Is Your Family Protected with an Insurance Policy from a California Insurance Company?

Term life insurance is the best way to protect your family's financial well being. Life insurance from a qualified California insurance company can help your family make it through even after you pass away. Term life insurance makes a great supplemental insurance policy! Review your options below or with a California insurance professional today! Fill out our online quote form!

While it's hard to face your own mortality, planning for it can ease the burden your family will face. Consider purchasing life insurance from a licensed California insurance agent if your family depends on your current or retirement income for current or future financial obligations. Even if your spouse is working, or you have emergency financial help from relatives and friends, the loss of your income may still cause your family a long-term financial hardship.

With life insurance, you can protect your loved ones so they won't face a serious debt hardship.

The obvious financial hardships are:

• burial
• other funeral expenses

The not-so-obvious financial hardships are:

• retirement funds for your spouse
• college education for your children
• mortgage payments for the life of the loan
• credit cards and other credit accounts
• medical bills
• car loans
• income replacement for survivors
• unforeseen expenses or bills
• estate planning

How much term life insurance do you need? The decision as to how much term life insurance that you will need is a personal one. Discuss this with your California insurance agent or company. One rule of thumb is that you should buy protection equivalent to three times your annual gross income. So, if your annual income is $50,000, you might want to carry about $150,000 of life insurance. This however, is only the calculation for one year. You will need to multiply the end result by the number of years you desire financial coverage. For example, if your mortgage will be paid off with monthly payments for 10 years, then you will want to cover the monthly payments for 10 years. When planning your coverage amount, you should consider both current and future financial obligations. You may want to have such expenses as your mortgage or a child's college tuition completely paid for at the time of your death. With all future obligations, you should be sure to consider inflation. Your life insurance coverage needs may vary over the years, so it's always a good idea to review your life insurance coverage with your California insurance company on a regular basis. All types of issues could raise the amount of life insurance you should carry such as:

• children
• a new mortgage
• a new car loan
• your child's education
• other new unforeseen financial obligations
  

Do I need supplemental health insurance? Major medical emergencies may be covered by additional plans. Many life insurance agents offer separate supplemental policies with benefits paid directly to the beneficiary. To find out if you have enough life insurance, please fill out our personalized quote form. You will receive a free, no-obligationquote for life insurance and a California insurance agent will contact you personally to review your options and coverage needs.