Life Insurance Options
There are two major types of life insurances—term life and whole life. Whole life (a.k.a. permanent life insurance) encompasses several subcategories, including traditional whole life, universal life, variable life, and variable universal life. With Wind Rose Insurance in Seal Beach, we help you navigate the type of life insurance that suits you and your family’s needs.
Level and Decreasing Term Life Insurance
Term Insurance is the simplest form of life insurance. It pays only if death occurs during the term of the policy, which is usually from 1 to 30 years. Most term policies have no other benefit provisions. There are two basic types of term life insurance policies—level term and decreasing term. Level term means that the death benefit stays the same throughout the duration of the policy. Decreasing term means that the death benefit drops, usually in one-year increments over the course of the policy’s term.
Whole Life Insurance to Protect Your Family
Whole life or permanent insurance pays a death benefit whenever you die—even if you live to 100! There are three major types of whole life or permanent life insurance—traditional whole life, universal life, and variable universal life, and there are variations within each type. A Universal Life Insurance policy is a flexible way to help protect your loved ones and build tax-deferred cash value. It is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. Call our office today. We are here to help you ensure the financial prosperity of your family even after you are gone.
Benefits and Features:
- Flexible: Customize the amount of life insurance as well as the premium payments (subject to policy minimums)
- Death Benefit: Proceeds from life insurance are typically tax-free income to the beneficiary
- Cash Value: Access to cash value to assist in with education expenses, supplemental retirement fees and other personal objectives