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LIFE INSURANCE INFORMATION

  • Life Insurance
    Overview
  • Get a
    Quote
  • What Kind of Life
    Insurance?
  • How Much Life
    Insurance?
  • How to get
    started
  • GOOD TO
    KNOW things...

Life Insurance Quotes are available
by phone at
619-670-1000

(or click the Get a Quote tab)

Life Insurance
Be ready for anything - the unexpected and the inevitable. Adequate Life Insurance will protect the lifestyle, hopes and dreams of the people you love. Whenever anyone depends on you financially, your death can be a life-altering event. See how easy and inexpensive it is to put just a little cushion in place so people who have to deal with your death at least have some time to transition to a new way of living.

 

Life Insurance protects your family from financial loss in the event of your death.

 

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.



Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

 

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Descanso Renters Insurance
El Cajon Renters Insurance
Encinitas Renters Insurance
Jamul Renters Insurance
La Mesa Renters Insurance
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Oceanside Renters Insurance
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San Diego Renters Insurance
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Life Insurance Quotes are also
available by phone at
619-670-1000

Easiest of all is to just call our office at 619-670-1000. We're available 24 hours a day to assist you.

Stop by our new office at:
10791 Jamacha Bl
Suite 1
Spring Valley, CA

Or drop me an email at:
DennisVolz at Gmail dot com

Of course you can always send us a post card at:
PO BOX 1961
Spring Valley, CA 91979

What kind of Life Insurance is Best for me?
As you might expect, there's not really a "best" answer for you. The most truthful answer is: "It depends." Depends on why you want the insurance, how long you may want to keep it, what your other "money habits" are. It depends on lot of factors.


Take a look at the following tabs and get an overview of exactly what the different kinds of Life Insurance offer and it will probably answer most of your questions.

 

  • General
    Information
  • Term Life
    Insurance
  • Whole Life
    Insurance
  • Universal Life
    Insurance
  • Mortgage Life
    Insurance
  • The Guaranteed
    Insurability Option

General Insurance Information

Term or Permanent Insurance?

Generally speaking, there are two categories of Life Insurance, term life insurance and permanent life insurance. Often, the solution is a combination of both, since most people have a need for both temporary (term insurance) and lifetime (permanent insurance) protection.

To help you decide, consider five basic factors

1. Death benefit

  • Permanent life insurance provides a death benefit for as long as you live.
  • Term life insurance provides a death benefit for a stated period of time.

2. Duration of coverage

Examples of temporary needs are:

  • Use of death benefit to pay bills or provide money for loved ones
  • Use of death benefit to pay final expenses
  • Use of death benefit to provide money for a favorite charity
  • Use of death benefit to pay estate taxes
  • Fund a business buy/sell agreement or provide key person protection

Examples of temporary needs are:

  • Use of death benefit to pay educational expenses
  • Use of death benefit to pay off home mortgage
  • Use of death benefit to pay off an automobile loan

3. Premiums

Permanent life insurance premiums are generally level and payable for life.

Term life insurance premiums will increase over time, are payable for a specific period of time and generally increase at each renewal.

4. Cash value

Guaranteed cash values can provide money later to help with temporary needs or emergencies.

Permanent life insurance accumulates guaranteed cash values and may be eligible for dividends:

  • The growth in cash values is tax-deferred under current federal income tax law.
  • You may borrow against the cash value as a policy loan at the current policy loan interest rate. Borrowed amounts reduce the death benefit and cash surrender value.
  • Amounts withdrawn that exceed the cost basis of the policy are federally income taxable.
  • Dividends are a return of premium and are based on actual mortality, expense, and investment experience of the company.
  • Dividends are not guaranteed, since actual experience is not known in advance.

Term life insurance does not accumulate cash values, nor does it earn dividends.

5. Net cost of insurance

The net cost of insurance compares the premium payment and the guaranteed cash value. You get the net cost of insurance by subtracting the total premiums paid from the guaranteed cash value.

For example, compare, over a 20-year period, a term life insurance policy for a 35-year-old male non-smoker and $100,000 worth of coverage with a permanent life insurance policy of the same criteria.

How to choose

Together, you and I can assess your Life Insurance needs to help you choose the coverage that is best for you. Often a little of each kind is the best blend. GIve me a call and without any obligation or expectations, I'll help you make the best decisions possible for you and your family.

 


Other Considerations:

More information regarding life insurance can be obtained by contacting the California Department of Insurance in Los Angeles at 800-927-HELP (4357) or by visiting their website, www.insurance.ca.gov.

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

Term Life Insurance

Term life insurance provides death protection for a stated time period, or term.

Term life insurance is perhaps the simplest form of life insurance. It was developed to provide temporary life insurance protection on a limited budget. Since term insurance can be purchased in large amounts for a relatively small initial premium, it is well suited for short-range goals such as life insurance coverage to pay off a loan, or providing extra life insurance protection during the child-raising years.

We offer term insurance policies providing level premiums for 5, 10, 20, and 30 year periods. These policies can be renewed or continued at higher premiums to age 85 or 95 as stated in the policy.

