Life insurance is ideal for new parents. As a new parent holding your newborn, you see things differently. You want to give your family a comfortable and happy life. Why not start by buying coverage?

2. Go for Permanent Life if:
• You want your family to have money to support them
when you die.
• You have a large estate, in which your family will face
estate taxes when you die.
• You know that your family will need your financial
support all your life. For example, you have a child
with disability.
• You want a long-term investment as a supplement to
your policy.

3. Go for Life Insurance if:
• You want a basic and uncomplicated
coverage.
• You prefer a policy with affordable rates.
• You intend to use the policy for a specific
time period. For example, to cover the
mortgage or the education of the children.

4. Factors That Determine the Price of
Life Insurance
One of the main considerations for the annual rate of life insurance is
the type of policy you buy. It also depends on the duration of term (for
term life policy) and the coverage amount. This also includes the
following:
• Health – You pay less if you are healthier.
• Hobby – The more risky your hobby is, the costlier your coverage is.
For example, scuba diving and motocross racing.
• Smoking – You pay less if you do not smoke compared to smokers.
• Gender – Men pay more than women.
• Age – The younger the policyholder is, the less amount to pay.

5. Determine the Amount You Need to
Buy Life Insurance
1.Multiply your income to the number of years you want your policy to cover.
2.Include college costs, debts, mortgage, and other financial responsibilities.
3.Add the cost of services that the policy needs to replace.
4.Subtract other insurance policies you buy as well as your savings.
An insurance agent can help you calculate the amount you need to purchase.
The professional will also guide you through the whole process. Buying life
insurance will give you a peace of mind knowing your family can continue life
with less financial problems even if you are not there anymore.

6. Here at Western Pacific Insurance, we work hard in making sure that our clients are
well-protected with policies that they can afford. To learn more about how we can
help you, please contact our agency at (702) 932-3105.
www.wpinsure.com