Senior Benefits (Medicare) Icon

Senior Benefits (Medicare)

We browse through a wide variety of coverages and find the right one for you.
Learn More
Individual & Family Benefits Icon

Individual & Family Benefits

We browse through a wide variety of coverages and find the right one for you.
Learn More
Employee Benefits Icon

Employee Benefits

We browse through a wide variety of coverages and find the right one for you.
Learn More
Home » Life Insurance in Hollister, CA

Life Insurance in Hollister, CA

Life Insurance Information

When securing your family’s financial future, few investments are as significant as a life insurance policy. However, with a plethora of options available, choosing the right one can be a daunting task. To make an informed decision, it’s crucial to understand the types of policies and their suitability for your unique circumstances.

What Is Life Insurance?person holding baby feet

Life insurance is a financial contract in which an individual pays regular premiums to an insurance company in exchange for a lump-sum payment, known as the death benefit, to be given to the policy’s beneficiaries upon the insured person’s death.

Who Needs Life Insurance?

The need for a life insurance can vary from person to person. There are certain situations and individuals for whom life insurance is typically recommended. The following are some common types of people who may benefit from this coverage:

  • Parents with dependents
  • Married couples, especially if one spouse is the primary breadwinner.
  • Working individuals whose income contributes significantly to their family’s financial well-being
  • People who have outstanding debts, such as mortgages, personal loans or credit card debt
  • Business owners

What Are the Different Types of Life Insurance?

The following are the two major categories of life insurance:

  • Term life insurance pays out only if the insured’s death occurs during the policy term, typically between one and 30 years.
  • Permanent life insurance typically pays a death benefit whenever the insured dies. It generally will not expire unless the policyholder stops making premium payments. This coverage can also have a cash value component that may be borrowed against or withdrawn, or the policy can be surrendered for that cash value.

How Does Life Insurance Work?

Most people use insurance to help support their loved ones financially after their death. An insurance policy may provide a death benefit to one or more beneficiaries when the insured person dies in exchange for a monthly, quarterly or annual premium.

Do I Need Life Insurance?

Assessing your circumstances and financial goals is essential to determine if life insurance suits you. Contact Shelton Insurance to help you make an informed decision based on your needs and situation.


Need more information? Click the following link to submit information and we will contact you with more information.

©2024. All rights reserved. | Powered by Zywave Websites

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.