Life Insurance by Monique Navarro is an independent insurance agency specializing in getting our customers great life insurance coverage. With our independent status, we can work with many insurance providers in Westworth Village to get customers the most affordable rates.
Our well-established and reputable agency is licensed, bonded, and insured. All of the staff members at our agency are highly trained and dedicated to helping you pick the right life insurance policy for you.
Don’t hesitate to contact us if you need help understanding the different types of life insurance. In addition to whole and term life insurance policies, our team can assist you in selecting a universal life or final expenses life insurance policy.
A whole life insurance policy is permanent and lasts throughout the policyholder’s life. At the time of death, the policy will pay out the death benefit to the beneficiaries of the insured. The payout is meant to provide the beneficiaries with significant financial support.
Whole life insurance in Westworth Village also builds a cash value over the policy’s lifetime. The policyholder can access this cash value to pay off debt or for emergency needs.
Additionally, with whole life insurance, the premiums won’t increase, and death benefits won’t decrease. The policy’s premium is determined by several factors, including a policyholder’s age, health, and the policy payout amount.
Term life insurance policies are not permanent policies, they are designed to last for a set amount of time. In the event that the policyholder passes away during the policy term, the beneficiary will receive the death benefit; however, the policyholder is likely to outlive the policy term. Term life insurance policies can last for up to thirty years.
Term life insurance in Westworth Village is most commonly used to cover the financial needs of the beneficiary if the policyholder dies suddenly. The policy does not have a cash value, but it can offer a premium return or cash back option, which returns a percentage of the premiums paid to the policyholder at the end of the policy term.
These policies are usually the least expensive option for life insurance because they expire. If you have a term life insurance policy but want to extend your coverage, you can convert your policy to a whole life policy. Some term life insurance policies can also be extended at the end of the policy.
A universal life insurance policy in Westworth Village can be compared to a whole life insurance policy, but it’s much more flexible. The premiums can be paid with the policy’s interest earnings so that the policyholder can potentially reduce their payments.
Unlike most policies, universal life insurance policyholders can adjust their death benefits. For instance, most policies do not allow the death benefit to be decreased, but with universal life insurance policies, a policyholder can decrease their death benefit and lower the premium amount.
A final expenses policy in Westworth Village is an insurance plan that pays for the financial end-of-life expenses of a policyholder, such as medical bills, legal fees, and burial costs. Final expenses life insurance also called burial insurance, does not require the policyholder to undergo a medical exam.
Get your free life insurance quote by calling Life Insurance by Monique Navarro at (951)710-0799.