Best Life Insurance Quotes For Bellingham Washington
Washington State Family Owned Agency Since 2000
Taking a life insurance cover is an essential part of planning for your future as well as that of your loved ones. The insurance cover can be a means through which you can fulfill the promises you have made to your family even after you have passed on. Why risk leaving the future of your family to chance!
The doors of Pacific Insurance Group are always open to all who seek the right Bellingham life insurance coverage. We will guide you to pick the most suitable policy that always meets your needs.
LET YOUR POLICY CHANGE TO SUIT YOUR LIFE’S CHANGES
For your Washington neighbors, their personal and financial needs should govern the type of life insurance they should get. Life never stays the same, and so the insurance cover should also change to ensure it meets the current demands of life. Some of the changes in life that also push for the need to do some tweaking in a policy include:
- A recent marriage or divorce
- A new addition to the family (child or grandchild)
- Your child or grandchild is starting school, and you are planning to secure their education
- Deteriorating health (yours or that of family member)
- Financial obligations for long-term care for your child or grandchild
- Financial obligations to your parents’ health care
- You recently bought a new home
- Refinancing your home mortgage
- Reviewing your retirement income before you retire
- You own a sizable estate that you plan to sell or develop
- Expansion of your business
- You or your partner recently received an inheritance
WHAT YOU NEED TO KNOW
Pacific Insurance Group will assist you to choose a life insurance cover that best suits your needs. Different life insurance products are available, but the most common are:
TERM LIFE INSURANCE
The policy offers protection for a specified period and is often the best option is you are getting a life insurance cover for the first time. Term life insurance is significantly cheaper compared to Whole life insurance and is available in varying coverage tenures with fixed premiums that range from as short as a year (also known as an annual renewable term) to as long as 20 years (also known as a level term).
Moreover, switch from term life insurance to permanent coverage; it offers flexibility making it possible for you to adjust the policy to suit the changes of life as they occur.
WHOLE LIFE INSURANCE
Whole (permanent) life insurance is a policy that remains valid throughout our lifetime just as long as you one your premium payments as specified in the policy. The permanent life insurance is somewhat an investment opportunity since taking more than two of these policies can help build significant cash value.
UNIVERSAL LIFE INSURANCE
A universal policy is a type of whole life insurance cover but with a flexible unbundled pricing structure, face amounts and other flexible premiums. You can also build cash value through a universal life insurance coverage, and it will earn a periodically adjustable interest rate, often set never to drop beyond a certain percentage.
Do you know which life policies suit you? Get in touch with Pacific Insurance Group and let us help you choose the best protection for you and your loved ones.
ADVANTAGES OF LIFE INSURANCE
With the right life insurance, you can efficiently plan for and secure your present and future finances. The policy will not only assure you family is financially secure after your demise, but will also avail various investment opportunities and other benefits that you can leverage while you are still on this earth.
- The Benefits When Alive – A Whole life insurance policy has a tax-deferred cash value growth, which means you will not pay taxes on the growth of the cash value up until you withdraw the money. You can make withdrawals or take loans against the cash value of the Whole life insurance coverage if you have financial obligations that need to meet, which may include paying the mortgage, medical bills, or tuition fees.
- The Benefit After Death – When you are gone, the life insurance policy will provide a tax-free income to the person or persons you have named as beneficiaries, which can be used to settle debts, pay funeral and medical expenses, sort the mortgage, tuition fees, and any outstanding financial need. The coverage is also a form of security for your business since it may allow your partners to buy out a deceased partner’s interests thus preventing an impending liquidation.
We offer unique life insurance coverage tailored to suit each of our clients in Washington. Let Pacific Insurance Group be the professional team on your side that helps you discover how to best protect your future and that of your loved ones by taking the right life insurance.