Life insurance can give your loved ones financial support after your death. A certain amount of money, known as a death benefit, is paid to your chosen beneficiaries from your life insurance. Your situation and financial goals can help you choose the life insurance that meets your needs. The Rotunno Insurance Agency has various life insurance policy options, and we can help you find life insurance that fits your needs.  

What Are the Benefits of Life Insurance?  

Life insurance can give your loved ones financial assistance in your absence. This financial help can let your beneficiaries: 

What Are the Main Types of Life Insurance? 

There are two main types of life insurance.  

• Term life insurance—This policy provides money to your beneficiary if you die during the policy’s term. This term may be a period of 10, 20, 30 or more years, depending on the expiration date of your policy. If you don’t die during this time, the policy doesn’t pay. You have to reapply for a new life insurance policy to continue coverage.

• Whole life insurance—This policy lasts for the remainder of your life once you’ve enrolled. The policy won’t expire unless you stop paying premiums. This plan also offers a cash value investment opportunity, and the cash value component can provide a source of income while you are still alive (in addition to the eventual death benefit).

We can explore other types of life insurance that could benefit you, including the following:  

Your life insurance premium will vary depending on your age, health, income and coverage. We can assist you in selecting adequate and affordable life insurance no matter where you are in life. 

How Many Life Insurance Policies Can You Have? 

You may own multiple life insurance policies, and sometimes it makes sense to have more than one policy. For example, you may choose to have permanent life insurance and a term life policy to close any gaps in your financial plan. Multiple policies also mean multiple premiums, and if you’re buying policies at different points in your life, you may have a range of premium costs based on your age and health when you purchased coverage.  


We Can Help 

Life insurance is an important policy to have. When you choose us, you can trust that we’ll take the time to understand your situation and what insurance policy is best for you.  

Call the Rotunno Insurance Agency at 818-842-4634 to learn more about how life insurance can financially protect your loved ones when you no longer can.