Life Insurance
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A Local Life Insurance Agent You Can Trust
Types of Life Insurance
At Martinez Insurance, we partner with some of the best life insurance companies in the industry. As your insurance broker, we strive to find you the perfect life insurance policy for your current situation. With a wide range of insurance options available, you can rest assured that protection is only one call away.
Life insurance may be one of the most important purchases you'll ever make. In the event of a tragedy, life insurance proceeds can help pay the bills, continue a family business, finance future needs like your children's education, protect your spouse's retirement plans, and much more. If you're considering securing you and your family’s financial future, we would be happy to review your current situation and offer a few ideas on how you can protect it!
TERM INSURANCE
Term Insurance is the most affordable type of insurance when initially purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage. As one of the best life insurance policy options, most individuals will be better off by purchasing this option throughout their lifetime.
FINAL EXPENSE
Loans, credit card debt, estate costs, the funeral... most people leave behind unpaid expenses when they die, expenses that, if left unattended, burden their families tremendously. Final expense coverage is life insurance that pays off these debts, ensuring that everything will be taken care of if you pass. We are proud to offer final expense insurance through some of the best life insurance companies, ensuring that your family stays protected no matter the type of expenses you leave behind.
UNIVERSAL LIFE
Universal Life Insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly. If you are interested in learning more about this type of life insurance policy, our team would be more than happy to break down your options.
WHOLE LIFE
Whole Life Insurance is a life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against. As the most basic form of cash-value life insurance, whole life insurance is a way to accumulate wealth as regular premiums pay insurance costs and contribute to equity growth in a savings account where dividends or interest is allowed to build-up tax-deferred. Whole Life is one of the best life insurance policies as evidenced by how popular it is for insurance holders. Our team is happy to break down your options at no cost!
If you are interested in partnering with Martinez Insurance to find the perfect policy, rest assured that we work with the best life insurance companies in the industry. No matter the type of life insurance you strive to purchase, we will help you understand your policy to help you feel fully comfortable with your choice. Get in touch with us at 786-306-5090 today!
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