Life Insurance

Maksurance in Huntington Beach, CA offers plans from top-rated life insurance carriers who will be there when you need them.

We offer plans from top-rated carriers who will be there when you need them.

Consider what your loved ones’ needs are when looking to invest in life insurance:

  • Do you need temporary or lifelong coverage?
  • What’s your budget?
  • What kind of expenses will your loved ones need to be covered after your passing?

What Policy Is Right for Me?

Term Life Insurance

Term life insurance, sometimes known as pure life insurance, ensures payment of a predetermined death benefit if the insured individual dies during a defined term. When the term expires, the policyholder has the option of renewing the policy for another term, converting the policy to permanent coverage, or allowing the term life insurance policy to lapse.

  • Temporary coverage is provided for 10-30 years, depending on the plan
  • Cost-effective
  • Great for young families and situations where only temporary relief is needed

 

Permanent Life Insurance

Permanent life insurance is an umbrella phrase for non-expiring life insurance coverage. Permanent life insurance often includes both a death payout and a savings component.

  • Policy never expires
  • Full protection, whenever and wherever
  • There are two subtypes:
    • Universal Life Insurance
      • Universal life (UL) insurance is permanent life insurance (lasting the insured’s lifetime) with an investment savings component and low premiums akin to term life insurance. The majority of UL insurance products include a flexible-premium option. Some, on the other hand, need a single premium (a single lump-sum payment) or fixed premiums (scheduled fixed premiums).
    • Whole Life Insurance
      • In exchange for regular, level premium payments, whole life insurance assures payment of a death benefit to beneficiaries. Along with the death benefit, the policy provides a savings part known as the “cash value.” Interest can be accumulated on a tax-deferred basis in the savings component. Growing cash value is an important aspect of whole life insurance.