Life Insurance

Buying life insurance does not have to be complicated. An independent agent can help you put the right policy together. However, since knowledge is power, it is important to understand the two major types of insurance–learn more about term insurance and whole life insurance so you can make the best choice for you and your family.

Term insurance is fairly simple; it pays your family a specified benefit if death occurs during the term of the policy. This term can be nearly any period, but usually ranges from one to 30 years. Within term insurance, there are two basic types:

  • Level Term – Pays the same amount throughout the term of the policy.
  • Decreasing Term – The benefit amount drops over the course of the term. This is a much less common insurance type than level term.

Whole Life Insurance
This insurance pays a death benefit at any time–even if you live to 100 years old. Since this insurance requires an “over-payment,” to cover the cost of insurance when the person ages, there are laws in place that mean that these over-payments must be available to the policyholder as a cash value. This makes whole life insurance an investment that can be tapped into during times of financial difficulties. There are two variations on this product called universal life insurance and variable universal life insurance. Your independent agent can help you understand the options and choose the best one for you.

Let Wissink help you take the anxiety and confusion out of the equation when shopping for the best life insurance options today. No matter what your life insurance needs, contact ISU-Wissink Insurance, Servicing all of Los Angeles and Orange Counties, California– Call us today at 310-390-3318.

California License Number 652703.