Life Insurance in Orange County, CA

Financial advisors recommend life insurance as an important part of sound financial planning. ERM insurance brokers has experts who can help you choose the insurance policy that is right for your individual situation.

Life insurance can be very important in the following situations:

  • Replace income for dependents
  • If loved ones depend on your income, life insurance can provide that income for them if you die. Usually parents with young children purchase life insurance. However, couples and dependent adults can also benefit from life insurance. Insurance to replace your income can be especially useful for your dependants.

  • Pay final expenses
  • Funeral and burial costs, probate, estate administration costs, debts, and other medical expenses can be significant. Life insurance can reduce the burden felt by your family to pay these expenses.

  • Create an inheritance
  • Even if you have no other assets, you can create an inheritance by purchasing a life insurance policy and naming your heirs as beneficiaries.

  • Pay federal and state “death” taxes
  • Life insurance benefits can also pay estate taxes. Changes federal and state death tax laws may increase the amount of taxes owed.

  • Make a charitable contribution
  • If you name a charity as the beneficiary of your life insurance policy, you can contribute more than the cash equivalent of the policy’s premiums.

  • Create a source of savings
  • Some types of life insurance have a cash value. If the insurance is not paid as a death benefit, it can be borrowed or withdrawn. Buying a cash-value type policy can create a type of savings plan.

Term & Whole Life Insurance

There are two main types of life insurance: term and whole life. Term Insurance is the simplest form of life insurance. It pays only if death occurs during the term of the policy, which is usually from one to 30 years. Most term policies have no other benefit provisions. Whole life or permanent insurance pays a death benefit whenever you die—even if you live to 100!

Learn More About Life Insurance

To learn more about life insurance, click on one of the articles listed to the right, or speak to one of our experts at (949) 222-0444