14737 SW Millikan Way
Beaverton, OR 97003
Life insurance is an essential part of your family's financial security. If you need life insurance in Beaverton, OR, you should visit W.B. Adams Company. We offer excellent insurance services in Oregon.
Life insurance is important because you want to make sure your loved ones are taken care of and not burdened after you are gone. If you have dependents, in addition to covering your final expenses, you'll need to replace your income for a period of time so those that depend on you have the income they need.
Even if you don't have dependents, you'll want enough to cover any debts and burial expenses. No one wants to leave behind a burden for their loved ones. Life insurance can give you peace of mind.
If you own a business, life insurance can help ensure that your business can be maintained by your partners after your passing.
There are three basic types of life insurance, term, whole life, and universal.
Term insurance is for a specific term. It's often the least expensive. Your premiums will remain the same throughout the term, and the death benefit is a set amount. If you outlive the term, then you will have to renegotiate life insurance coverage.
Whole life insurance can be purchased at any time, and you can keep the coverage until your death. There's an investment aspect with Whole life, and the premiums are fixed. As you pay your premiums, a portion of the money is invested. This is called cash value, and it builds over time. It is invested by the insurance company, so you get a rate of return on the cash value as well. You can remove cash from the policy, however, this can affect your death benefit.
Universal Life also lasts throughout your life, but it offers more flexibility. You can pay more than the premium if you choose to do so to build up cash value. There's also more transparency regarding cash value investments.
Oregon residents can find life insurance with W.B. Adams Company in Beaverton, OR. Our agents are happy to speak with you to help you determine the right coverage for you and your family.