Life insurance is an investment
It can provide income and financial protection for the insured during death and in the event of death
Life insurance is provided by an independent insurance company, can be customized according to the needs of the insured, and offers a wealth of investment and tax benefits. Life insurance has a variety of different insurance plans, including conventional, whole, investment, and term insurance. In addition, the insurance can also be provided to the entire family member, ensuring wider coverage.
Universal Life Insurance (UL)
Universal life (UL) is a type of permanent life insurance characterized by flexible premiums and an adjustable death benefit. After the initial payment, a policy owner can increase or decrease premiums at any time, subject to certain restrictions. UL coverage will continue as long as there is sufficient cash value in the policy to cover the monthly insurance charges.
The cash value account in UL earns a current interest rate that is adjusted periodically by the company based on market conditions, and is generally guaranteed not to fall below a minimum rate specified in the policy.
Whole Life Insurance
The death benefit of a UL policy may be increased or decreased. Increases usually require evidence of insurability.
Whole life is the original type of permanent insurance. Provided premiums are paid as specified in the policy, whole life remains in force for the entire lifetime of the insured. Premiums are paid periodically, and generally remain level and constant over the life of the contract.
The cash values of a whole life policy are typically guaranteed as stated in the contract.
How much
Life Insurance do I need?
You make the decision!
We provide valuable information to consider in the process - You make the decision! The purchase of life insurance is a critical step in your overall financial planning process. Let us provide assistance in determining what products are best suited for you and your family's needs, the advantages of each of the life insurance products, tax advantages of life insurance products, as well as continuous analysis of your life insurance products as your needs change
An insurance company that you can trust
Whatever your profession, we have you covered
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Topco Insurance Agency Inc
9250 Reseda Boulevard #11, Northridge
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Working with Bing Bing from TopCo Insurance Agency has been an absolute pleasure. My elderly dad recently had an auto accident, and I was uncertain how to handle his insurance claim. After contacting Bing Bing at the Northridge Office, … More she took the time to understand my unique needs, and then patiently assisted my dad in completing the accident fact-finding report. In today’s complicated insurance environment, having an advocate to walk my Dad and I through this difficult process is exactly what we needed. I greatly appreciate Bing Bing and her team of skilled professionals for providing us with such top-notch service.
