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
ALL ABOUT LIFE INSURANCE
Life insurance is an essential part of planning for the future of you and your family. It helps care for your loved ones when you are no longer with them. Why should you leave the future of your loved ones to chance when Pacific Insurance Group in Kirkland can help with the right coverage for your loved ones? Our expert team will ensure that the chosen policy will continuously meet your specific needs. One important thing to remember is your policy should continue to change whenever there are big changes in your life.
The ideal life policy is unique to the personal financial needs of each of our clients in Washington. Your life policy should change to adapt to the current situation as and when your life changes. Here are some instances where you would need a policy “tune-up,” so to speak:
- You married or divorced recently
- You have started a new business or expanded the current one
- A new child or grandchild is born to your family
- You or your spouse’s health has deteriorated
- You have purchased a new home recently
- You are planning for your child’s or grandchild’s education
- You are caring for a parent
- Your child requires long-term financial care
- You are worried about your retirement income
- You have an estate
- You have received an inheritance
- You have refinanced the mortgage, etc.
WHY SHOULD YOU CHOOSE PACIFIC INSURANCE GROUP?
Our expert team can help you choose the best life insurance policy for your family. We offer a wide variety of life insurance products to our clients in the region. Some of the most common policies include:
TERM LIFE INSURANCE
This type of insurance will provide protection to your family for a specific period of time. Term insurance is a good place to start if you don’t have any policy at the moment. They are less expensive than the whole or permanent life insurance policies. You will find term policies with fixed premiums for varying time periods – from one year to 20-year periods. A term policy could be easily converted to a permanent coverage. This will provide your family with the flexibility they require as their needs change.
WHOLE LIFE INSURANCE
This is a type of permanent life insurance policy that will remain enforced for the entire lifetime of the customer. This type of life policy could be treated as an investment opportunity as it will build cash value over time.
UNIVERSAL LIFE INSURANCE
This is also a kind of permanent life insurance policy with flexible premiums. In fact, it comes with an unbundled pricing structure. The policy will build cash value over time. It may earn you interest rates that are adjustable periodically. But this interest rate won’t drop below a certain percentage.
WHAT TYPE OF LIFE POLICY IS MOST SUITABLE FOR YOU?
You should talk to our expert team at Pacific Insurance Group to identify the best protection for you.
BENEFITS OF LIFE INSURANCE
The right life policy is essential when planning the present and future of your loved ones. It will ensure the future of your family once you leave them. On the other hand, most of the life policies offer investment benefits which you can take advantage while you are still living.
Death Benefits – Your life policy will provide a tax-free income to your loved ones when you pass away. The named beneficiary will be paid the stipulated amount that could be used to pay for your funeral expenses, estate taxes, tuition, debts, or any other financial requirement. Such financial assistance can help with your business too, by enabling the partners to buy out your shares and prevent a forced liquidation.
Living Benefits – The cash value of a whole life policy is tax-free. You don’t have to pay taxes on the growth of cash value unless you withdraw the money. You can take a loan against the cash value of a whole life policy to help with certain expenses such as tuition or a down payment for a house.
Each and every customer in Washington has unique needs. Hence, the type of policy would differ according to such needs. Talk with one of our experts to find how to protect the future of your loved ones.