Life insurance is an important type of insurance, the purpose of which is to protect the livelihood of your dependents after you pass away. However, life insurance still remains an intimidating topic and not everyone wants to discuss it. Voi Insurance Solutions LLC serving Glendale, CA prepared a list of the questions and answers, so you can understand better how this insurance works.
What Are the Two Types of Life Insurance?
There is temporary and permanent life insurance. Temporary life insurance provides coverage only for a certain number of years – usually no more than 30 years. Permanent life insurance is different – it provides a death benefit upon the death of an insurer – no matter how long an insured person lives. In most cases, permanent life insurance is more expensive than temporary one.
How Much Does a Life Insurance Policy Cost?
First, the cost of life insurance depends on the type of insurance. There are also other factors that have an impact on the cost of insurance. They are your age, gender, medical status, lifestyle, and some others. As has been mentioned above, permanent life insurance policies are usually more expensive than temporary insurance.
Does Life Insurance Require a Physical Exam?
Yes, in most cases, a physical exam must be completed prior to the insurance plan going into effect. Most likely, it will have to be done at your own expense by an approved physician.
Voi Insurance Solutions LLC – Get Life Insurance To Protect People You Love
If you are a resident of Glendale, CA or any other nearby town, and you are interested in purchasing a life insurance plan, our insurance company is ready to help you. Client satisfaction is our main priority, so we always make sure that you get the insurance that you need – based on your needs, requirements, and budget. Do not hesitate to give us a call if you have any questions.