Senior Life Insurance

Life Insurance in California?

In the market for life insurance but don’t know which plan you should select? Contact our Los Angeles life insurance specialists today. We provide life insurance professionals to help find the best life insurance option for your specific situation. Add a little additional security to your future by calling us today.

About Senior Life Insurance

Senior life insurance is a contract between an insurance company and a customer which outlines the obligations of each party. The customer pays a specified amount, called a “premium”, on a regular basis, and in return the company pays a designated amount to a beneficiary once the term of insurance is over (generally at the policy owner’s time of death).

What is the difference between term & universal life insurance? What are their pros & cons?

Term life insurance means you only pay for a specified period of time, and the benefit to your heirs only lasts for a fixed period.

Whole or universal senior life insurance is permanent, guaranteed for the duration of the owner’s life. The advantages of this type of senior life insurance include easy access to funds and tax-advantaged growth of wealth.

Both kinds of senior life insurance have benefits. Contact one of our insurance professionals in Los Angeles to learn which life solution is best for you.

What are the financial benefits of owning a senior life insurance policy compared to investing in other ways?

Every investment plan has its pros and cons depending on each client’s unique financial circumstance. This is why selecting an experienced financial professional is so important.

Why May Someone Need To Buy Senior life insurance?

Provide a way for your family to pay for funeral costs.
To cover college tuition, utility bills, groceries, and other costs of living.
To pay off debts that have been left behind, such as mortgages.
These only represent a fraction of the reasons why you should buy senior life insurance. Learn more by contacting a senior life insurance professional from EFC Wealth Management Firm.