California Overview

Top 10 Largest Cities

April 8, 2011

Affordable Universal Life Insurance Policies:

This life insurance policy is often referred as permanent or cash-value insurance policy and is based on cash value. A universal life insurance policy in California combines death benefits with a cash value or savings component that is reinvested and tax deferred. In this policy, the savings amount is accumulated over the duration of the insurance policy and can be cashed in at some point in the future. In addition, as a universal life insurance policy is a permanent policy, it will require you to pay a certain amount as penalty if you choose to terminate the policy before the contract ends.

California or "The Golden State"; is located on the western coast of the US and offers a vast arrary of Life Insurance Companies. It is the most populated and third-largest state in the USA. It accommodates 8 of the 50 most populated cities in the US. It was one of the most linguistically and culturally diverse regions in the pre-Columbian North America. It was during the early 20th century, with the completion of major transcontinental highways, such as Route 66 and Lincoln Highway that the migration to California increased substantially.

If you stay in California and are planning to purchase a life insurance policy, you need to be aware of the California life insurance laws and the types of life insurance policies existing in California.

Following are different types of California life insurance policies:

• Term "Affordble Life Insurance" Policy:

  As the name suggests, this type of lifer insurance policy offers insurance coverage at a fixed rate and for a certain limited period. It is the most basic and preferred type of life insurance policy in California. It provides protection for possibly debilitating injuries and accidental death for a certain specified period. In case you or any of your beneficiaries fail to make any claims during the term of the term life insurance policy, the policy will expire worthless. The price of this insurance policy increases with the advancement of age and increasing risks that accompany. Hence, it is recommended that the term life insurance should be bought in the early stages of life, when the risk of death is comparatively low.

  As per this life insurance policy, coverage at the previous premium rates is no longer guaranteed once the insurance period expires and you need to either entirely forego the coverage or acquire further coverage with different payments or/ and conditions.