Life insurance offers you a way to look after those you love when you are no longer able to. SBC Insurance can help you with life insurance in Loyola CA, Menlo Park, Mountain View, Palo Alto, Stanford CA, Sunnyvale. They can help you with personal life insurance as well as key man and group life insurance policies. They are independent agents and they can access life insurance products from several carriers and match the right product to your needs.
There are several types of life insurance policies. These include business products such as key man and group life policies. If your business relies on key person, it makes sense to have financial protection should something happen to that key person. On the personal side you get term life, permanent life, whole life, universal life, fixed annuities, endowment policies and more.
Each type of insurance has its own benefits and target market. For example, term life might be a good option for a young couple starting out. Term life is the most basic type of life cover and only pays if death occurs during the term of the policy. You could also decide between level term and decreasing term.
Whole life on the other hand pays out whenever the policy holder dies, even if t is at age 100. Whole life is also called permanent life and there are also sub-categories such as traditional, universal and variable.
Life insurance offers specific benefits. Apart from pay-outs to beneficiaries there could be tax benefits. Certain policies offer a savings component and cash withdrawals can be made once the policy is mature enough. Some life policies offer flexibility allowing the holder to amend death benefits, increase or reduce premiums, convert the policy from one type to another and so on.