Are you planning to buy an insurance policy for your life and health? You should choose a company on whom you can place your trust. SBC Insurance Services, Inc. is a dedicated agency selling reliable life insurance in California and other western states. Being a well-known agency, we have a professional account manager who matches our clients with the best customized policy option available in the market. Our agents have the right skills and understandings to explain the complex and difficult clauses of health insurance to our clients. It is our duty to help families to enjoy the best options to stay healthy. At SBC Insurance Services, our focus has always been to provide group health benefits for businesses and individual benefits for families. In group benefits, for the business houses in Sunnyvale, Palo Alto, Stanford CA, Mountain View, Menlo Park, Los Altos we discuss the employee demography, the cost of coverage, and the extent of coverage so that we can to justice to your employees.
Below we have mentioned 2 common types of life insurance available. Take a look.
- Term Life Insurance
This is the cheapest policy to be paid on a yearly basis. Term policy provides coverage for a pre-defined period of time, generally 10 to 30 years. Though it’s cheap and offers good coverage, this does not offer cash value for the policyholder if you outlive the term of the policy. So, you should not consider this option if you are looking for investing purposes. At some point, the term life insurance can even be converted into a whole life policy depending on certain conditions.
- Whole Life Insurance
This is the most common type; not only does this provide cash benefits to your beneficiaries upon your death, but it also provides cash value during the life of the policy. The premium paid by you is submitted to the cash-value account which then grows on a tax-deferred basis. The policy holder has the liberty to withdraw the cash value as and when it accrues and use it as per his wishes.
So, if you want a trustworthy insurance company, you can get in touch with us.