Definition and Importance of Life Insurance

​Life insurance is a form of security and protection against any financial loss that is able to grant your immediate family or your declared beneficiaries cash benefits in the event of your demise. It is paid every month or also called premium.

Life insurance will help your family stay afloat of the finances after your death – whether predicted or untimely. The policy will ensure your family to cover for any:

• ​Funeral services expenses
• Outstanding mortgages and other debts
• Income loss
• Education expenses for your survived children even of legal age

The policy will give your loved ones a peace of mind and allow them to be worry-free with regards to the things you left during your unexpected demise.

Who Can Benefit From Your Life Insurance?
You are totally in control of who shall benefit from your life insurance once you have signed up for it. The most common beneficiaries of your insurance policy are your children, spouse, and other financial dependents. It is a form of security for them that they can still stay financially stable after the occurrence.

If you do not have any immediate relative that can survive you, you can also opt to declare other common beneficiaries like your:

• Business partners
• Employees; and/or
• Charities

Other are choosing charitable institutions close to their hearts as their beneficiaries to offer and/or extend their help.

How to Find the Right Insurance Policy for Your Needs
Knowing a lot about insurance can be studious especially if you are keen on fully understanding the policy on your own. In order to help you find the right insurance policy that will fit your needs, you have to:

• Research relevant information about the policy you are willing to subscribe to
• Get to know a lot of details about getting a life insurance
• Compare different rates policies have to offer so you can make sure you get the best deal
• Find the right insurance policy that will fit your needs and your budget

Life insurance is payable on a long-term basis. You can pay for it to a maximum 30 years or on a 10-year minimum as per the usual terms. Getting a life insurance will also depend on your current health needs as a person. There are certain health-related questions you need to answer before signing up for your policy.

Making sure that your family and loved ones are protected is very important. At Insurance Services of the West, LLC, we work hard in making sure that our clients are well-protected with policies that they can afford. To learn more about how we can help you, please contact our agency at (425) 681-0996 or Click Here to request a free quote.