Each New Year is an excellent opportunity to reflect on life, learning and your hopes and wishes for your family. Many people are concerned about how their families would cope if they were no longer around. Life insurance in CA can help provide peace of mind that your family would be supported in your absence.

Finding the right type and level of life insurance can be a complex business. In recognition of this, the California Department of Insurance has developed a handy guide which aims to help consumers navigate their way to an appropriate package.

It explains that the first step is always to define your needs and what you can afford to pay by way of premium. This means considering:

• Family circumstances – including marital status, dependents and how much it might cost to support family members including future education needs;
• Your assets such as investments;
• Debts and how much it might cost to make sure they are discharged;
• Income and whether this is likely to increase or decrease in the future;

With a clearer idea of needs and how much you want to pay, it’s time to consider the type of policy you want. There are a number of options when it comes to life insurance in CA and it can be difficult to interpret the terminology and weigh up the options on your own. Our agents are happy to take the time to explain the options and assist you in applying for coverage.