Life Insurance & Annuities

Life insurance 

Life insurance protects your plans - and your family

The fear of the unknown – especially when it comes to your finances, family and future – is something most of us don't want to accept. Life insurance can help give you a sense of security.

Having a family forces us to plan for the future. We have made promises to our loved ones to care for the future. . . and for events that may be inconceivable to us. While no one wants to consider the harsh realities, purchasing life insurance may help to give you peace of mind that your family is financially protected.

Life insurance is more than its death benefit. It can help fulfill those promises  and dreams made to those who rely on you financially and emotionally.

Reasons to have Life insurance vary, from covering funeral costs and transferring wealth, to educational and medical costs after one passes away. It can be used to supplement retirement income, and help replace lost wages – for instance.

TransPacific life offers several products from term to permanent and everything in between, life insurance is a wise and caring way to help fulfill your promises.

Life Insurance is an important step in protecting your family’s overall financial future. Most of us have already considered purchasing term life insurance, or you may already have insurance coverage through another source. We often take for granted how much your family relies on you and how vital term life insurance can be. If you’ve considered life insurance and decided you don’t need it, read on — you may be surprised!

How much of life insurance is recommended?

Experts recommend that you have at least five to ten times your annual income in life insurance protection. Of course over the years our financial requirement change.  You may too much coverage or not enough as you may need. There is no better time than now to secure additional or change  your protection for your family. We make it easy to purchase the amount that’s right for you.

Do I really need life insurance if I don’t have any dependents?

Most of us assume that we don't need coverage because we don't have dependents, they don't need life insurance  - but that is not always the case. You should consider who would be affected financially by your death for any reason — including funeral expenses, hospital bills, or mortgage, student loan or credit card debts.  A term life insurance policy can help cover these types of expenses. You should consider other, such as parents or siblings, though not your dependents, they may need financial support from you.