Life Insurance Services in California

  • Term Insurance
  • Level Coverage
  • Return Primer Rider
  • Disability Coverage
  • Child Rider Coverage
  • Whole Life
  • Universal Life
  • Cash Accumulation
  • Critical Illness
  • 48 hrs. Approval (in some cases)
  • Up to $400,000 Non-Medical
  • Pre-existing Health Conditions Ok
  • Immigrants Residents Welcome
  • Traditional Level Term

Whole Life

Similar to term, but you purchase the policy to cover your whole life, not just a set period. With Whole Life insurance, Premiums remain level throughout the life of the policy, and the company invests at least a portion of your premiums.

Universal Life

With Universal Life insurance, you pay a minimum premium and then are allowed to decide how much you want to put in over and above that amount. The company chooses the investment vehicle, which is generally restricted to bonds and mortgages. The investment and the returns go into a private account, which you can use against premiums or allow to build.

With some policies, sometimes called Type I or Type A, the account goes toward the face value of the policy on the death of the policyholder.

With a second variety, sometimes called Type II or Type B, the beneficiary receives the face value of the policy plus all or most of the account.

While Type II is meant to provide a partial hedge against inflation, it demands higher premiums as you get older than Type I.

A variation of a universal policy, often called universal variable life, allows policyholders to choose investment vehicles.

Variable Life

With a variable policy, there is usually a wider selection of investment products, including stock funds. As with a universal policy, returns on investments can offset the cost of premiums or build in the account. And depending on the type of policy, the beneficiaries will either receive the face value of the policy or the face value plus all or part of the cash account.

Business Life Insurance

  • Key Person Insurance
  • Buy-Sell Agreements
  • Gift & Charitable Insurance Plans
  • Executive Bonus Plans
  • Split Dollar Life Insurance

Life Settlement:

What is a Life Settlement?

A life settlement is the sale of an existing life insurance policy to a third party for more than its cash value but less than its death value.

Why Should You Consider a Life Settlement?

There are many reasons why selling your policy could be a wise financial choice.

  • Current policy premiums have become a financial burden
  • The primary beneficiary has predeceased you
  • You have gone through a divorce
  • Other insurance may be more appropriate
  • Your estate tax liability has changed
  • Your business insurance needs have changed
  • You need funds today to help your children financially, to pay for the high costs of health care, or to take that dream vacation

Speak with a qualified financial professional if you are unsure if a life settlement is appropriate for you.

  • Policy must be beyond 2 year contestability period
  • All policy types are accepted
  • (Universal Life, Whole Life, Convertible Term, Second to Variable UL, Premium Finance)

What Determines the Value of My Insurance Policy?

Generally, there are several important factors which determine what the offer range will be for your current policy. They include your health status, premiums, age, and policy type.

Windfall Insurance works with multiple institutional funders to obtain competitive quotes. Our expertise and experience allow us to negotiate effectively on your behalf so you receive the highest offer possible.

The Life Settlement Process

Application

  • Complete and submit application and authorization to release medical records
  • All information kept strictly confidential
  • No new exam required

Negotiation

  • Institutional funding companies a submit competing bids for your policy
  • Our experts manage process and negotiate with funders to obtain highest offer

Acceptance

  • Highest offer sent to your financial professional for review with you
  • Offers are non-binding
  • Offer is accepted or rejected

Closing

  • Upon acceptance, closing documents sent to you for completion
  • After closing documents submitted and processed, you receive your settlement proceeds
  • 15-day right of rescission period after signing the closing documents during which time you cancel settlement transaction for any reason and retain your current policy

When calculating how much life insurance you actually need, there are many factors to consider and no family is exactly the same.

This is where Asurea comes in. Asurea is your Simple Solution to this very complicated question.

Read about all of the factor's you need to consider here:
How Much do I Need?

More Simple Solution Posts

Single? Life insurance is for you!
5 Misconceptions Exposed!

Permanent Life Insurance

You have heard of Life Insurance, but do you know what Permanent Life Insurance is?

Some highlights:
It builds cash value; it can't be cancelled; the monthly premiums will never increase.
Learn more here: 5 Facts You Need to Know about Permanent Life Insurance

Don't Use That Water!
Downsizing

Life Insurance benefits while you are still alive? Yes!
Mo Biltagi, Area Manager for Asurea San Diego, recently helped a client with just this.

Read more about how Mo's client was diagnosed with cancer just 2 days after Mo delivered his policy.
Diagnosed with Cancer


Over 50 Insurance Carriers Across the Nation!