Westlake Life Insurance
Monique Navarro is an independent insurance agency that specializes in helping customers obtain life insurance policies with excellent coverage. As an independent agency, we have access to many of the top insurance providers in Westlake, so our customers can get an excellent policy with the lowest rates.
Contact us today if you’re interested in finding low cost life insurance but aren’t sure how to get started. Our staff is highly trained and committed to helping you find the right life insurance policy with the right amount of coverage.
Our team can assist you if you’re interested in purchasing term or whole life insurance. We can also assist you if you want to purchase a universal life or final expenses policy. Our agency is locally owned and operated so that we can serve you better. We’re also licensed, bonded, and insured.
Whole Life Insurance
A whole life insurance policy is permanent insurance that lasts for the policyholder’s lifetime. When the policyholder dies, the policy pays out the death benefit, which provides a significant financial payout to the beneficiaries.
As a whole life insurance policy in Westlake matures, it will begin to build cash value, which can be accessed if the policyholder needs to pay off debts or get emergency funds.
It is also important to note that whole life insurance policy premiums are not subject to inflation, nor will the death benefits decrease over time. The policy premium is based on the policyholder’s age, health, and payout amount.
Term Life Insurance
Unlike with a whole life insurance policy, when you have a term life insurance policy, the death benefits are paid to beneficiaries only if a policyholder dies during the term of the policy. In most cases, the insured will outlive the term of the policy. Term life insurance policies can be purchased anywhere from one to 30 years.
The purpose of term life insurance in Westlake is to provide financial protection in the event that the policy owner unexpectedly dies. These policies do not have a cash value, but some of them do offer a premium return or cash back option that returns a percentage of the premiums paid to the policyholder. Term life insurance policies are usually the best option for low cost life insurance.
Universal Life Insurance
Universal life insurance policies in Westlake are similar to whole life insurance policies. These policies have the added benefit of flexible ways to make premium payments. The premiums can be paid with interest earned on the policy, so the policyholder may be able to pay a lower premium.
A UIL life insurance policy also allows the policyholder to adjust the death benefit. Most policies allow a policyholder to increase coverage, but an optional universal life insurance policy also allows them to decrease coverage. This is beneficial because as the policyholder ages, they may not need as much of a death benefit as they did when they were yonger.
Final Expenses Life Insurance
Also known as burial insurance, final expenses life insurance covers burial costs, medical bills, legal fees, and other expenses associated with the policyholder’s death.
It is more common for people who are 50 years old or older to purchase final expenses life insurance. Many of these policies do not require a medical exam.
To get a no-obligation life insurance quote, call Life Insurance by Monique Navarro at (682) 249-4190 today.