Features of Term Life Insurance

  • Initial affordability
  • Adjustable premiums: Term life insurance policies have adjustable premiums. This means that the company may raise or lower premiums at some point specified in the policy based on projected changes of investment earnings, mortality experience, persistency, and expenses. However, premiums may never be raised above the maximum premiums stated in the policy.
  • Renewability: Our level term policies allow the policyholder to continue coverage past the original coverage period of the policy. Each time the policy is renewed the premium increases to the amount for the then attained age of the insured. This right is usually offered for a specific period, which varies depending on the type of policy.
  • Conversion: Our term policies are convertible to age 75. Conversion allows the policyholder to exchange a term life insurance policy for any permanent life insurance policy offered by the Company at any time while the policy is in force (subject to established policy minimums).

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

 

Permanent Life Insurance

Permanent life insurance coverage for as long as you live and continue to make timely premium payments.
With level premiums and the accumulation of cash values, whole life insurance is a good choice for long-range goals. The guaranteed cash values can provide money later on to help with temporary needs or emergencies.
Below is a listing of our whole life policies.

Features of Whole Life Insurance
Premiums generally are level and payable for life: Since premiums are level, the younger you are when you purchase a whole life policy, the less expensive the annual premiums will be.

We also offers whole life policies that provide shorter premium payment periods, such as 15 years or a one-time payment.

Dividends: Whole life insurance policies can earn dividends. Dividends result when our actual life insurance costs turn out to be less than we assumed in setting our premiums. When this happens, the company may return a portion of your life insurance premium to you as a dividend. Dividends are not guaranteed, since we don't know our actual costs in advance.
Guaranteed Cash Values: Unlike term life insurance, which does not accumulate any cash values, some of the money you pay into your whole life policy accumulates as guaranteed cash values. If you choose to surrender the policy, these guaranteed cash values would be available to you. Or, as long as the policy is in force, you may borrow against them as a policy loan at the current policy loan interest rate.

The amount of your guaranteed cash value depends on the kind of whole life policy you have, its size and how long you have had it. The growth in cash values is tax deferred under current federal income tax law. Borrowed amounts reduce the death benefit and cash surrender value.

Here's a listing of our whole life policies.

TYPE
Ages Available
Policy Minimum
Features
Whole Life
0 - 80
Ages 0 - 49 - $25,000
Ages 50 - 80 - $15,000
Provides life insurance protection for the lifetime of the insured with premiums payable to age 100.
15 Pay Life
0 - 80
$25,000
Provides life insurance protection for the lifetime of the insured with premium payments limited to 15 years. The policy becomes fully paid-up at the end of the premium-paying period.
Single Premium LIfe
0 - 80
$15,000
Provides life insurance protection for the lifetime of the insured. The policy becomes fully paid-up with a single premium paid on the policy date.

Get a Quote Learn more about these policies by calling us at 619-670-1000 or emailing us at Info@DennisVolzInsurance.com

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

What is Universal Life Insurance?

FLEXIBLE, ADJUSTABLE BENEFIT and CASH ACCUMULATION !
Universal Life Insurance is a flexible-premium, adjustable benefit life insurance policy that accumulates account value. The flexibility of this policy allows you to change the amount of insurance as your needs for insurance change. Some changes require underwriting approval.

As with all life insurance, the main purpose for buying a Universal Life insurance policy is the death protection provided to your loved ones at your death.

* Learn how Universal Life Insurance works.
* Learn about the coverage amounts and death benefit options on Universal Life insurance.

Benefits of Universal Life

Flexibility
You decide how much life insurance you need -- and subject to certain requirements and limitations, you can adjust the death benefit and premium payments to fit your changing needs.

Security
You help protect your loved ones against possible financial hardship in the event of the insured's death.

Tax-Free death benefit
Under current tax laws governing individual life insurance, life insurance proceeds are generally income tax free to the beneficiary.

Tax-Deferred account value growth
Your policy's Account Value earns interest at the company's current interest rate -- federal income tax deferred. The current interest rate is guaranteed to be at least 4% a year.

Get a Quote Learn more about Universal Life Insurance by calling us at 619-670-1000 or emailing us at Info@DennisVolzInsurance.com

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

Mortgage Life Insurance

Mortgage Life Insurance
Mortgage Life Insurance can be as simple as that portion of your life insurance that is designated to pay off your mortgage. While you can buy "Mortgage Insurance" through the financial institution that provided you with the loan for your home, that might not be the best option for you.

Mortgage insurance purchased through lending institutions generally pay directly to the bank in the event of the death of the insured. That means that if you have their mortgage innsurance and you die, the insurance company sends the money directly to the bank to pay off your home. Doesn't sound to bad does it? What if, at the time of your death it's NOT in the best interest of your family to use that money to pay off the entire loan? There could be some needs for some cash, it might be better to invest the money elsewhere and continue making payments on the house. Or it might be best to take the money and pay off the loan. When you get your 'mortgage insurance' directly from the mortgage company, you lose those options.

Purchasing your mortgage insurance through an insurance company that will give the death benefits directly to your benificiary gives them choices.

Call if you have any questions.

