- WHAT YOU SHOULD KNOW
Life insurance comes in two main types: term life and permanent life. Term life provides coverage for a specific period, while permanent life offers lifetime coverage and potentially builds cash value over time.
It’s not just a death benefit — it’s a financial tool. It can cover debt, income replacement, has living benefits, education for kids, or build legacy. There are types (term, permanent) and they serve different life stages and goals.
WHAT CAN LIFE INSURANCE DO?
TERM LIFE INSURANCE
Coverage: Provides a death benefit for a specific term (e.g., 10, 20, or 30 years).
Cost: Generally less expensive than permanent life insurance.
No Cash Value: Doesn’t build cash value or savings.
Renewability: Some term policies can be renewed after the term expires, though premiums may increase significantly.
Living Benefits: Terminal illness, critical illness, and accelerated death benefit
PERMANENT LIFE INSURANCE
Coverage: Provides lifetime coverage and also builds cash value.
Types: Includes whole life, universal life, index universal life, final expense insurance, and guarantee issue.
Cash Value: The cash value component can be used for various purposes, like loans or withdrawals.
Cost: Generally higher premium than term life insurance but better value due to the coverage and cash value features
Living Benefits: Terminal illness, critical illness, and accelerated death benefit
CONTACT US
Better yet, see us in person!
We love our customers, so feel free to visit during normal business hours.
John Minasyan: Life Insurance Agent
815 S Central Ave suite 29, Glendale, CA 91204, USA
Hours
Monday to Friday 9:00AM – 6:30PM
Saturday, Sundays, and after-hours, by pre-set appointment only!