Despite common procrastination, a life insurance policy is a vital asset, and can benefit individuals of all ages. Life insurance is likely one of the most important insurance policies you will ever obtain. It provides your loved ones with protection after you pass. While protection for your loved ones is the most common purpose of life insurance policies, it is not the only use. Many use their life insurance policy for long term care, business planning, conversions, and sometimes even creating an estate.
While there are a variety of different types of life insurance policies, the most basic is term life insurance. A term life insurance policy provides you with affordable protection for an allotted period of time. Those that benefit from a term life insurance policy as opposed to a whole life insurance policy are typically looking for a more affordable form of protection. Often, they are also looking to provide protection for a given period of time. For instance, if you want your child to complete their college education and want guaranteed protection from the unforeseen, a term life insurance policy would be the smartest purchase.
We understand the various needs of our clients and can help you utilize all the benefits of a life insurance policy. We can help you create an estate, plan for your long term care needs, plan for your long term business needs, and help you with conversions. We understand this can be a daunting subject, and that is why we are here to guide you each step of the way.
Contact the insurance experts at Purves & Associates Insurance Agency for all of your California life insurance needs. We can provide you with the peace of mind knowing each member of your family will be protected after you pass.