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

Guaranteed Insurability Option

This is a tremendous benfit for those who purchase life insurance at a younger age. This option gives you the right to purchase additional insurance at various ages and events (marriage, birth of a child) in your life. The guarantee is offered regardless of your health or insurability. You could be literally on your death bed and if one of te options comes up, coverage is offered at standard rates.

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

 

 

 

Understanding the Value of your Life

How to determine your Life Insurance coverage requirements

Life Value - It's been debated for centuries. It comes into play often in the Special Damages portion of a wrongful death court case. "How much was John Smith's life worth." Juries have had to decide that question. It is a difficult process replete with formulas, guidelines, and special instructions from the judge. Determining your value for the purpose of life insurance, fortunately its much easier.

While your life has significant, immeasurable and irreplacable value as a parent, spouse, friend and family member, its fairly easy to calculate your financial value. You will likely pay for certain things along the way such as college educations, cars, senior pictures, etc. You may want to retire certain debts such as home loans, car or credit card loans. You may want to leave given sums of money for your church or special family events such as a femily reunion or to purchase a car for your children upon college graduation. Everyone is different and the calculations are fairly easy given a little thought about just what you want.

A Very Simple Calculation

Just fill in these 6 numbers (your best guess) and do the calculation. In the event of my death, how much money would my familily need to:

 

Money Needed to:
Amount
Pay off the house (or at least 10 years of rent money)
Have money set aside for children's education
Eleminate our Debt (credit cards, cars, personal loans, home equity)
For Final Expenses (medical, funeral, headstone, etc)
Establish an Emergency fund in the bank (new water heater, transmission on the car goes out, etc
For Income assistance needed after above items paid off or paid for (Per Month until age 65)
TOTAL (A)  
TOTAL CURRENT Life Insurance and Cash (B)  

(A) - (B) = Your Life Insurance Need

If B is bigger than A, then Congratulations. You've planned well

 

 

Take the time to review this at least once a year.

Your Life Insurance needs will change over time.

  • There'a a period of INCREASING NEEDS during the LET'S HAVE SOME KIDS YEARS
  • It stays level for awhile
  • Then there'a a period of DECREASING NEEDS as kids finish college and your debt load shrinks.

Although every family's needs are different, a reasonable apprach is to purchase a small amount of permanent insurance (some form of either whole life or Universal Life) for an amount of $25,000 - $100,000. That's the insurance that will be there for the rest of your life.

Just think, "When I'm contentedly sitting in my rocking chair when I'm 90, how much life insurance would I like to see then?" If it's $25,000 then get that, if its $75,000 then get that, and if it's $ZERO, then don't get any permanent insurance. But make sure you get enough term insurance to cover your temporary needs throughout yoru life: The child rearing years, college days, pre-retirement, etc.

These needs will decline over time then you'll be down to your permanent amount. If you've purchased that right, you'll have a "PAID UP" policy ty then. That's one you can keep for the rest of your life and never have to pay another premium!

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

How to get your policy started

  • Information We'll
    Need to get you Started
  • Payment
    Options
  • How much
    Money to Start?

Information We'll Need to Get You Started

Here's a little insight into some of the information you'll need to have ready about you to get your insurance policy started.

  • A list of the people who will be your benificiaries. (think, who will suffer financially or be responsible to deal with the financial fall-out of my "untimely exit" from this world.
  • Your name, residence address and best contact information such as cell phone, email, etc...
  • Date of Birth
  • Drivers License and Social Security Number
  • Your health history including names and addresses of doctors involved in your care

Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

Payment Options

We have several convenient payment options to meet your budget and personal preferences.

Annual Payment

Simply pay your annual payment in one payment.

Semi-Annual or Quarterly Payments

Split your annual payment into either 2 or 4 payments per year.

Monthly

Split your annual billing in to twelve convenient monthly payments. (a $3 monthly service charge applies)

Automatic Monthly Payment

Same as the monthly but we'll conveneintly draft the monthly amount from your checking account: Same day, Every month. (Life Policies incur NO MONTHLY SERVICE CHARGE)


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

How much money do I need to get started?

For all payment options except the Automatic Monthly Payment Option, you'll need just 2 months of premium to get your policy started.

If you choose the Automatic Monthly Payment Option, you'll only need one month to get started. There's a $2 set up fee added to the monthly plans

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979

 

What affects the price of Life Insurance?

The price of Life insurance varies by company and by:
  • Your age and gender
  • Your present health and medical history
  • How much coverages you buy
  • The kind of life insurance you purchas
  • Your decision to include WPD (protection that pays your policy FOR YOU should you become disabled)

Life Insurance is designed to help protect you from losses.
Losses are occurrences that caused direct physical damage to property or injury to persons, whether covered by insurance or not.

Check out the brief descriptions of our Life Insurance Policies on the WHAT KIND OF LIFE INSURANCE? tab.


Dennis Volz Insurance Agency
Insurance for the Times of Your Life

OFFICE: (619) 670-1000
FAX: (619) 670-1121
CELL (619) 339-1339

10791 Jamacha Bl, Suite 1
PO BOX 1961
Spring Valley, CA 91979