If someone you care about depends on you financially, you need life insurance. Presidio Life is hear to make sure the coverage you need is simple and affordable.
There are two main types of life insurance: term life insurance and permanent life insurance. For most people looking to replace their income or protect their family, term insurance is the best option. Read on to learn more.
TERM LIFE INSURANCE
Simple and Affordable.
Term insurance pays a cash benefit to your loved ones (also known as your beneficiaries) if you were to pass away during the term. The term is how long the policy lasts. Typical terms are 10, 20 or even 30 years.
Simple: Term life insurance typically involves just two decisions: how much coverage you want and how long you want it to last.
Affordable: Term life insurance provides cash paid to your loved ones if you pass away during the term. It does not include a savings benefit like permanent life insurance. This makes it the most economical type of life insurance. Many people are pleasantly surprised to learn just how affordable term life insurance can be. As an example, a healthy 30-year-old can get a $250,000 20-year level term policy for about $13 a month.
PERMANENT LIFE INSURANCE
Used to Build Savings, Reduce Taxes, and Transfer Wealth.
Permanent life insurance offers more features and choices that may make sense depending on your financial goals and family situations.
As part our commitment to making life insurance simple and affordable, we recommend those considering permanent insurance request a quote and speak to a licensed and experienced agent.
There are different kinds of permanent life insurance. Some offer a guaranteed rate of return while others let you choose a mix of investments for a variable rate of return. Meanwhile, some require you to pay fixed premiums while others let you vary the amount based on your financial circumstances. Others even let you skip premium payments and increase or decrease your coverage level over time.
Our agents are highly skilled at designing policies that accomplish your goals and making sure you fully understand how they can help you.