How local are we? Stop into our local office in Bellevue at 14595 Bel-Red Rd #101 Bellevue, WA 98007
Washington State Family Owned Agency Since 2000
DO YOU NEED LIFE INSURANCE?
Having appropriate life insurance is crucial to planning your future or that of those you love. Life insurance helps you fulfill the promises you make to your family if you are gone.
Never leave your future or that of your family to random chance. We can help you get the appropriate kind of life insurance coverage for you and your family, making sure that your policy keeps meeting your ongoing needs.
YOUR LIFE WILL CHANGE, SO YOUR POLICY SHOULD TOO!
We know that all our neighbors need insurance policies as unique as their needs, given that their personal and financial circumstances are all unique. When your life changes, as it inevitably will, your life insurance coverage might need to be altered in order to keep up with your existing needs. Certain life changes that might dictate a policy adaptation include the following:
- A recent marriage or divorce
- Opening or expanding your business
- Providing financial assistance or other care to your parent(s)
- A recent purchase of a new home
- Concerns over retirement income
- You recently got an inheritance
- Your estate is sizable
- Refinancing your home mortgage in the last half year
- Planning a younger relative’s education
- A child or grandchild needs long-term care or assistance
- Deterioration of your health or that of your spouse
- A new child or grandchild
WHAT SHOULD YOU KNOW?
We’re here to help you pick out the best possible life insurance policy and coverage for your own needs and situation. There are a number of various kinds of life insurance policies and products available. Do you want to know about the most common?
WHAT IS TERM LIFE INSURANCE?
Term life insurance gives you protection for a specific time period. If you’re currently without life insurance, then term is a great place to get started. You can usually find it cheaper than whole or permanent life insurance, and it’s available in various time periods that have fixed premiums. It often can run from a single year with an annual renewable term to as long as two decades.
On top of this, term life insurance can sometimes be converted to more permanent coverage, allowing you serious flexibility as your personal needs might change.
WHAT IS WHOLE LIFE INSURANCE?
Whole life insurance serves as a kind of permanent life insurance which stays in place for the rest of your life, so long as the provided premiums are paid within policy specifications. A whole life insurance policy can actually be an opportunity for investment, given that many whole life policies can build up cash value over the course of time.
WHAT IS UNIVERSAL LIFE INSURANCE?
Universal life insurance is another form of permanent life insurance, this time characterized by flexibility in the premiums, unbundled pricing structure, and face amounts. It typically is able to build cash value, which often earns a periodically adjustable interest rate, although it’s typically guaranteed not to sink below a certain minimum threshold.
Just what kind of life insurance is right for your family? Talk with a member of our team so that we can help you find the appropriate protection for your situation.
WHAT ARE THE BENEFITS OF LIFE INSURANCE?
Having appropriate life insurance is critical to the successful planning for both your present and future. Not only will life insurance provide assurances that your family is taken care of after you’re gone, a lot of life insurance possibilities offer additional advantages and even investment opportunities you’re able to enjoy while still living.
WHAT IS A LIFE INSURANCE DEATH BENEFIT?
When the time comes that you pass away, your named sole beneficiary or group of beneficiaries get tax-free income to cover your funeral expenses, estate taxes, tuition, debt, and other financial obligations. Your policy helps provide security to your business too, giving partners a chance to buy out any interests of their deceased partner, and preventing a forced liquidation.
WHAT ARE LIVING BENEFITS?
The cash value growth of a whole or permanent life insurance policy is often tax-deferred. That means you don’t have to pay taxes on the growth of any cash value, with the exception of money being withdrawn. Any withdrawals or loans can be taken out against the total cash value of the permanent life insurance policy to help out with certain expenses, like a down payment on your home, or college tuition.
The appropriate life insurance coverage for all of our clients is as unique as they each are. Talk to a member of our team today if you want to know how you can give your family and future protection with appropriate life insurance coverage.