Life insurance is key to your family’s financial stability and peace of mind. Lay the groundwork for your financial future with Carter Bradley and rest easy knowing that one of the most dependable insurance agencies in California has your back.

When you purchase Life Insurance, the first step is deciding which type of coverage works for you: Term Life Insurance or Permanente Life Insurance.

Term Life Insurance offers protection for a set period of time that may go from one to thirty years. There are two basic options in Term Life Insurance:

• Level term: in this case, the death benefit stays the same throughout the duration of the policy.
• Decreasing term: the death benefit drops (usually in one-year increments) throughout the duration of the policy.

As its name suggests, Permanent Life Insurance protects you all your life as long as you pay your premiums. The three main types of Permanent Life Insurance are Traditional Whole Life, Universal Life, and Variable Life.

• Traditional Whole Life: the most common type of Permanent Life Insurance, this option offers a death benefit with a built-in savings account.
• Universal: also known as Adjustable Life Insurance, offers more flexibility than Traditional Whole Life Insurance, giving you the option of adjusting your premiums after the built-in savings account reaches a certain level.
• Variable: in this case, you can use your savings account to invest in stocks, bonds, and money market mutual funds.