At Providence First Insurance Services in Chino, CA our goal as independent insurance agents is to develop a lasting relationship with our customers. We will help you to find the perfect insurance for your particular situation. Life insurance is designed to provide peace of mind for you today and security to those who depend on you in the event of your death. It is an important part of overall financial planning. We provide that service for California residents.
Life insurance is not one size fits all. As you go through life, your insurance needs change as your life changes. At times you will need more life insurance and at others less. Knowing how to determine what amount and type of life insurance are best for you is what you count on your insurance agent to know. Basically, there are two types of life insurance, term life, and whole life.
Term life insurance is exactly what it sounds like, life insurance that lasts for a term that is outlined in the policy. It can be for a term of 10, 20, or 30 years. Some policies can be renewed but not all. At the end of the term, the coverage ends and you no longer have any coverage and there is no value. When you need a large amount of insurance it is the most affordable.
Whole life insurance is insurance that lasts for your whole life. The premiums remain the same and when you pass away it pays out to your beneficiaries. It accrues cash value in addition, and you can also borrow from a whole life policy. It is not as inexpensive as term life but it is a way of saving if you have trouble doing it other ways.
At Providence First Insurance Services in Chino, CA we put our customer's needs first when suggesting the perfect insurance product. California law doesn't require life insurance but we can help you determine your personal requirements. Give us a call or stop by our office for a no-obligation quote.
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