RH Negative

While you may be more familiar with purchasing renter’s or homeowner’s insurance, life insurance is a wise additional investment for anyone starting a family. While life insurance may seem like it is only available at a high cost, policies are available that provide the coverage families need, at affordable rates. The cost of these policies pales in comparison to the expenses families may incur if they lack such coverage.
Types of Life Insurance Policies

There are many life insurance policies individuals can choose, depending on their needs. Among the types of policies they may consider are:

* Term life insurance policies, which provide benefits if a claim is made during a specified period of time
* Whole life insurance, which has a guaranteed cash value
* Universal life insurance, which also accumulates cash value but provides more flexibility than a whole life policy

The premiums charged for these policies depend on a number of factors, including family medical history and the amount of coverage requested. When choosing the level of coverage for their policies, buyers should consider the expenses they need to cover. These may include a mortgage, children’s tuition and continued income if the purchaser is the sole source of income for the family.

We work with our Orange County clients to make selecting a life insurance policy as easy as possible. Based on your family’s needs and budget, our team can prepare a proposal to ensure that your loved ones are well covered. We can also help our clients find homeowner’s or renter’s policies.