it is also the most popular among consumers.
Whole life insurance lasts for the duration of your entire life and has no expiration date. After your retire and decide you don’t need it anymore, it can have real cash value, which can be used for education, debts, and other such things.
Contact the independent insurance professionals at Little & Sons Insurance Services for all of your insurance needs in Banning, Beaumont, Calimesa, and surrounding California areas. We will work with you to find the coverage you deserve!