SBC Insurance can help you with life insurance in Loyola CA, Menlo Park, Mountain View, Palo Alto, Stanford CA or Sunnyvale. Life insurance mainly falls under the category of personal insurance products and provides you with a way to ensure loved ones are taken care of when you are no longer around or able to take care of them.
You can also get life insurance in a commercial context. This is also keyman insurance. If you have a business that relies on one or key people, you can protect business interests with a keyman insurance policy. Most small businesses will fail if a keyman suddenly dies or becomes incapacitated. Keyman insurance can help a small or medium business survive the loss of a partner, owner or director.
Personal life insurance comes in three main flavors. These are term-life, whole life ad endowment. A term-life policy will cover your life for a fixed period, normally 20 years. Term life is cheaper than whole life and is a good option for a young family. Whole life will cover you for as long as you live. An endowment policy is a type of whole life policy that has an investment component. That means the policy will accrue a cash value over time.
Whether is term life, whole life or keyman insurance, the purpose is to ensure there is money available for others to continue when you no longer able to produce that money. It is a sensible way to take care of things should the unexpected happen. Loved ones will have enough grief and suffering when the unexpected happens. You don’t want the to be burdened with added financial pressures.
Closely linked to life insurance is health and disability insurance. SBC Insurance can help you with life insurance, health insurance and disability insurance.