Life insurance isn’t for those who have died—it’s for those who are left behind. When shopping for life insurance, consider needs such as replacing income so your family can maintain its standard of living, as well as paying for your funeral and estate costs.
How Much & What Kind of Life Insurance is Right for You?
A general rule is that you should seek coverage between five and seven times your gross annual income. As far as the various types of policies go, they can generally be placed into one of two categories: Term and Permanent.
Term insurance generally provides coverage for a specified period of time and pays out a specified amount of coverage to your beneficiary only if you die within that time period. In a level premium term policy, you pay the same amount of premium from the first day of the policy until the term ends. A permanent insurance policy, on the other hand, will stay permanently in effect for the rest of your life so long as premiums continue to be paid.
At Amante & Associates, we will shop and compare plans from over 30 insurance companies offering life insurance in the Temecula, Murrieta and Hemet areas, as well as throughout California, Nevada, Arizona and Texas. Our agents will help you determine how much insurance you need and provide solutions that are tailored for you. We will also continue to assist you as your life changing events occur and your insurance needs change.