Washington State Family Owned Agency Since 2000

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Several types of life insurance are offered in Washington State, and it is wise to meet with an independent life insurance agent to make sure you get the best policy at the lowest cost. Pacific Insurance Group located in Bellevue Washington has multiple agents who offer term and permanent life insurance throughout the state of Washington and the United States. It is prudent to understand the details inside of a life insurance contract as well as the different riders available on term, whole life, and universal life insurance policies.

​Washington State has thousands of licensed insurance agents and agencies who are appointed with multiple insurance companies. Unfortunately, most consumers are unaware of the drastic difference between insurance companies and assume life insurance companies charge a comparable price for similar policies. Not only can policies vary wildly in cost but also in the benefits they offer. It is extremely important to work with a licensed Washington State insurance agent who can give insight and recommendations on what policy would best suit your individual needs now as well as in the future. ​

​In the event of death, the most important thing is to have a local agent you can rely on to help facilitate prompt payment of the claim, which allows the survivors to have the liquidity they need for funeral expenses and any other immediate financial hardship.​

BELLEVUE LIFE INSURANCE

Pacific Insurance Group is one of the leading life insurance agencies in the state of Washington, working with thousands of Bellevue residents and families in the greater Seattle area. Being appointed with the multiple top rated insurance companies gives Pacific Insurance Group the ability to tailor a policy based on a client’s individual situation for the lowest cost. Based on a person’s age, health, amount of insurance and the type of life insurance, and the number of companies providing policies, only a knowledgeable agent will be able to show you the “best deal”.

​It can be a good idea to secure life insurance when a person is young and fairly healthy, because as a person ages they are prone to health problems which usually increases the insurance premiums. Furthermore, life insurance premiums naturally increase as a person ages regardless.

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Insurance companies who operate in Washington are required to have all products approved by the Washington State Insurance Commissioner’s office. ​Life insurance companies approved to do business in Washington typically offer customers both term life insurance and permanent life insurance. Permanent life insurance is designed to insure the death benefit for the insured’s life, however if someone only needs temporary coverage, term life insurance can be a great solution.​​

Life insurance companies offer various kinds of life insurance policies as well as fixed and variable annuity contracts which can be a great vehicle to create a guaranteed income stream the owner cannot outlive. Some people refer to annuities as a “private pension” because once you trigger a guaranteed lifetime income stream, the insurance company is obligated to pay that income for the rest of the annuitant’s life. Most people do not know that annuities are insurance contracts. This is just another example of why it is important to work with an independent agent who is appointed with top rated companies and has the flexibility to put their client’s interests first. For high net worth individuals Private Placement insurance policies can also be a good blend to the overall portfolio.​

SEATTLE LIFE INSURANCE

Life insurance in Seattle Washington is available to anyone interested in securing their survivor’s future with death benefit protection and the option of creating a supplemental retirement income stream by withdrawing money from the cash value. This last type of policy is a universal or whole life policy. These policies typically credit interest or dividends to a cash value, having the added benefit of accessing money in the case of an emergency or supplementing retirement income. This type of policy will continue to accumulate cash over a period of years and create a nice nest egg that can be used by the policyholder as it accrues. The policy holder has the right to borrow against the surrender value of the policy at any time, making it similar to owning a home versus renting an apartment.​

A good starting point for getting life insurance begins with obtaining a quote online. Once you narrow your search to two or three different life insurance companies, the agent will need to gather additional information from you. This information can range from medical history, age, nicotine use, to other information about your health and recreational activities. Depending on a person’s individual scenario a paramedical exam may be required to complete the underwriting process for approval.

​​​Once a life insurance policy is activated and put in force it is important to pay the premium on time. Normally a 30-day grace period is given in the event a payment is missed. Life insurance companies typically offer a discount for paying directly out of your bank account. The other cost-effective option is to pay the premium annually.

​Given the high cost of living in the State of Washington, a life insurance benefit can not only take care of immediate needs, but can help secure the survivor’s financial future. Moreover, if you have small children, take into account their possible college expenses in the future when deciding on the correct amount of life insurance. Therefore, it is important to secure life insurance and keep the premiums up to date for as long as the policy is in existence.

​For families in the State of Washington who participate in state sponsored pension plans like police officers, firefighters, and teachers, life insurance is a great way to maximize their pension. Rather than taking a reduced joint lifetime payout, they can take the maximum payout and fund a low cost permanent policy on the life of the pensioner that will pay a lump sum upon the pensioner’s death. The last thing a person should need to worry about after losing someone is money.​​

WHO IS LIFE INSURANCE A NECESSITY FOR?

​Sometimes people do not see the immediate need for life insurance, and believe they won’t be needing it anytime soon. Many single individuals, or married couples who do not have children, do not see the need for life insurance. Planning ahead and purchasing life insurance while one is still healthy can end up saving people thousands of dollars over the long run. The truth is however, that life insurance involves a whole lot more preparation than most people think about.​

SINGLE INDIVIDUALS

​If you are a single individual who has a share in supporting members of your family, you need life insurance. Should you have an untimely death, the insurance will help the family members to replace the income that you had provided. In addition, they would have the option to pay for a caregiver if needed.​

COUPLES WHO ARE NEWLY MARRIED​

Newly married couples who do not yet have children also have a need for life insurance. The reasons are similar to those for single individuals, just less apparent. Mainly, the income of the major breadwinner needs to be protected to cover most of the household expenses. In the event that the main breadwinner dies, life insurance will ensure that the beneficiary can maintain the same standard of living. Taking out insurance when you are young and healthy is a smart move because the premiums are typically lower.​

FOR COUPLES WHO ARE MARRIED WITH CHILDREN​

Life insurance gives you peace of mind that you are caring for your loved ones should you die unexpectedly. Having the proper amount of life insurance ensures the family home and your children’s future will not be compromised. It is not uncommon to insure every member of the family including minors, up to certain limits.​

All you need to do to get an online life insurance quote is complete the form on this page. Personal details such as email addresses, phone numbers and postal addresses are not necessary. Simply provide your information and know that you are stepping onto the road to peace of mind for your precious family, come what may.

Washington State Life Insurance Quotes