Washington Life Insurance

Create a Lifeline that will Last a Lifetime

Is there a sadder situation than that of a young widow with small children sobbing at the funeral of her husband? Or what about the sad wake of single mother struck down in the prime of life, leaving two children to fend for themselves?

Without life insurance, how will they survive if the main earner passes away?

The lack of financial support could very well put an abrupt halt to noble plans. College. Money to start a business. Even a home.

Plus, look what they are saddled with:

• Mortgage debt
• All other debt (vehicle, credit cards, etc.)
• Funeral expenses
• Future living expenses
• Future education expenses

Life insurance would have protected them after their mother and father passed away. And the interesting thing is that life insurance can cost so little. Especially if purchased early in life.

For example, that young man who left behind a family might have paid just $229 per year per $100,000 of protection for a term life policy. The woman just $189.

The professionals at AAG will make sure your loved ones are supported if something happens to you. We will show you all of your life insurance options.

How To Save a Life:

• A man, aged 44, dies suddenly in a car accident. He leaves a wife and three children behind.
• A woman, aged 38, passes away after a bout with pancreatic cancer. Five year old twins are left behind.
• A man, aged 65, has a stroke and dies. His wife, aged 69, mourns his loss.

In each of the cases above, all of the deceased were the main bread winners in their household. Also, none of the deceased had any life insurance.

What Happens Without Life Insurance in Washington?

Do you know what happens without WA life insurance?

Nothing.

No family members receive money to help weather the financial storm to follow. No more paychecks will be earned by the main family earner. Dreams may be dashed.

If you are the one who makes the money in your household, get some life insurance. At first, it may seem like a daunting task because of all of the life insurance products available. But that is where the WA life insurance experts at AAG Insurance will help you the most!

Life Insurance 101:  

Washington State Life Insurance is affordable.  In fact, you shouldn't live without it (no pun intended).  Here is a brief  list of types of Life Insurance in Washington State.
  
Permanent Life Insurance:
PLI is otherwise known as “entire life” Insurance.  The individual who is insured has the policy for the rest of their lifetime.  At the end of the policy, the payout is assured and you will collect it in cash value.

Whole Life Insurance:
This is a policy type wherein premiums are paid yearly. The time period is for the insured’s entire life.

Term Life Insurance:
Life insurance is a policy that has a precise amount of time before the policy expires. Payments are at a fixed rate, and the insured is accountable to make the payments during that period.

Universal Life Insurance:
Universal Life Insurance in WA is a permanent life insurance that has a cash value credited monthly with interest determined by the insurer.

Variable Universal WA Life Insurance:
This option for life insurance collects cash value over time. Investing options can be through different accounts and values. This investment is in bonds, stocks, or both.

Now that you have a better understanding of Life Insurance in Washington, don’t leave your family in a bind.  Life Insurance is vital to your family’s protection and well-being.  Fill out the quote from at the top, and a knowledgeable Life Insurance specialist in Spokane, Chehalis, or any of our branches will contact you soon. 

Life Insurance at its Finest

Serving the Pacific Northwest since 1975, AAG understands life insurance. More importantly, we understand the family dynamics that make it so important. We will help you develop a life insurance program that will provide you with the peace of mind you are seeking. Because that is what you are buying with life insurance—peace of mind.

To obtain the peace and comfort that comes with knowing your loved ones will be taken care of when you’re gone, complete the Protection Savings Form on this page, right now.  An experienced and empathetic insurance pro, well versed in all of the life protection products, will contact you. You will work together to establish the protection you desire for your family.

And maybe, just maybe, if the unthinkable happens, it will help save a life

Our agents are local and can help you find life insurance needs right away.  Meet with a life insurance specialist in Spokane, Chehalis, Kennewick, Davenport, Battle Ground, Rockford, or  Colfax.  We have a local office to assist you with your need for life insurance in Washington.  Call us at 509-891-1800 or 360-748-8855.

Term, whole, variable, and universal. Death benefit and beneficiary, and rider.

What do they all mean? Is it enough? Will my family be protected? Many things to think about when considering life insurance in Washington.

These are questions that plague my clients when they come to us about WA life insurance. They come in looking confused, and worried about what to do. Whether it’s about a policy they already have or looking to buy.  And it is our job to guide my clients in the right direction.

Let’s face it, they don’t teach you how to buy WA life insurance in High School, and don’t hear advertisements about “How to buy life insurance in WA” seminars. Unless you know a life insurance agent, or went to school to become one, most folks are buying life insurance blind. There are so many gimmicks, and bait-n-switch advertisements out there. No wonder agents have such a bad rep. When buying life insurance consider asking your self these simple questions; How much will my family need? What kind of insurance is better for my family? What happens if I don’t have kids, who do I leave the money to? At what age should look in to getting WA life insurance?

My advice for folks is… don’t over whelm yourself. Take it one step at a time. First, if you are in the age range of 20-30 years old then getting a term life insurance, insurance for a certain number of years, is something to consider. At that age you are starting to establish yourself. Finishing school, buying your first house, getting married, and per haps starting a family of your own. Term life is cheap, and if something did happen, having a small policy would take care of any assets you have. 

At the age of 30, you really should be looking at whole life, insurance policy that is guaranteed renewable, and lasts the rest of your life, and has a cash value. You are still young enough that it is cost effective. Also the premium will not go up on you. By then you would have accumulated assets that need protecting. I’m not just talking about your financial assets; I’m talking about family as well.

Putting your spouse and children as the beneficiaries is the best way to protect them after your passing. Washington Life insurance is beneficiary designated and can bypass probate. When all of your assets are locked up in probate, your family can wait months even years before they see a dime of what you left them while the estate is being settled.  And if you choose to never have children or never marry you can designate another family member like a niece, or nephew. Or to an organization or charity of you’re choosing.  It’s a great way to be remembered, and a great way to help out others.

When choosing a life insurance policy in WA, there are several other types of life insurance out there. For the more risky folks there is Variable life, and Variable Universal life insurance. Variable life is a kind of insurance that allows you to allocate a portion of your premium to a separate account. Such as stocks, bonds, and money market funds. In addition, because of investment risks, variable policies are considered securities contracts and are regulated under the federal securities laws. As for Universal Life, it is whole life insurance, the premium is flexible, and the death benefit can be increased or decreased. Put the two together and you have variable universal life. Where you have the protection of a whole life insurance and are guaranteed renewable as long as you pay the premium, and you have the market gains.

But remember where there are gains there are losses. So always use the rule of 100. If you don’t know it, take your age minus it from one hundred and that is how much of our assets should be locked up in safe secure accounts. Examples; if you are 40, take your age subtract it from one hundred, so 100-40=60. Therefore 60% of your assets should be in safe secure accounts and you are not loosing a dime. But the other 40% of your assets can be in variable accounts and seeing those market gains. So if the market did take a plunge not all of your assets are going down with it. And every year just take another 10% out of the market. That way when you are ready to retire you have a nice nest egg you can live off of.

What to do next!

If you are receiving life insurance as a benefit of your job, congratulations. However, please remember, it is only a great perk if you are working. If you lose that job, you lose the life insurance.

Do not allow your family to flounder if you meet an untimely end. Make them whole so they can live the life you would have desired for them.

At AAG Insurance we understand the importance of protection and the contentment of peace of mind. We have been providing it to your fellow earners in Washington since 1975.

Complete the above life insurance quote form now and let the professionals at AAG Insurance craft a lifeline that will last a lifetime.