Best Life Insurance Quotes For Woodinville Washington
Washington State Family Owned Agency Since 2000
LIFE COVERAGE GUIDE
In order to plan both your loved ones and your own future, it is critical to have the right life insurance. Life insurance can assist you with providing for your family after you are gone.
You definitely don’t want to leave your loved one’s future to chance. Or your own for that matter. Pacific Insurance Group is here to assist you with finding the right life insurance in Woodinville for you, and to help make sure that your life insurance policy continues to meet all of your needs.
AS LIFE CHANGES YOUR LIFE INSURANCE POLICY SHOULD TOO
For every one of our Washington neighbors, the right life insurance is going to be dependent and unique to your financial and personal needs. Your life insurance coverage might need to change as your life continues to change in order to adapt to whatever your current needs are. Some of the major life transformations that might require changes to your policy include the following:
- You divorced or married recently
- You have a new grandchild or child
- You have expanded or opened a business
- Either your spouse’s or your health has deteriorated
- You are giving either financial assistance or care to a parent
- Your grandchild or child needs long-term care or help
- You purchased a new house recently
- You are trying to plan for your grandchild’s or child’s education
- You have a large estate
- Your spouse or you received an inheritance recently
- Over the past six month you refinanced the mortgage on your home
- You are worried about retirement income
TYPES OF LIFE INSURANCE
Pacific Insurance Group is here to assist you with choosing the life insurance coverage that will best suit your needs. Several different kinds of life insurance products are available, with the most common ones including the following:
TERM LIFE INSURANCE
This type of insurance offers protection for a certain amount of time. If you don’t have any life insurance currently, term life insurance can be a great starting point. Usually it costs less than permanent (whole) life insurance, and can be purchased for varying time periods that have a fixed premium ranging from one year (renewable annual term) up to 20-year period.
You may be able to convert term life insurance into permanent coverage at times, which provides you with the flexibility that you need whenever your needs change and you need different coverage.
WHOLE LIFE INSURANCE
This is a type of permanent life insurance. It remains in force over the course of your whole life, as long as the premium that is specified on the policy is paid. Whole life insurance may be an investment opportunity, since a number of whole life insurance policies build up cash value over time as well.
UNIVERSAL LIFE INSURANCE
This type of permanent life insurance features an unbundled pricing structure, face amount and flexible premium. Universal life may also build cash value, earning at a certain interest rate that might periodically adjust, but normally is guaranteed to not drop below a certain rate.
What kind of life insurance is the best type for you? Speak with one of our team members here at Pacific Insurance Group for assistance on identifying the protection that will work before for you.
LIFE COVERAGEBENEFITS
In order to plan your present as well as your future, it is essential to have the right life insurance. Life insurance cannot only provide your family with assistance after you are gone, but there are also numerous different life insurance options that provide other investment opportunities and benefits that you can capitalize on while you are still alive.
Death Benefit – Once you pass away, your named beneficiary or beneficiaries will be provided with a tax-free income from your life insurance policy that may be used for paying for funeral expenses, estate taxes, tuition, debt and practically another other kind of financial need. Your life insurance policy also can provide your business with security also, by allowing partners to buy the interests out of a deceased partner in order for a forced liquidation to be prevented.
Living Benefits – A permanent (whole) life insurance policy’s cash value growth is tax-deferred, which means you don’t pay any taxes on the increase in cash value, until the money is withdrawn. Withdrawals or loans may be taken against a permanent life insurance policy’s cash value in order to use for paying for expenses, like a down payment on a house or college tuition.
The best life insurance coverage for every one of our Washington customers is unique. Speak today with a team member at Pacific Insurance Group to find out the best way to protect your future and family by choosing the right life insurance policy for you.