Life insurance provides individuals with the peace of mind knowing each of their loved ones are protected. Without a life insurance policy, you leave your loved ones’ futures up to chance. A life insurance policy will ensure that your final wishes are carried out through and that each beneficiary is able to continue their current standard of living.
We understand how complex acquiring a Life insurance policy can be, which is why we are here to lend a helping hand and guide you through it all while educating you in the process. In the beginning, you will want to decide whether or not you will be purchasing a term life insurance policy or a whole life insurance policy.
At Felix Insurance Agency, we understand how delicate finding the right life insurance policy can be. Allow us to formulate a unique life insurance policy for you that provides each of your loved ones with the protection and coverage they deserve.
If you would like to know the type of protection you could get, please sign up for a quote here:
Types of Life Insurance we offer:
Whole life insurance policies, also known as permanent life insurance policies will provide individuals with a lifetime guarantee of protection. These premiums may be more costly than term life insurance policies, but that is because it offers far more protection. A majority of individuals even choose to take advantage of their whole life insurance policy as an investment tool as it will accumulate cash value over the years.
Term life insurance policies act as protection guarantees where premiums remain the same for a stated period of time, generally for 10, 20 or 30 years. This is an alternative option to permanent life insurance which allows individuals with financial restraints to protect their loved ones at a more affordable rate.
Resembling whole life, universal life is permanent insurance that may also accumulate a cash value. It offers more flexibility though. You can accommodate a policy to meet priorities with flexible premiums and face amounts. Universal life also offers you more control over how rapidly your cash value grows for a variety of purposes while you're still living.
How Much Coverage do I need? :
When you choose Life insurance coverage, it’s very important to consider your family’s immediate and future financial needs. Estimate how much life insurance you may want with financial and personal factors such as:
- 1. Debt
Do you have credit card balances, car payments, lines of credit, or any other debts in your name?
- 2. Income
How much money would your family need to continue living day to day without you and for how long?
- 3. Mortgage
How much would your family need to pay off the remaining balance due for your mortgage if you were no longer living?
- 4. Education
Do your children take part in public or private school? Do you plan to help them pay for college and any debts that they incur while going to school?
As everyone’s needs are different, you may also have other key considerations, such as your age, marital status, charitable giving, dependent relatives, end-of-life medical expenses or funeral costs.
Alexander Felix Insurance Agency
807 S Gaffey St
San Pedro, CA 90731
CA Producer LIC 6005348
IL Non Resident Producer LIC 18660369