Is Your Family Protected from the Unexpected?
In this present day chaotic and fast-paced world, it’s quite easy to lose track of time. We always assume that we have more time…until we don’t. The willingness to plan ahead and not get caught off-guard is absolutely invaluable, especially when it comes to your life and the protection of your loved ones. When the ability to produce income is lost, either permanently or temporarily, the individual and their entire family can be greatly affected in nearly every area of life – economically, mentally, emotionally and even physically. Without the wage earner, it may be impossible to cover the basic monthly expenses such as the mortgage and/or rent, not to mention any unexpected expenses such as funeral costs, or have enough money to pay for the future education of your children. In short, the family unit could be devastated beyond recovery. It is for this reason that Life Insurance exists – the preservation of the life style and future security of the family.
Without any doubt, choosing to protect your family and/or business through life insurance is one of the most important decisions you will ever make. Losing a loved one is difficult enough without having to worry about and contend with crushing financial obligations. With the proper life insurance policy you can be at ease knowing that in the event of an unforeseen tragedy your family will both be provided for and your personal legacy will live on. Life insurance can grant you peace of mind.
We at RHM are independent agents, which means that we can offer you a wide variety of Life Insurance products from the most solid and reputable insurance companies in the industry today. We work directly for you to find the plan that will best fit your personal needs and obligations. We are considered experts with over 50 years of experience (since 1958) in this specialized field.
There are two main types of Life Insurance:
#1 Term Life Insurance: This is temporary life insurance that provides protection for a specific amount of time (usually between 10-30 years) and only pays the Face Amount (death benefit) if the insured person dies within the term/ time that the policy is in effect. There are Convertible Term Life Insurance policies, which allow the policy owner to convert the term (temporary) coverage to Permanent Life Insurance, without proof of insurability (medical exam).
#2 Permanent Life Insurance: Is life insurance which provides protection for the insured’s entire life span. These policies can build cash values by which, the policy owner may borrow against or exercise other non-forfeiture options – known as “Living Benefits.” The very popular Universal Life policies, characterized by flexibility, would fall under this category. In recent years, some insurance companies have begun to offer Guaranteed Universal Life policies (GUL), which provide the owner with a guaranteed interest rate of return as well as a level premium for the life of the policy (often up to age 121). In sum, the GUL provides the most coverage for the longest time at the most reasonable price.
Give us a call at (858) 203-7076 today or email us to discuss how life insurance can give you assurance that the future of your family and/ or business will be protected.