Term life insurance is designed to provide you with protection for a specified period of time, typically one, five, ten, or twenty years. For instance, term insurance can help ensure that your family will be able to pay off the mortgage, pay ongoing living expenses, or fund college education costs if you die prematurely while you still have outstanding debts or while your children are young.
Term life can provide either a level or decreasing death benefit. A level death benefit stays the same throughout the policy period. A decreasing death benefit, commonly used to insure a declining debt such as a mortgage, decreases as illustrated in the insurance contract, typically annually.
Get the protection you need, for the length of time you need it, at the price you can afford.
Unlike term insurance, whole life offers coverage for your entire life. It also accumulates cash value, which is accessible in the form of loans or withdrawals. Whole life insurance can represent a future source of money as well as protection. The premiums are guaranteed to remain the same throughout your lifetime.
Build cash value while protecting your life through permanent insurance.
The good news is that Pacific Crest provides professional advice through CUSO Financial Services, Inc. (*CFS). To schedule a complimentary consultation, please contact our representative at 541-884-1376.