Best Life Insurance Quotes For Redmond Washington
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Washington State Family Owned Agency Since 2000
PLAN FOR THE FUTURE WITH LIFE INSURANCE
Life insurance is an excellent product to have to plan for your future and for that of your loved ones. A life insurance policy can help you keep promises that you have made for your family about what will happen after you are gone. You never want to leave the future to chance. A policy from Pacific Insurance Group can give you and your family the peace of mind you need. The right coverage from one of our Redmond life insurance agents can be updated to continuously meet your needs.
YOUR POLICY SHOULD CHANGE AS YOUR LIFE CHANGES
We understand that our Washington neighbors all have unique financial and personal needs. Your life is constantly changing and there will be times you will need to update your life insurance policy. You want to be sure that it meets your current needs.
Specific occasions when you should change your policy include getting married or divorced. You want to change your policy when you have a child or grandchild or open a business. If your spouse or your health is deteriorating or you are caring for an ailing parent be sure to get a change to your life insurance.
See about making changes to your insurance if you have recently bought a home, are planning for a child’s college education, or you are worried about your retirement income. Have you inherited money or refinanced your property? These, too, are great occasions to speak with an agent about updating your life insurance policy.
WHAT YOU SHOULD KNOW
Pacific Insurance Group has information to help you select the best product for your needs. The most common types are term life insurance, whole life insurance, and universal life insurance policies.
Term life insurance offers protection for a set period. If you are new to insurance, this is a good product for you. It is often the most affordable coverage and it is offered in varying terms from 10 to 30 years. Premiums with an annual renewable term are fixed, making this an easy policy to budget for. Some term life products can be converted to permanent policies.
Whole life insurance is a type of permanent life insurance. That means it remains in full effect for your lifetime. You must pay the monthly premium to keep it in effect. Whole life insurance can also be a type of investment. Many policies build cash value.
Universal life insurance is another type of permanent life insurance. This policy is notable for its flexible premiums, face amounts, and its unbundled price structure. Universal policies can also build cash value. The interest rates might adjust periodically but it typically does not fall below a set percentage.
Which type of coverage is best for you? Speak to one of the team members at Pacific Insurance Group. We will help find the best policy for your needs and budget.
BENEFITS OF LIFE INSURANCE
Getting the right life insurance is an important part of planning for your present and for your future. Life insurance provides peace of mind for your family after you are gone. Many policies have options that provide added benefits and investments that you can take advantage of while you are still living.
A Life Insurance death benefit provides tax-free income to the named beneficiary or beneficiaries in the policy. These benefits can be used to pay for funerals, debts, tuition, estate tax and just about anything else your family needs. You can get a policy that offers security for a business that you own. A policy can allow your partners to buy out your interests and prevent your business from being forced into liquidation.
Living benefits provide cash value in any permanent life insurance policy. This is also tax deferred meaning that you do not pay taxes on the money unless you withdraw it. Loans can be taken against the living benefit cash value to help pay for a down payment on a home or to help pay for a college tuition.
Life insurance coverage is different for every one of our Redmond clients. Speak with the Pacific Insurance Group today and find out more about how to protect your family’s future with life insurance.