
Life insurance may be one of the most important purchases you will ever make. Life insurance can help to protect against financial hardship resulting from death. It is an insurance company’s promise to pay your beneficiary for a specific life insurance benefit in the event of a tragedy.
The majority of life insurance is purchased to protect family members from financial hardship. If your family relies on your income, your death could impose a financial burden upon them. Additionally, if you own a business, you may need life insurance to replace a key employee, or to purchase the interest of a deceased partner. In the event of a tragedy the death benefit from a life insurance policy would typically be used for the following:
Whether you are married, single, young or old, an HWP Insurance professional can help you calculate the proper amount of life insurance you need. We can also explain to you the different types of life insurance policies, along with their respective advantages and disadvantages.
Very importantly, HWP is an independent insurance agency. We can offer affordable life insurance to protect you, your family and your business. We work with only the top life insurance companies in the country to provide insurance that best fits your needs and budget.
The cost of life insurance is dependent upon several factors: the age of the applicant, the gender of the applicant, whether the applicant is a smoker or non-smoker, and the general health status of the applicant. The following table gives some examples of the cost of coverage for different scenarios:
Annual Premiums for Preferred, Non smoker *
| $250,000 | $500,000 | ||||
| Male | Female | Male | Female | ||
| Age 30 | $150 | $138 | $240 | $210 | |
| Age 40 | $190 | $170 | $320 | $280 | |
| Age 50 | $403 | $345 | $730 | $585 | |
*Rates are based on a 10 year level term, premiums for other underwriting classes, ages, face amounts and payment modes are available.
For a personalized quotation please do not hesitate to Contact us!
Getting a competitive quote from Hatter, Williams & Purdy Insurance is simple and quick. Just fill in our online form.
by HWP Insurance
Consumers often times are unaware that there are two different types of insurance agents. Believe it or not, but the type of agent you choose can have a large impact on your wallet. It may be advantageous for you to ask your agent if they are independent or captive.
Independent agents are just what the word [...]
I called Jennifer Scott at HWP with a somewhat difficult requirement set of insurance needs. She cheerfully began finding the best, most cost-effective package available and diligently pursued the transaction until it was successfully finished. I could not expect any more from an insurance agent...
Jenny Bowman, CISR
Customer Service Rep/Supervisor
Jenny is a native to California and has been in the insurance business for more than ten years. Jenny began her career working for an independent commercial insurance office in Bishop, CA and shifted her focus to Personal Lines when she moved to San Diego in 2001. She joined Hatter, Williams & Purdy...