Life Insurance in La Habra, CA 

man carrying daughter in black sleeveless topLife insurance is a contract wherein you agree to make regular payments to an insurance company in exchange for financial assistance to your chosen beneficiaries if you pass away. It’s a way to help your loved ones manage financial responsibilities during a difficult time.

 

What are the Benefits of Life Insurance?

Life insurance may help cover expenses that remain after someone passes. This might include mortgage payments, college tuition or everyday bills. Some policies may also help with final costs like funeral arrangements.

 

Employers sometimes offer basic life insurance, but it’s often limited. Buying additional coverage privately gives more flexibility in terms of amount and duration. Private life insurance is also portable, meaning it stays with you even if you change jobs.

 

What are Term Life and Permanent Life Insurance?

Life insurance generally falls under two main types: term life and permanent life.

  • Term life insurance may provide coverage for a set period, usually 10, 20 or 30 years. If the insured passes during that time, the payout goes to the designated beneficiaries. This type of policy is generally more affordable and straightforward.
  • Permanent life insurance may last for the insured’s entire life, provided premiums are paid. These policies build cash value over time, which can be borrowed against or withdrawn. They tend to cost more and involve more complex terms.

 

The appropriate policy depends on your financial goals, age and how long you want coverage to last.

 

How Much Does a Policy Cost?

Life insurance rates vary depending on the insured’s on age, health, coverage amount and policy type. Term life is usually less expensive, especially for healthy younger adults. Permanent life insurance costs more because it includes a savings component and lifelong coverage.

 

Many providers offer online calculators to help estimate monthly premiums. Before committing, it’s a good idea to compare quotes and read the fine print.

 

Get Covered Today

DRD Insurance Agency offers personalized life insurance policies. Our agents can assess your situation and recommend suitable coverage. Contact us today for a free quote.

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