Life Insurance

What is Life Insurance?

An important part of a sound financial plan, life insurance provides a valuable death benefit to your beneficiaries upon your death. Your beneficiaries can then use this money to replace some of the income you would have earned or to help pay off debts or other expenses. Additionally, life insurance can help to cover funeral costs, which are often surprisingly high.

Aren’t there Several Types of Life Insurance?

Yes! The two common types of life insurance are term and permanent. These days, however, the life insurance marketplace is offering creative and unique approaches to life insurance structures that provide you more options than ever before.

The type that's right for you depends on many factors, including your budget, the amount of coverage you need, and the length of time you'd like the coverage to last. To get an instant quote, please click on the button to the right to get an idea of pricing.

I like the life insurance quote I saw, how do I apply?

Fred Waxler, our Life, Disability and Long-Term Care Specialist can assist with this type of insurance. He can work with you to match you with the right product and provide the correct application to finalize the process. He can be reached at 415.257.2115 or at

Why Choose Life Insurance from Costello and Sons?

Costello and Sons Insurance specializes in insurance protection for individuals and families. We are here to make the process of choosing the right life insurance simple. We work closely with you to understand your unique situation so that we can provide you with the insurance portfolio that truly meets the needs of you and your family. With Costello and Sons Insurance, you’ll find the right coverage, superior service, and competitive rates. Contact us today to get the life insurance that will give you peace of mind, knowing your loved ones will be provided for.

Additional Life Insurance Information

As mentioned above, the two main types of life insurance are term and permanent. Keep reading to learn more about these different kinds of policies.

Term Life Insurance

Term life insurance is a policy that pays a benefit only if the insured person dies within the specific period of time that the policy covers. In order for this benefit to be paid, the premium payments must also be current. One of the main attractions of a term life insurance policy for many people is its affordability. The younger and healthier the insured person, the lower the premiums can be. As a result, term life insurance is often an excellent choice for young individuals who want to be certain to provide for their families should the unexpected happen.

Permanent Life Insurance

Permanent life insurance is coverage that stays in place so long as its premiums are paid and its contract obligations are kept. The clearest difference between term and permanent life insurance policies is that permanent insurance does not have the time limit that term life does. Permanent life insurance builds cash value over time, so it is an investment product. This type of coverage tends to be well suited to individuals who wish to provide benefits for their beneficiaries regardless of when they should die. Whole life, universal life, and variable life are the three most common types of permanent life insurance policies.

What Type of Life Insurance is Right for Me?

There’s no quick answer to that question. There are many different factors about your unique situation that will help to determine which type of insurance coverage best suits your needs. Contact Costello and Sons Insurance now to let us help you discover which type of life insurance is the right choice for you.


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