Life Insurance
The concept of life insurance is steadily gaining recognition among people from all walks of life. Given the unpredictable nature of death, people feel worried about how their dependents will cope after they are gone.
At the RHJ Insurance Agency, we understand your concern. We offer a wide range of life insurance products that are both affordable and reasonable. We have always taken pride in serving residents of Southern California and beyond.
Life Insurance policies
Life insurance policies are always designed to accommodate the various needs and desires inhibited by the existing clients and the prospects. This is confirmed by the various types of life insurance policies that exist. The commonly known types are:
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Whole Life Insurance
This policy is generally designed to pay a sum of money to the named beneficiary when the policyholder dies.
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Universal Life Insurance
The major difference between this insurance and whole life insurance is the aspect of flexibility. Universal life insurance provides room for making adjustments in premiums and death benefits.
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Variable Universal Life Insurance
This policy is ideal for individuals who are fascinated by investment. It allows the cash value account to be invested in stock funds.
Before you decide on which life insurance policy you want, consider taking the following factors into account. They can help in settling for an option that suits your requirements.
​Before you decide on which life insurance policy you want, consider taking the following factors into account. They can help in settling for an option that suits your requirements.
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State of health
The risk involved in covering a person who is not healthy is quite high. Most life insurance companies would have fewer insurance options for a person with health issues than a healthy person.
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Duration of need
Not everyone wants a life policy covering them for a lifetime, like a whole life insurance policy. Some need products that can mature after a specified period, and an example of such a policy is Universal Life Insurance.
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Budget
It is always advisable to operate within your budget. Signing up for insurance policies that are expensive to furnish can be quite stressful. Stick to a budget that is affordable through your income.