Life
Centro Hispano understands that you need a team of dedicated and reliable agents to help you secure yours and your family's financial future. Perhaps one of the most difficult challenges in the estate planning process can be attributed to purchasing life insurance. There are as many options for life insurance policies as there are life insurance companies, not to mention the myriad of policy "extras" to take into consideration when purchasing a policy. Call us today!
FAQs
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Life insurance is a contract between an insurance policy holder and an insurance company, that upon the passing of the policy holder, the insurance company pays a certain sum of money to individuals selected, family or other beneficiaries.
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Enough for your family to live comfortably without what you provide financially. You’d also want to consider inflation over time. To estimate how much life insurance you’d need, calculate everything you now provide for your family such as salary, benefits/health insurance, 401(k) and retirement saving, personal services such as childe care and cooking, then subtract your personal expenses such as food and clothing.
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The average cost of life insurance is between $40 and $55 a month. A number of factors go into this such as:
Age
Sex
Height & weight
Health status
Family medical history
Your driving record
Your occupation and lifestyle
The older you get, the more expensive life insurance is. Additionally, the type of coverage you choose will also impact your premium. Term insurance usually has lower rates, while rates for permanent policies are typically higher.
