Gale Ranch Notary, Apostille and Financial Services

Life Insurance Tips:

LIFE Insurance TIPs:

A tri-Valley friend's LIFE insurance TERM premium of $576 (10-years term) is replaced with $376 (30-Years term) + Living benefits (No additional cost) through our services. Both are A+ rated carriers.

Annual Saving: $200; Total term saving $2000

Extended 20 more years with current health rate, whereas after 10th year in existing policy, the future premium might be double or triple or even not insurable depends on the health/age factor.

TIP #1

Like reviewing your phone carrier and internet providers charges periodically- make sure to review your insurance policies (HOME, AUTO, LIFE) periodically.
After accumulating wealth, you may be paying premium for too much coverage, or under covered if not adequate coverage. For example, employer coverage is only 1x, 2x of annual salary (even less public sector) but insurance experts advises 15x, 20x of annual salary.

TIP #2

Make sure to have your own LIFE policy outside the job for stable coverage till retirement and beyond.
Same as TIP#1, employer coverage is only 1x, 2x of annual salary but insurance experts advises 15x, 20x of annual salary.

TIP #3

If the carrier is giving option for more terms like 30, 35 years, go for maximum and don't do for less - 10 or 20.

TIP #4

If you have high-value insurance face amount, assign the policy beneficiary as Irrevocable Life Insurance Trust (ILIT) for the benefit of estate tax / wealth transfer strategy.

Contact me for more such FREE review/advise for LIFE insurance.

– Govind Gopal,(925) 322 3131 Govind@GaleRanchNotary.com
Gale Ranch Notary, Apostille and Financial Services

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