At Rico, Pfitzer, Pires and Associates we want to be more than simple California insurance agents—we aim to be the insurance leaders you trust to protect what truly matters most- your life.
We know that finding the right California life insurance can get confusing—and even a bit overwhelming at times. From having to weigh the pros and cons of term life insurance versus whole, universal and variable and beyond—it’s easy to get lost amongst the terminology and coverage differences.
That is exactly why we at Rico, Pfitzer, Pires and Associates want to be more than just your insurance provider, we want to be your trusted coverage ally and friend. By helping you navigate your way through one of the most crucial policy decisions you will ever have to make in your lifetime; we vow to secure you a tailored California life insurance plan you and your family can rely on.
Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. We want to help you determine which California life insurance policy type is right for you! Our dedicated team of life insurance experts understands ’s market and regulations and can find the right plan – or mixture of options – that fit your individual needs.
Term Life Insurance Basics:
- Coverage for a “term” or period of your life.
- Lower premiums for higher coverage.
- Rates can change after specific terms expire.
- No equity – cannot be used as cash value.
Whole Life Insurance Basics:
- Exactly like it says – permanent, not for a specific period.
- Protection carries with you your whole life.
- Can build equity and have cash value.
- Higher premiums than term life, but can be more valuable in the long run.
Term and Whole Life Combined:
- Build lifelong base of whole live coverage.
- Supplement specific times of your life with term insurance.
When to choose term life?
Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it may make more sense to have a term life policy that covers the mortgage and living requirements until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.
When to choose whole life?
Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Often times whole life policies will pay dividends – although not always.
With a variety of alternatives and policy possibilities it’s understandable that you may feel a bit anxious. But remember, life insurance is all about you, and you are certainly worth insuring!
Give us a call and let one of our expert life insurance specialists get you started on the right path. Contact Rico, Pfitzer, Pires and Associates for more information and get a free California life insurance quote today!