We hear about insurance every day. Many of us in San Diego are caught between the decision of choosing between whole life insurance and term life insurance. Definitely, you have to make the best decision for your loved ones as well as your beneficiaries. So how are you going to go about it? First, let us begin by learning about what these terminologies mean as well as adequately differentiating between these two famous types of life insurance. Fundamentally, life insurance in San Diego on its own is a very flexible financial instrument that can serve a multiplicity of financial goals depending on what you want for your beneficiaries. This stretches all the way from leaving behind a legacy...
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What's better? Term or whole life insurance? A t 28 years, the only savings that Manish had was his fixed deposit which too would be used up for his marriage that is just three months away. Like most youngsters, Manish was confused about his post-marriage financial security. His friends and well wishers urged him to first take up an insurance cover for him. But Manish was caught between the choices of a term insurance and a whole life insurance. So how does Manish choose between the two? What are the pros and cons of each of these products? Term insurance is considered the cheapest plan available in the market. Also called term policy it is a pure protection plan and basically designed to...
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A peace of mind - this is what life insurance can offer by protecting and providing for our dependents should anything unfortunate happen. A must-have for when we start a family or have dependents, life insurance is an integral part of our protection portfolio that is not to be missed. To start planning for your protection, it is important to first determine how much coverage you lack. The next step would then be to decide on the type of life insurance of adopt. However with both term and whole life insurance available, do you know which would be more suitable? In this article, we share the 3 key considerations that you should have when deciding between term and whole life insurance. #1...
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Overview Term life insurance provides temporary protection for a set period of time. Permanent life insurance provides permanent protection and involves an internal savings component. The best choice for you depends on a variety of factors. Your answers to the following questions can help you select the best path. Is the need for coverage temporary or long term? When there is a temporary need for life insurance protection, term coverage may be appropriate. If the need for insurance coverage is estimated to last a lifetime, a life insurance professional may recommend a long-term option. Are you interested in a tax-efficient savings component or simply insurance? Permanent life insurance...
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Most people find us on the web and already know what they want. You might have heard that it’s best to buy a 20-year or 30-year term policy and now you are checking out rates and carrier ratings. Other people want to do some homework and check out all their options. You might have some questions and want to know is term or permanent life insurance better. We understand that purchasing life insurance is a long-term commitment. It makes sense to take all the time necessary to select the right type of plan and the right amount of coverage. You might have looked to some experts for their opinions on life insurance and found conflicting opinions. We want to help bring some clarity to...
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We at Kennedy Financial & Insurance Services Inc. understand that life insurance can be confusing. When you hear terms such as “term life insurance” or “whole life insurance,” it isn’t always clear which one you should choose. Today, we would like to give you an overview of these two popular insurance types so you can decide which plan fits best into your lifestyle. What is the Difference? Regardless of whether you want to purchase whole life or term life insurance, it’s important to understand that this is a personal decision that will lie solely on the financial needs of your beneficiaries. Here are some of the main features of each type of policy. Term Life Insurance Term life...
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