At Reinas Insurance Agency Inc. in Pasadena, CA, we are a locally owned independent insurance agency with a team of experienced agents who are ready and able to answer your questions about life insurance and help you get the coverage that you need to protect the ones you love.
Life Insurance FAQs
What is the best choice, whole life or term life?
Both whole life and term life insurance can have a place in a long-term financial plan. Whole life earns dividends and allows you to save while getting protection. You can borrow against the value if you need to. Term life insurance lasts for a term, most often 20 years and at the end, has no value. It is strictly a death benefit, but it is more affordable, so it makes a good option when you have young children.
Can I have more than one beneficiary?
You can have as many beneficiaries as you want. It is your choice. Be mindful of the fact that if you choose children, they likely won’t be able to collect until they reach legal age in the state where they reside.
Do I need to buy life insurance for my children?
If you want to start your children off with a small policy as a way to save for them or to guarantee that they will be able to purchase life insurance at a later date, this makes sense. It is not, however, necessary.
When choosing your life insurance, keep the premiums in mind no matter why you are purchasing it. It can’t help you or your family if you have to let it lapse because you can’t afford it.
Consult With Us
In Pasadena, CA, you can count on the team at Reinas Insurance Agency Inc. to help you achieve your life insurance goals. Give our office a call today to discuss your needs.
