We know it can be a daunting task to figure out the right amount and the right type of life insurance. The best approach is a free personal consultation. At Susan
Polk Insurance Agency, our life insurance specialist is Teana Fredeen. Please call Teana at (805)
548-8413, or send her an e-mail.

Term Life Insurance
Term life insurance provides protection for a specific period of time. If the policy is still in-force, a death benefit is paid to the beneficiary if the insured dies within the specified period of time. At Susan Polk Insurance, we offer level premium term life insurance.

Level premium term life insurance has premiums which remain level over a specified period of time, with the option of choosing a period of 5, 10, 15, 20, 25, or 30 years. After the initial level period expires, the annual premium increases yearly, up to a guaranteed maximum.

Whole Life Insurance
Whole life insurance is permanent life insurance, thus providing protection for life. As long as premiums are paid, a death benefit is paid to the beneficiary. Premiums for these types of policies are designed to remain level over time. Whole life insurance policies are valuable because they provide permanent protection and accumulate cash values that can be used for emergencies or to meet specific objectives.

Universal Life Insurance
Universal life insurance is also permanent life insurance, with a death benefit paid to the beneficiary. These policies differ from whole life insurance policies in that they offer the policy owner some flexibility to change the premium payments and death benefit. The death benefit may be increased or decreased based on insurability, and the premiums can also be increased or decreased or even skipped. Universal life insurance policies may be purchased with one of two different death benefit options: a level death benefit or an increasing death benefit. Although premium payments are flexible, a universal life policy will usually have a target premium which is the suggested annual premium payment.

Universal life insurance policies are valuable because they can provide permanent protection and accumulate cash values that can be used for emergencies or for meeting specific objectives. For those who prefer flexibility, universal life insurance provides more options than whole life insurance.