Just Us Insurance is a Life Insurance Broker in Chula Vista – We Can Help You Provide Protection For Your Loved Ones or Business
Oftentimes, life insurance is used to free families from estate taxes and other end of life familial responsibilities. Responsible breadwinners can assure their families that the lives of their loved ones can continue in its intended trajectory by receiving the benefits of life insurance. When the deceased are essential employees or cause companies to lose important services or revenue, these businesses can be compensated for the losses by having the appropriate life insurance policies.
There Are Different Variations of Life Insurance to Choose From
There are several forms of life insurance that in some cases are very different. The common forms of life insurance are term and whole life, universal, and permanent and joint life insurance. Term life insurance policies have a set period limit on the coverage period.
Find a Whole Life Insurance Agency in Chula Vista
Whole life insurance policies have guaranteed premiums, cash value and death benefits. As whole life policies mature, policy purchasers can be paid by collecting dividends, or by raising the death benefit that is paid to beneficiaries or that value can be used to raise the policy’s value while the insured is still living. These policies can be used to shelter accrued wealth from taxes. The value is useable during the policyholder’s life, and the premium never changes. The assets that the policies produce are accessible through loans and advances against the policy. Beneficiaries will collect the face value of the policy if these loans and advances are not outstanding. Term and whole life are both considered permanent life policies.
Just Us Insurance is a Chula Vista Insurance Broker in That Will Explain the Benefits of Universal Life Insurance
Universal life insurance policies can be used to increase assets or have an emphasis geared more toward guaranteed protection. Guaranteed protection allows the policyholder to choose the term schedule and payment structure from the outset. As long as the premium schedule is adhered to, the protection is guaranteed. The policyholder can select a universal policy that accrues a rising cash value. This permits the premium and the death benefit to be revised with few restrictions. This means value can be added to the policy in a tax-deferred manner. This allows contributions to the policy to grow tax-free and the value and terms to be altered to reflect the rising value. Joint policies reflect a mixture of these policies in several iterations.
Why Should You Use a Local Insurance Broker in Chula Vista?
Insurance brokers are allowed to provide information pertaining to any area of the insurance industry. Insurance agents are only free to explore the positive aspects of the products that they offer.
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Only brokers are certified to give the kind of financial advice that protect all of a client’s assets upon death or the need to access and preserve accrued wealth. Brokers can look around many products and services for their costs and value and then apply those saving toward a targeted regimen for each individual client. It is very important to be able to go with multiple insurance products to evaluate what is pertinent to them. The broker will be able to institute the necessary components into the type of protection that affordable life insurance provides.
Contact Just Us Insurance Today.
