TERM LIFE INSURANCE QUOTES AT PACIFIC INSURANCE GROUP
If someone needs death benefit coverage for a specific length of time, such as 10, 15, 20, or 30 years then term life insurance becomes a great solution. Term life insurance is the least expensive way to purchase life insurance because the death benefit is designed to only last for a period of time and the policy does not build any cash value. Click on the term life insurance calculator above to generate some rates.
PERMANENT INSURANCE QUOTES ONLINE AT PACIFIC INSURANCE GROUP
Choosing the correct type of life insurance is crucial for someone’s overall financial planning. Below are some features and benefits of permanent life insurance.
Permanent life insurance is generally designed to stay in force until death; however, some types of permanent life insurance can be minimum funded with the intention of increasing the premium in the future. If the policyowner does not increase their premium down the road, the policy will most likely lapse because of being underfunded. In contrast, some people overfund a life insurance policy from the beginning with the intention of paying the policy up early, supplementing retirement, or using the cash value however they choose. Under the current tax code life insurance cash values accumulate on a tax-deferred basis, and withdrawals are tax free.
The two types of permanent life insurance are universal life insurance and whole life. Before you start checking out life insurance quotes online, be sure to know the difference between these two options as presented below.
Universal life insurance allows for greater flexibility because the premiums are adjustable and the death benefit can be increased or decreased. However, increasing the premium is subject to the company’s terms and limitations after the policy is activated. Furthermore, a paramedical exam may be required to increase the death benefit.
If the policyholder’s goal is to pay as little as possible and guarantee a death benefit for life some universal life insurance policies offer guaranteed premiums and guaranteed death benefits. This is generally the lowest cost way to purchase a guaranteed death benefit. For people concerned about outliving their term life insurance and who are not concerned about cash value accumulation this can be a viable solution.
If the policyholder’s goal is to maximize cash value in addition to the death benefit, universal life allows for larger initial premium payments and the flexibility to adjust these payments over time. Moreover, the framework of a universal life insurance policy can be designed for maximum cash value accumulation with the intention of taking tax-free loans in retirement. There are also additional riders built into some universal life policies that guarantees the policy will not lapse if certain conditions are met. This rider is typically referred to as an “overloan protection rider”.
With ordinary whole life insurance, the premiums paid by the policyowner are generally the same every year for the duration of coverage. Whole life insurance can be ideal for someone who prefers a guaranteed premium, guaranteed death benefit, and guaranteed cash value. The policy also allows for loans to be taken out, but the framework of a whole life policy may require these loans to be paid back because of the guaranteed cash value feature which has to equal the guaranteed death benefit at a certain age. This oftentimes leaves policyholders with the impression they can both take cash value out of the policy without affecting the guarantees inside the contract. Unfortunately, loans have to be paid back within the framework of a whole life insurance policy to guarantee the cash value and death benefit.
It only takes seconds to obtain an online life insurance quote, simply scroll up to the top of the page to generate an instant life insurance quote.
PACIFIC INSURANCE GROUP
Pacific Insurance Group is a National Marketing Director/Managing General Agent for multiple insurance companies and provides a variety of life and annuity products. In addition to servicing clients, we recruit and train insurance producers.
We are a family company devoted to serving people to the best of our ability. Every single recommendation we make is rooted in what is best for the client.
Putting the well-being of our clients first has allowed Pacific Insurance Group to become one of the nation’s life coverage leaders.
J. CARTER GRAY, CLU®
With a practice established in 2000, Carter prides himself on helping people get the correct amount of life insurance and developing personalized retirement strategies which allows them to reach their goals. Raised in the financial industry, Carter’s parents have demonstrated holistic financial planning through various insurance products for over 40 years.
- Chartered Life Underwriter
- University of Washington Graduate
- Guaranteed Life Insurance Analyst
- Tax-Diversification Strategies
- Fixed Indexed Products
WHAT OUR CLIENTS SAY ABOUT US ...
“As a Life Insurance and Financial Advisor client of Carter over the past several years, I honestly tell you that he is one of the best, most informed, hard-working Insurance Professionals I have ever had the pleasure of working with in over 45 years. You cannot find a better-focused, client-centric, hardworking, and insurance product savvy professional in the business, in my experience. Carter finds and tailors each policy directly to the needs of each client. There is no high pressure or cookie cutter policy for his clients. He and his team of insurance experts dedicate their time to working with and finding the BEST insurance product to meet the financial and risk protection needs for each of his clients. Carter is one heck of a leader as well. He has helped to establish and has led the Bellevue, Washington LinkedIn Group to the benefit of all members for several years. He is a Leader in his Profession, in his Business, and Social Communities. He is the kind of expert professional that we all want on our team. I have no reservations when I say to you that you want Carter to represent you when it comes to Your Insurance needs! You’ll be impressed for years to come.”
David Dahlstrom, CIH, FAIHA
Carter is the best around. He helped find us the best rates in order to maximize our coverage. The paramedical exam process was very straight forward and easier than we expected it to be. A total home run experience for us. We would highly recommend his services to anyone with insurance needs.
“Carter has been a great asset for our company based on his high level of expertise on life insurance and annuity products. He is able to explain to clients the value in each product without bias, due to the large volume of the nation’s leading carriers. It is immediately apparent that his father has been in the industry for over 40 years, as his knowledge is second to none. He has been crucial in my development as a life insurance professional, and I would recommend his service to anyone.”
“Carter is very professional. He has a tremendous knowledge base in the insurance industry and he manages successful agencies all over United States. Carter being a successful MGA, is also someone I go to with all my life insurance and annuity businesses. From negotiating agency contracts to life underwriting, my experience as a thriving wealth manager and an advisor, has a lot to do with Carter and his personal coaching techniques. I highly recommend him to all professional insurance agencies who are looking for a great MGA to represent their business.”
“J Carter is always watching out for my best interest and only reaches out when there is something that makes sense. He is mindful of his time and focused on the topic at hand and very effective and efficient in his work.. He is my trusted advisor and I highly recommend him and his services.”
Brenda Breuer – Communications & Marketing Manager
“Carter brings innovative products to the table, clearly explains them and executes well. He always goes the extra mile to make sure the client is happy and has clear understanding of complex topics and scenarios.”
Brad Wright – General Manager
We don’t stop there. At Pacific Insurance Group our solutions are comprehensive
We are fully committed to providing people with policies that suit their needs as well as bridging the knowledge gap between the insurance industry and its customers.
We are also engaged in the training of life insurance agents who share the same principles that we do. On both fronts, our objective is to empower people with the correct information. In our opinion, this is one of the most important ways we can better the industry as a whole.
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THE RETIREMENT CHALLENGE
As you near to full retirement age, a financial loss becomes much more substantial than huge gains. What would impact your lifestyle more: A gain of 50% to your nest egg or LOSING 50% of your nest egg?