Life Insurance Request a Quote from Corwin Insurance Agency Having the right life insurance is pivotal in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you’ve made your family when you are gone.Don’t leave the future of you and your loved ones to chance. Corwin Insurance can help you find the right Albany life insurance coverage for you, and help ensure that your policy continually meets your needs. Life Changes. So Should Your Policy For each of our neighbors in Oregon, the right life insurance will be unique and dependent on personal and financial needs. As your life changes, your life insurance coverage may need to change in order to adapt to your current needs. Some life transformations that may require a policy “tune-up” include:You recently married or divorcedYou have a new child or grandchildYou have opened or expanded a businessYour health or your spouse’s health has deterioratedYou are providing care or financial assistance to a parentYour child or grandchild requires assistance or long-term careYou recently purchased a new homeYou are planning for a child or grandchild’s educationYou are concerned about retirement incomeYou have refinanced your home mortgage in the past six monthsYou or your spouse recently received an inheritanceYou have a sizable estate What You Need to Know Corwin Insurance can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:Term Life InsuranceTerm life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent (whole) life insurance, and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 20-year (level term) period.Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.Whole Life InsuranceWhole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.Universal Life InsuranceUniversal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.What type of life insurance is best for you? Talk with the team at Corwin Insurance. We can assist in identifying the best protection for you. Advantages of Life Insurance Having the right life insurance is essential to planning for your present and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.Life Insurance Death Benefit - When you pass away, your life insurance provides income (tax-free) to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes, or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.Living Benefits - The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.The right life insurance coverage for each and every one of our customers in Oregon is unique. Talk with the Corwin Insurance team today to find out how to protect your family and your future with the right life insurance.Areas ServedAlbany, ORLebanon, OR Corvallis, OREugene, ORJunction City, ORSweet Home, ORSalem, ORNewport, OR Create a Lifeline that will Last a Lifetime We know you can’t put a dollar amount on your family, but you can insure their future is protected. And though costs are a real concern for most people considering life insurance, it never costs as much as you think—especially if your family ever has to use it. It happens more often that you think… After running multiple tests, doctors conclude you have an incurable medical condition that may affect the length of life you have remaining.A million thoughts race through your head. You’re unsure what to do or who to call. Your first priority is your family and who will look after their well-being when you’re gone. Will you might be asking yourself:How will your spouse stay afloat with all the debt accrued?Who will save for your children’s college fund?Where will your family be without you?Or will you be thinking instead of how you will choose to spend whatever time you have left with them—secure in the fact you have a precisely calculated policy to cover your debt, funeral costs, and a legacy to your family?There’s no way we can convince you the peace of mind you can experience just knowing your family will be cared for if they lose you.Recognizing everyone’s situation is unique, which means there are two types of life insurance policies to choose from:Term life policies are set up to cover you for a specific period of time. The most common term policies cover for fifteen to twenty years. Depending on the age of insured, premiums start out dirt cheap and increase in costs with your age. Some Term life policies even offer the option to convert to a whole life policy when the policy is set to expire.Whole life or Universal life insurance covers the insured for the course of their life, even if you live to be 100 years old! An advantage of a universal life policy is that the policy builds cash value that you may borrow against in times of need.No matter the situation, it is important to know what type of policy best suits your needs, the amount of coverage desired, and most importantly, who the beneficiary will be.One of the helpful agents at our firm can help you learn more about purchasing a life insurance policy. Having peace of mind knowing that when you leave this world your family won’t be burdened with your financial hardships and that they will be able to maintain their current standard of living. Why We're Different You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build. Want to find out more about your Life Insurance options?