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Get the Right Life Insurance in Chino Hills! Check Out The Pros & Cons of These Policies

Jun 30, 2016

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Get the Right Life Insurance in Chino Hills! Check Out The Pros & Cons of These Policies

Find the right policy when looking for life insurance in Chino Hills.

It’s imperative to purchase life insurance. It acts as a safeguard to protect your family from financial burdens after you’re gone. However, with an array of policies, it’s difficult to know how to choose a policy. Compare policies and pick the one that gives you the coverage to meet your needs. Get the right life insurance in Chino Hills by checking out the pros and cons of these policies. Term Life Insurance. Pros: A term policy is an affordable life insurance option. It guarantees death benefits as long as you’re within the length of your term, and your insurance premiums remain steady. Additionally, it allows you to tailor the coverage you need so you won’t have to worry. Cons: Keep in mind that a term policy is only valid for a certain amount of time. Once the term has ended, then your policy expires and you'll need to purchase a new one. Whole Life Insurance. Pros: A whole life policy covers you for your entire life. It’s a guaranteed policy with a set premium that you pay into for life. In addition to your death benefits, this type of policy builds cash value that you can later withdraw if needed. Cons: This policy is a fixed policy. Once you start, you’re locked into the set premium for life. There’s no flexibility to change your policy down the line. Additionally, this type of coverage tends to be more expensive than other types of policies. Universal Life Insurance. Pros: A universal life policy gives you the benefit of flexibility. You’re able to change your policy coverage and premiums as your life changes. You’re not locked into anything, but you still have lifelong coverage. Additionally, just like the whole life policy, universal also builds cash value. Cons: You must follow the set conditions. If you don’t meet all the set parameters, then your death benefits aren’t guaranteed. Do you want help picking the right policy when purchasing life insurance in Chino Hills? Contact the professionals at Fuller Insurance Agency, located in Southern California, for assistance finding the right policies for your family in Chino Hills, Los Angeles, Long Beach, and surrounding communities.
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