When some people are in the market to purchase “life insurance”, they may be unaware that there are actually two distinct types of insurance.  This is important to note, so that when you are comparing prices and coverages, you know what both are and what they can do for you.

The two main types of policies are term life insurance and permanent life insurance.  A difference between the two has to do with the length of time the policy is active.  Term life insurance will only “pay out” if you die during a certain period, such as between the ages of 60-75.  If you should live past the expiration date of the policy and then you die, your family would get nothing.  A permanent life insurance policy can cover you for the duration of your life.  It can pay death benefits at any time, and there is no expiration date, as long as the policy is active.

Another difference between the two policies is the cost.  A term life insurance policy can be much more affordable to get into, but the premium can go up over time.  A permanent life insurance policy premium will stay relatively the same over the years.

When choosing a policy it is important to talk to your insurance carrier about your specific needs.  They can help you to assess what is best for you, based on what you want to pay and how much money you intend to leave for your family.  The bottom line is that no one should go without a life insurance policy.  Term life or permanent policies are ways to protect your family if something should happen.  For more information, please visit www.aisinsurance.com.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

People are always looking to save some money on their California insurance policies.  What a lot of people don’t realize is that there are better ways to save than by reducing coverage, or canceling a policy altogether.   

One of the best ways to save is to combine policies.  In some cases people have multiple policies with multiple companies.  By taking policies such as car insurance, homeowners insurance and life insurance and consolidating them under one company, they can save anywhere from 10-20%.  For those who don’t own a home, they can still save by combining such policies such as auto insurance, health insurance and renter’s insurance.

AIS Insurance offers may types of California insurance policies to cover your needs.  AIS also makes it convenient for you to add or change your existing policy.  Agents are always available, and AIS offers an online interface that allows you to manage your account 24/7.  For more information on the policies we offer, please visit www.aisinsurance.com, or contact one of our sales agents today at 888-772-4247.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

While the two seem like an exact correlation, they really have little to do with one another.  When you are purchasing a homeowners policy many things will be considered to determine your premium price.  Some of those factors include:

• Type of Construction of your home – Frame houses may be more expensive to insure than brick because they are more flammable and less sturdy, relatively speaking.
• Age of your home – Newer homes may qualify for discounts if they are made from safer and stronger materials. Older homes are more expensive because the likelihood of a claim being filed is much higher.
• Proximity to fire protection – The closer the fire department is to you, the better chance they have of getting a fire under control quickly.
• Deductible amount – A higher deductible means a lower premium and vice versa.

While these are some factors involved in what your premium will be, the market value is not considered because this number in some cases is arbitrary.  Property value is based on many things and can fluctuate often, so it is not a reliable number for insurance companies to use because it can change often.  Instead they look at a more solid number such as the amount it would take to rebuild your home (based on current material costs), because this does not fluctuate as much.

For more information about homeowners insurance in California, please contact a qualified professional at www.aisinsurance.com or call 888-772-4247.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.