Educational Articles


Multiple Insurance Policies

There is no reason why, people can’t have multiple insurance policies to handle multiple issues. Having term insurance when your children are young so that the family is covered through their college years is common. Adding a whole life policy that is for business continuity purposes is another possibility.  Multiple policies for covering different risk scenarios is a smart idea, come talk to us at the Pacific Insurance Group so that we can help you figure out a strategy that works best for you.

Best Place to Purchase Life Insurance

Best Place to Purchase Life Insurance Captive Agent vs. Call Center vs. Independent Agent When the time comes to purchase life insurance there are basically three places someone can go to take out a life insurance policy. Captive Agents A captive agent is a person who sells life insurance products for only one company, usually they advertise during big sporting events on tv which is a little ironic since most of them are mutual companies and the policyholders are paying for that expensive advertising. In the early 1900’s almost everyone who sold life insurance were captive agents, these agents would…

Do you know why you need Life Insurance?

The purpose of life insurance is to provide financial support for your dependents if you are no longer around to do it yourself. If you don’t have any dependents, you probably don’t need to spend money on life insurance. If you are contributing significantly to the financial well-being of someone in your life, you think about protect from any financial gaps that might occur if you no longer able to provide the same support. The key is to understand why you need life insurance before you begin shopping for a policy. Work with an independent broker who will help guide…

What is a Term?

Term: is a type of life insurance that provides a potential death benefit for a fixed period.  This is commonly a flat premium for 10, 15, 20, or 30 years.  After the end of the term the policy no longer provides a death benefit. The other common characteristic of term life is there is generally no cash accumulation, which helps keep the cost relatively low.

Life Insurance for Young Families

Sometimes people can overthink the most basic necessities, such is the case with life insurance. If you have a young family and care about their financial well-being in the event of your unexpected death, don’t waste time exploring the entire universe of life insurance, go get an inexpensive term policy in place. Here is why; YOU CAN ALWAYS CHANGE it down the road, PROTECT your family now! No Penalties to Switch Term Policies Term life insurance does not build any cash value and there are no penalties if you decide to cancel the policy. Meaning, if you take out a…

When Buying Life Insurance look for an Independent Agent.

There are many types of life insurance agents as well as life insurance companies, but when it comes to picking an agent for your Life Insurance needs look no further then an Independent Life Insurance Agent. Advantages: We can offer multiple options and offer policies that suit your specific needs. We work with multiple carriers so we know what carriers offer the best policies for you. We can comparison shop for you so that you know you are getting the best rates. Apart from these we build connections with you that last beyond just selling a mere policy, learn how…

Protect Your Paycheck

Do You have Income Protection? The month of May is disability income protection month. The question to ask yourself: what happens if I get disabled or sick and cannot work? How long will your employer keep you on the payroll? It is prudent to have a plan in place in the event of a disability (unless you have a bunch of cash set aside). What will happen to your family or if you are single, how will you pay the bills? This is not meant to be a scare tactic, but if you sit back and think about it, how…

Getting a health exam when buying a policy

The first thing you should know that even though no exam life insurance seems more convenient, most of these policies cost AT LEAST 2 – 3 TIMES MORE than policies which do require an exam. If you are young and healthy, or even older and healthy, we would not recommend that you apply for a no exam policy if you want to save money. We would generally say you should never buy a no exam policy unless unless you are afraid of needles and the paramedical exam process, and want to get coverage prior to seeing a doctor about it.