Life Insurance

Life insurance gives you the peace of mind you only get from knowing that you've protected your loved ones.

Here at Brightway Palm Springs, we have several licensed life insurance agents to help you find the policy that best meets your insurance needs. Selecting life insurance is more than just selecting a number, it about truely understanding your needs and identifing the right policy at the right price. Here at Brightway, we have the ability to search over 15 carriers to find the best company to fit any budget. The following are the different types of insurance that we provide:

Term Life Insurance

Term life insurance is the easiest way to provide protection for those you love. You choose the face value of the policy. In the event of your death during the term of the policy, your heirs receive the face value of the policy, allowing you to continue to provide for their well-being.

Term Life Insurance offers the lowest premiums making it the most affordable. Premiums are level and guaranteed not to rise for the duration of the policy, making it easy to plan the costs into your budget. Typical terms are 10, 15, 25 or 30 years, and policies will not be cancelled as long as you pay your premiums. This type of policy does not have a cash value component.

Universal Life Insurance

With Universal Life, you can permanently provide a death benefit for those who depend on you. You choose the amount of your benefit. Income from fixed interest rates helps you build cash value and/or is applied toward your premiums, lowering your payments.

Should you need cash from your policy over the course of your life, Universal Life Insurance gives you the flexibility to access your policy's cash value to help meet financial obligations.*

Talk to your Brightway Insurance Agent to see if Universal Life Insurance is right for you and your family.

*Assuming the policy remains in force, isn't a modified endowment contract and the policy qualifies as life insurance under Internal Revenue Code, Section 7702. Outstanding loans and partial surrenders will reduce death benefits and may result in additional premiums to avoid a lapse. If the policy lapses, loans and partial surrenders in excess of basis will be subject to ordinary income tax. Also, surrender charges may apply to any partial withdrawals.

Whole Life Insurance

Whole Life Insurance combines a term policy with an investment component. The investment could be in bonds and money-market instruments or stocks. The investment component generates income that helps build cash value and/or is applied to your premiums to lower your payments. Premiums are locked in for the duration of the policy, making payments predictable and easier to plan into your budget.

Should you need cash from your policy over the course of your life, Universal Life Insurance gives you the flexibility to access your policy's cash value to help meet financial obligations.*

*Assuming the policy remains in force, isn't a modified endowment contract and the policy qualifies as life insurance under Internal Revenue Code, Section 7702. Outstanding loans and partial surrenders will reduce death benefits and may result in additional premiums to avoid a lapse. If the policy lapses, loans and partial surrenders in excess of basis will be subject to ordinary income tax. Also, surrender charges may apply to any partial withdrawals.