Life Insurance Services in Carlsbad, San Diego
Let KingBenefits Insurance Solutions in Carlsbad help prepare you for the future. For nearly 50 years, we have protected families residing throughout California. We will help you identify where life insurance is appropriate for your family and business. Life insurance protects loved ones that depend on you for financial support. Although it’s tough, it is a conversation worth having. We understand the ins-and-outs of applying for life insurance and we are here to make the process a smooth and easy progression.
How Can KingBenefits Help You with Life Insurance?
KingBenefits will help you decide which life insurance option caters to the needs of your family or business. We offer a variety of premium life insurance options, including Term Life Insurance, Whole Life and Universal Life. Our team is passionate about helping you find the best life insurance for you and your family. Contact KingBenefits for a life insurance quote today.
Life Insurance Can Be Confusing, So Here’s a Rundown of the Basics:
Term Life Insurance—This is the simplest and generally the least expensive option. You buy coverage for a specific period of time with a set premium amount. There is no cash value with term life insurance.
All other types of life insurance are permanent. They all include a savings element that builds cash value, in addition to the death benefit. Once that cash value accumulates, it is accessible to the policyholder through loans and/or withdrawals and can be tax-free.
The following are some of the most common types of permanent life insurance:
Whole Life—You purchase this policy to cover your entire life, as long as you keep paying premiums. Premiums remain constant throughout the policy, and the company invests a portion of your premium that becomes the cash value. These are more expensive than term policies in the early years, but they even out because the premium does not increase.
Universal Life—This policy is similar to whole life but has the potential for higher earnings on the savings component. It is more flexible in terms of changing premiums and face value throughout the policy. There is usually some guaranteed return on the cash value and death benefit. Many Universal Life policies include the option of Long-Term Care or Chronic illness riders included as benefits. Disadvantages include higher fees, and fewer guarantees than whole life.