Since life insurance is not required by any state, many people opt not to carry any. Life insurance is not a luxury. It is a necessity if you have anyone dependent on you. Life insurance is vital throughout your life, but it is less expensive to purchase when you are young.
At Golden Way Insurance Services Inc., we understand life insurance. As independent agents, we offer products from a wide selection of the top carriers.
Whole Life Insurance
Whole life insurance is designed to stay in force for an entire lifetime as long as the premiums are paid. It is the sort of insurance that is best purchased when you are young because the premium will remain fixed for the life of the policy. Whole life policies earn dividends and will end up being worth more than the face value if held long enough. You can also borrow from the cash value should the need arise. They are an important part of future financial planning.
Term Life Insurance
Term life insurance provides a defined death benefit for a specific period. That period is determined along with the amount on the policy at the time it is purchased. The term can be short, or it can be up to 30 years. The payment remains the same throughout the term, and when it expires in some cases, it can be renewed. No cash value is accrued, so what you are paying for is strictly the life benefit, which makes it the most economical form of life insurance.
Life insurance is not one size fits all. At Golden Way Insurance Services Inc., we offer you years of experience at writing life policies as well as an exceptional level of customer service. We look forward to welcoming you into the office, or talking to you on the phone to discuss your life insurance needs.
While our office is located in California, we serve all across the following states: California, Texas, Tennessee, Michigan, Florida, New Jersey, Arizona, Nevada, and Indiana.