Life Insurance

Life insurance is an imperative financial plan to secure the financial future for your loved ones. Most people don’t like talking about it because it revolves around death. At Alameda Insurance Group, we believe that life insurance offers more than financial safety. It can also serve as an inheritance.

Life insurance can be used in the following ways:

• Paying final expenses such as medical bills and funeral or cremation.
• Paying Debts
• Replaces income
• Passing on inheritance
• Payment of estate taxes
• Used for charitable contributions

To help you get an ideal policy that meets your needs, discuss your financial objectives with the Alameda Insurance Group agents serving Arizona residents.

Types of Life Insurance

Term Life

Term life insurance is the most affordable and simple form of life coverage. As the name suggests, it’s a policy taken for a specified period, usually between 5 and 35 years. The agreement stipulates that your named beneficiary will be paid a certain amount of money when you’re gone in return for premiums.

Term life is ideal for the following individuals:

• Working on a risky job
• Parents with young children
• Family breadwinners
• Stay at home parent
• Homeowners with mortgage
• Someone with co-signed debt

Whole Life Insurance

A whole life insurance policy is a long-term coverage as it binds until your departure. Your named beneficiary gets an agreed sum of money in return for premiums paid. Whole life is unique and different from term life since it builds cash value that can be used to borrow against or can be differed until the right time to withdraw. Although it's more expensive than term life, you’re guaranteed of return rates.

It's worth noting that premiums vary with several factors such as the amount of coverage, age, life expectancy, and health. It’s prudent to speak to an agent to guide you through the entire process. Are you looking for a life insurance policy? Visit or call the Alameda Insurance Group offices in Arizona to get covered.