Which Type Of Life Insurance Is Right For You?

There are two primary types of life insurance offered to the public. One of the options is term life insurance, which is paid for in advance for a set term. The other is whole life. The whole life policy has premium payments over the course of many years and can be used to borrow money after a set period of time. 

Whole or Term?

Both insurance options have their benefits, but for those who are planning for the future or getting ready for retirement, they may want to consider whole life because it can serve as a savings plan if there is an unexpected expense in the future. The term policy is pretty straight-forward and provides clear terms and conditions before the policy is purchased for a set "term". The whole life policy can be modified and used to build borrowing power against the face value of the policy, usually after 10 years of making regular payments. Many who are approaching retirement age consider this policy to help with unexpected expenses that can crop up in the future.

Find A Top Agency

One of the keys to getting the right type of insurance is to work with an agency with a reputation for delivering exceptional customer service as well as top-rated insurance products. Those who are in the Pomona, CA area who are shopping for life insurance can count on the licensed life insurance agents at THINK Insurance & Financial Services to provide the guidance they need to get protection for those they care about the most. 

Residents of Pomona, CA should call or stop by THINK Insurance & Financial Services today to get the insight they need to make smart insurance policy purchases.