SBC Insurance can help you with best value insurance products including life insurance. They serve the communities of Los Altos, Menlo Park, Mountain View, Palo Alto, Stanford CA, Sunnyvale with reliable insurance solutions including personal insurance and business insurance. Life insurance is an important product that fall within the personal insurance category. Life insurance enables you to provide for your family, your loved ones. Life insurance can also be used in business to cover key employees. This type of life insurance is known as keyman insurance.
There are different types of life insurance policies. Commercial life insurance can be in the form of group life or keyman policies. Personal life insurance can be divided into different categories such as term life insurance, permanent life, whole life insurance, universal life and fixed annuities.
A group life insurance policy will cover a group of people such as a board of directors, members of a union, players of a sports team and so on. The policy owners could be a business, an employer, a union or a sports club.
A small business relies heavily on one or tow people such as the owner, director or manager. If that key person suddenly dies the business itself will likely sink. One way to protect the business and help it survive such an event is through keyman insurance. Basically, the business takes out key man insurance on the life of the owner or director. The business pays the premiums. Should anything happen to the key person, the business or company will receive the insurance pay-out.
Personal life insurance products provide you as the breadwinner to provide for your loved one when you are no longer around or able to. There are many types of personal life insurance products such as term life and whole life.
SBC Insurance can help you with right life insurance products for your business or family.