Los Angeles, CA, Dec. 26, 2013 (GLOBE NEWSWIRE) -- Sofi Insurance Services is now offering free quotes for life insurance with
cash value. Life insurance is designed to provide individuals
and families with the critical financial protection they need. The
expenses after the death of a loved one can be extensive and may
include not just the costs of the funeral but costs associated with
reduced income, children's education and other bills. Their skilled
Los Angeles life insurance agent can help people find the best
whole life insurance, universal life insurance or other life
insurance policy for their needs.
Many types of cash value life
insurance policies are available today. This allows people to
enjoy more options and versatility, but it can also complicate the
process of buying insurance. The experienced
Los Angeles life insurance broker at Sofi Insurance Services
can make it easy. With the assistance of a broker, people can
quickly evaluate available plans and locate those that most closely
align with their personal needs and goals. Visit http://www.lifeinsurancewithcashvalue.net
for more information.
Cash value plans are designed to provide all the benefits of
traditional life insurance plans with the benefits of a
tax-deferred savings plan. The premiums, which can be paid monthly,
quarterly, annually or even just once, are then used to pay the
costs of the policy and the death benefits while a portion is set
aside into a tax-deferred savings account. Premiums remain the same
throughout the life of the policy and allow for easier budgeting.
This type of policy has no specific term but instead remains in
effect until the policy is cancelled or the policy owner
dies.
The cash value of a universal or whole life policy grows over time.
If the policy is cancelled, the amount it pays out will vary based
on the value of the policy. Interest may be re-invested, or it may
pay out according to a specific schedule.
Many different life insurance plans are available to meet the
unique needs of individuals and families. Because the options can
be complex and confusing, the assistance of a skilled broker can be
invaluable. Sofi Insurance Services provides extensive assistance
to those who are looking for insurance and can provide them with
the information they need to make the best choices for their
needs.
Press Release by http://www.avitalweb.com