Buying the right type of life insurance policy is a very important decision, and sometimes this process is also confusing and time consuming. Our agents will help you understand the different types of policies available in the market and ease your job of making a decision. Request a quote online, give us call at 818-988-9596 or visit our insurance office located in Van Nuys CA.
Available Insurance Coverages:
Term life insurance is protection for a set period of time. It may also include the option to upgrade to a more permanent solution later on if your life changes. The first distinction is whether you want your life insurance coverage to last for a specific length of time (term) or undetermined coverage that pays a benefit upon death (permanent). Temporary insurance is usually less expensive than the permanent insurance and is not used for accumulating capital.
This policy on the other hand, is more expensive but pays a death benefit regardless of when you die. In addition to that, permanent insurance can offer other benefits, including premium flexibility, cash values and tax-deferred investing. The owner can grow its capital and withdraw as well as access the money.
This policy financially protects the policyholder’s family in case of unexpected death and can also be used to build cash value and borrow it if needed.
This policy also includes the death benefit, which can be reviewed and altered if the circumstances change. Unlike whole life insurance policy, it lets the policyholder use the interest from the accumulated savings to help cover the cost of premiums.
We are proud to announce our Annuity Division at The 1 & Only Insurance Services. Life Insurance has changed so much over the past few years and we want to make sure you are aware of some of the amazing additions to these essential policies. New plans include living benefits, risk-free cash accumulation, and tax-free strategies that we want you to know about. We are scheduling free, no-obligation zoom meetings to review your policies and/or educate you on what’s new.
Our Newest Service Offerings
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