Life Insurance

Male hand putting coin into a piggy bank

Life Insurance: A Key Part Of A Sound Financial Plan

Get peace of mind, knowing you’ve helped protect your
loved ones.

It is never too early to plan ahead. Life is unpredictable and we don’t want our loved ones to be abandoned if something were to happen. By having life insurance, you can ensure that your family’s way of life will be preserved after you are gone.

After death, there are still debts, expenses, and estates that need to be settled. Don’t leave your loved ones with your financial burdens. Find a life insurance plan that works for your family. Our agents will develop a life insurance plan with you that will maintain adequate funds for the future of your family. Help preserve their dreams and prospects by choosing a life insurance policy.

David Ernstam Financial & Insurance Services offers term life insurance policies and two types of permanent life insurance policies to meet your needs:

Term life insurance is often the most affordable coverage because it offers protection for a specific number of years. You may want to purchase a term life insurance policy if you want to:

  • Get maximum coverage at an affordable price
  • Cover specific financial responsibilities like a mortgage or college expenses
  • Supplement your permanent life insurance during years when your expenses are higher, like when you have children or other dependents at home

Whole life insurance is a form of permanent life insurance, whole life insurance features guaranteed premiums, death benefits, and cash value. Whole life insurance policies also give you the potential to receive dividends, which can increase the value of the policy when the insured is living or provide an increased death benefit for your beneficiaries.
You may want to purchase a whole life insurance policy if you want:

  • Protection for life
  • Payments that stay the same each year
  • To be able to put additional money into the policy on a tax-favored basis
  • Cash value you can use while you are living

Universal life insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances.

  • For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly.

We service areas within Yuba City, Roseville, Sacramento, Auburn, CA and the Greater Sacramento area. To find out more, get in touch by visiting our contact page and filling out the form or call us at (530) 751-1212.