California Life Insurance
At Roger L. Stevens Insurance Agency, we believe that life insurance is much more than just another insurance policy. It’s peace of mind and protection for your family.
We know that finding the right California life insurance program isn’t easy. From having to weigh the pros and cons of term life insurance versus whole, universal and variable and beyond—it’s easy to become overwhelmed.
That’s exactly why we’re here. Roger L. Stevens Insurance Agency wants to be more than just your insurance agent, we want to be your trusted ally and friend. Let us help you make one of the most crucial policy decisions of your life. We understand that no two scenarios are the same. We’ll design a tailored California life insurance plan that you can rely on.
Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seems to go on forever. At Roger L. Stevens Insurance Agency, we want to help you determine which California life insurance policy type is right for you. Our team understands the intricacies of life insurance, California’s specific markets & the challenges associated therein. Rest assured, we can find a plan that fits 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.
- Build lifelong base of whole live coverage.
- Supplement specific times of your life with term insurance.
Term and Whole Life Combined:
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 so many policy possibilities it’s understandable that you may feel a bit anxious. Remember, life insurance is all about you, and you are certainly worth insuring!
Call us today and let one of our expert life insurance specialists get you on the right path. You’ll be on your way to a free California life insurance quote in no time!
