Why I started a New, Marin Based Term Life Insurance Website

I hear it over and over: Should I cancel my "Whole Life Insurance policy... It is Super Expensive?"

Or "I can't afford my whole life insurance."

Or "How can my wife and I afford a mortgage if we are paying, $1,000 a month in whole life?"

It is shocking to me how many people have purchased whole life insurance in the past. It is even more shocking to me how many insurance agents still push the products.

Whole Life, is a form of a Cash Value Life Insurance policy that is complex because it mixes a life insurance product with a pseudo savings account. The problem is that the savings account has terrible returns. Add in fees, hidden language, and outrageous claims of what these policies can do and you come up with an almost toxic stew of oversold life insurance policies.

What should most people do?

First off, don't ever buy anything that you do not understand.

Second research what you buy.

Third, for the vast majority of Americans = Consider Level Term Life Insurance. Term Life is simple, affordable, and rather inexpensive. It can sometimes cost about 1/10th or 1/20th the cost of whole life.

Yes there are some people for whom Whole Life is a good idea, such as people that can not qualify for term, people that need a special needs trust, business reasons, or clients that are really quite wealthy (there are some other reasons as well.) However even people making $600K per year may still find that term life is a far better way to go. But how do Americans calculate this decision?

This central argument is why Marindependent Insurance Services LLC has created a new Marin Based website, about learning the differences between Whole and Term Life Insurance. Our website is wholevstermlifeinsurance.com.

Whole Vs Term: Universal Life or a 20 Year Level Term? Life Insurance or No Life Insurance. Residents of Marin County need to consider their options. We work are an independent agency and work with dozens of Life Insurance Carriers.

Marindependent Insurance Services is regulated by the California Department of Insurance - License Number 0K10734.