It has never been easier to buy a Los Angeles life insurance policy than it is today. However, it has also never been harder to buy the RIGHT Los Angeles life insurance policy than it is today. The Internet makes it a simple process to ask for and receive life insurance quotes from hundreds of companies within minutes of your request.
Each of these companies will tell you they have the best policy, from the best company and at the best price that you can find. That is until you realize that the quote is based on generic information and has not been specifically tailored to you, your health, your occupation or your habits. Each of these items requires that anyone providing you with a quote for life insurance tell you that these rates are for comparison only and may not be reflective of your actual premium.
Bromberg Insurance Services, Inc. has been providing financial and insurance services to the residents and businesses of Los Angeles since 1965. We understand the busy lifestyle of our friends and clients and respect their need to receive information rapidly.
It is with this in mind that we developed our online quote form and the “Instant Call-Back” box on this page. However, unlike most insurance quotes given online, we attempt to provide you with a personalized insurance plan that fits your needs and the way you live your life. You may contact us using the forms on this page or by telephone in order to speak with a licensed professional agent who understands your needs and can answer your questions.
Life Insurance: Just the Facts
Life insurance can be as simple as filling out 5 to 6 lines of information and being covered very quickly and it can be as complicated as requiring the development of a will, living trust, key man agreement and require the approval of a Board of Directors. But most people fall somewhere in between the very simple and very complicated when it comes to their need to protect their families’ financial future from a sudden and unexpected death.
A Los Angeles life insurance policy will not allow you to avoid either of these two certainties; it can help to prepare your family and your business in the event of an untimely death. Life insurance will never be able to replace a person, but it can replace the financial insecurity that death may cause.
There are three basic types of life insurance and each of these types has hundreds of different variables. The Bromberg Agency’s professional staff is trained to help you determine the type and amount of life insurance for your particular situation.
The first type of life insurance is also the simplest to understand. It is called term life insurance, and is usually designed to cover a specific financial obligation or period of time. Level term pays a certain benefit upon the death of the insured throughout the entire term of the policy.
A decreasing term policy is usually designed to cover the financial obligation that decreases over that period of time such as a mortgage. Term insurance is most often the least expensive way to provide financial protection in the event of the insured’s death.
Whole life insurance is designed to provide insurance for as long as the premiums are paid. Initial premiums are based on age, health, amount of insurance and the expected length of your life at the time the policy is purchased. Whole life insurance programs are often more expensive in the early stages and less expensive as you get older. The death benefit does not change and the insurance program develops into a valuable asset that can be used later in life.
The final broad category of life insurance is called universal life or variable life. It carries a hybrid version of low-cost term insurance and the investment value of whole life at the same time. The difference lies mainly in the underlying investment vehicle in which universal life is invested. In times of economic growth, universal life can provide solid financial security in case of death as well as a sound, yet conservative investment vehicle that will provide additional financial security.
Los Angeles Life Insurance: Your Agent Makes All the Difference
Los Angeles life insurance, regardless of how easy it is to get quoted, is still a complicated and sensitive issue for most people. The Bromberg Insurance Agency understands the personal nature of this work and can provide you with sound insurance and financial advice ensuring your family is protected in the event of an untimely death. Give us a call today: (310) 826-0093