Arcadia Life InsurancePurchasing a life insurance policy can be an overwhelming and complex task. Since each person’s needs are different, each life insurance policy must be completely unique. One major decision you must make is whether to purchase a term life insurance policy or a permanent or whole life insurance policy. Depending on your particular situation, you may be one of the many who would benefit most from a term life insurance policy.

A term life insurance policy is one that provides coverage for a defined amount of time. You are in control of how long and how much coverage your life insurance policy provides. This policy is less costly than a permanent life insurance policy and will provide similar benefits. In the event that you die before your term life insurance policy expires, than your beneficiary receives the value of the policy. If the term life insurance policy expires before you die, then nothing changes.

The smartest decision is to buy a term life insurance policy and pair it with your own savings. Many people wrongly view life insurance as an investment, but you can’t tap into the policy whenever you are in need. Life insurance should be viewed as a “peace of mind” product.

The length of your term life insurance policy is directly dependent upon your particular situation. You will want to consider when your children will become financially dependent and when your debt will be diminished. The smartest thing you can do is sit down and speak with your life insurance agent about which policy is best for you. Keep in mind it is never a good idea to make such a large purchase as a spur of the moment decision.

At Weaver & Associates Inc., we understand that purchasing a life insurance policy is a big deal and that is why we are here to guide you through the process, ensuring that you make an informed decision. Contact us today for all of your Arcadia, California life insurance needs.