David B. Sydney Insurance Agency

Insurance…Let Us Explain It To You

3013 Douglas Blvd Suite #100
Roseville, CA 95661

Phone: 415-258-1703

Types of Life Insurance

Life Changes – So Should Your Policy

Your need for life insurance is dependent on your personal and financial needs. Sometimes, you may not need life insurance at all!  Our opinion is that generally, Life Insurance fills a need for the insured to contribute financially, and to have that need fulfilled in the event of an untimely demise.   As your life changes, your life insurance coverage may need to change as well to adapt to your current needs. Some life changes that may require a policy “tune-up” include:

California – What you need to know about life insurance

There are several different types of life insurance products available. The most common include:

Term Life Insurance

Term provides life insurance protection for a specified period of time. If you do not currently have life insurance, term can be a great place to start. It’s generally less expensive than permanent life insurance, and is available in varying term periods with fixed premiums from a one- (annual renewable term) to 30-year period (level term). Furthermore, term insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

Whole Life Insurance

Whole life is a form of permanent life insurance that remains in force during the insured person’s lifetime, provided premiums are paid as specified in the policy. Whole life insurance can build cash value.

Universal Life Insurance

Universal life is a form of permanent life insurance characterized by its flexible premiums, flexible face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

We generally recommend Term Life Insurance because of its price and benefit relationship, along with the flexability to choose a term to meet your needs.  Right now Term Life Insurance rates are very low, especially for those who are in good health and do not use tobacco products, but we also have access to Life Insurance companies that offer very attractive rates for those who do use tobacco products.

Talk with us today to identify the best protection for you. We can help make sure your life insurance continually meets your needs.

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Get a quick comparative quote using our online form or call us at 415-258-1703.

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