Life Insurance Solutions for All

Making the decision to purchase life insurance is a wise investment for your family’s future. Life insurance provides you with peace of mind, and it provides financial security to your family in the event of your death. If you purchase a policy, you, as “the insured,” make premium payments into a policy over time, and when you pass away, the insurance company pays a “death benefit” to your beneficiaries to help them recover from any financial losses. There are many types of life insurance policies for different needs. The insurance professionals at Larry Fu Insurance Agency can help you find the right policy for you and your family. We offer these and other insurance solutions for clients in Alameda, Berkeley, San Francisco, and San Leandro, California. Read on below and contact us when you’re ready to get started.

Term Life Insurance

The two main divisions of life insurance are term and permanent. Term life insurance is life insurance with a time limit. Term policies promise a payout to beneficiaries if the insured dies during a set period of time, usually 10-30 years. The insured makes regular premium payments during the coverage period. If he or she dies during the term, the policy pays out a predetermined lump sum to the beneficiaries. If the insured does not die before the term ends, he or she may be able to purchase continued coverage, but usually at a much higher rate. Term life insurance policies are more affordable than permanent solutions, but it’s important to carefully look at how long of a term you think you will need before choosing this type of policy.

Permanent Life Insurance

Permanent life insurance policies are – as their name implies – permanent. These policies pay out a death benefit regardless of when the policyholder dies. They are costlier than term life insurance policies but offer greater security.

There some common types of permanent life insurance: universal, whole, and variable life insurance.

  • Universal life insurance policies require that the insured must maintain a minimum level of premium payment throughout the year, but those payments can vary month over month as needed.
  • Variable life insurance policies are invested by the insurance company, which can be profitable for the insured, but is risky in case the investments do not do well.
  • Whole life insurance policies have fixed premium and cash value that slowly accumulates over time. They have less earning potential than variable policies, but they are more predictable.

We’re Here to Help at Every Step

The team at Larry Fu Insurance Agency helps clients in Alameda, Berkeley, San Francisco, San Leandro, and nearby California find the right insurance policies for you and your family. Our agents offer the one-on-one attention you deserve. We’re here to help you find and choose a policy and to support you throughout the life of the policy and support your family when you’re gone. We offer a full spectrum of term and permanent life insurance policies to suit your needs. Contact us to get started.