Guide
Term vs. permanent life insurance
What each kind is for, what it costs, and why most families start with term.
Term life pays a set benefit if death happens during the chosen term—usually 10, 15, 20, 25, or 30 years—with a fixed monthly rate. Coverage ends at term end or converts to pricier permanent insurance. It's the cheapest way to get substantial protection when your family is most exposed.
Whole or universal life (and blended versions) stay active for your whole life and build cash value over time. Monthly premiums are significantly higher than term for the same benefit, and cash value grows slowly early on. It's useful for lifelong obligations: a dependent who'll always need support, estate planning, or business succession.
How to choose
Think about need first. If the need ends (mortgage pays off, kids graduate, a timeline exists), term coverage is perfect. If the need doesn't end (a lifelong dependent, permanent estate needs), permanent insurance or a term policy with conversion rights might fit better. Many carriers permit converting term to permanent within a conversion window without new underwriting—check this site's quotes for what each carrier offers.
What people in Vallejo often do
A smart approach: buy 20- to 30-year term matching your household's real obligations, then review when life changes significantly. Affordable coverage you can actually obtain today beats a theoretical perfect amount you can't afford. If permanent coverage makes sense later, Susman Insurance Agency can explore it.