Offering group life insurance to your employees is good business. California life insurance plans can guarantee them a fixed amount of coverage or an amount related to their salary. Oftentimes, California life insurance agencies link employees together by their job when evaluating the associated risks of a group policy rather than considering the traditional factors, such as habits, health, age and lifestyle.
1. California life insurance policies may include disability provisions. In such cases, the policies provide for disabilities—temporary and permanent—and supplement lost income.
2. Business life insurance is a more affordable alternative for California small business owners. Purchasing this type of California life insurance safeguards your company in the event of a financial disaster or employee death. At the same time, your business can take advantage of the lower corporate tax rate.
3. Decide on the terms and conditions of your life insurance policy with the help of your California life insurance agent. Be sure your policy includes the 10-day “Free Look” Period required by California Life Insurance Laws and Regulations. This provision gives the policyholder at least 10 days to rescind their policy with full reimbursement of any paid premiums.
Do your homework before selecting a California life insurance companyCalifornia life insurance is part of the state's $90 billion insurance industry. This means there are insurance agents, carriers and brokers aplenty. Conduct a background check on life insurance companies before purchasing California life insurance.
California Department of Insurance to learn about California life insurance companies. The site offers access to licensing, financial, legal and market information that will prove valuable when deciding on a life insurance company in California. You’ll also find background information on life insurance companies in California at Life Insurance Info.
Shop around to get the best deal on California life insurance policiesFilling out simple forms online is all you need to get free California life insurance quotes from major insurance companies throughout the United States.
Bring in the experts to assess your current CA life insurance needsThere are a myriad of California life insurance policies depending on your company's needs and goals. Don't choose a California life insurance carrier based solely on cost. Be sure whatever California life insurance company you decide on also will protect your business.
Purchase your policy from a California life insurance companyOnce you know what type of CA life insurance you want, look for a life insurance company in California that specializes in that area.
- Life insurance companies in California are competitive, so let them compete for your business. In evaluating California life insurance agencies inquire about the company's assets, customer satisfaction, service and their ratings.