Life Insurance in Bakersfield
Professional Benefits Team Inc is the leading life insurance broker serving Bakersfield and the surrounding area. Since opening our doors, we’ve earned a strong reputation as a trustworthy service provider, one known for quality advice, stellar service, and highly competitive rates. We help you understand your options and navigate the world of insurance, finding you the right plan to suit your needs, wants, and budget.
To schedule a consultation, give us a call at (559) 275-7706 today.
Book An AppointmentWhat Expenses Can Professional Benefits Team Inc's Life Insurance Policies Cover?
A well-structured policy from Professional Benefits Team Inc can help protect your loved ones from a wide range of financial burdens after you're gone. It gives your family the financial security they need to continue living comfortably and confidently in your absence.
Some of the common expenses that life insurance benefits can help cover include:
- Mortgage or rent payments
- Everyday living expenses (groceries, utilities, etc.)
- Outstanding credit card or personal loan debt
- Funeral and burial costs
- Childcare and education expenses
- Medical bills not covered by health insurance
- Income replacement for dependents
- Estate taxes or legal fees
Understanding Life Insurance
Life insurance is a binding contract between a client and an insurance company, wherein the client will purchase life insurance coverage, and the company will agree to pay out benefits when needed, usually upon the death of the purchaser. Some life insurance policies expire, while others are permanent.
Professional Benefits Team Inc can help you explore your options, weigh their advantages, and choose the right one for you. Whether you’re an individual looking to protect your family or an employer looking for a group plan, we’re sure to find just what you need.
Group Life Insurance
Many workers will receive a group life insurance policy through their employer. That’s what we’re here to deliver.
We’re proud to be a leading broker for group insurance plans. We provide some of the most comprehensive and affordable life insurance packages on the market, saving you money while ensuring everyone has the full coverage they deserve. To see what we can do for you, be sure to contact us today.
Types of Life Insurance Coverage
There are three main types of life insurance:
Whole Life Insurance
Whole life insurance is the most comprehensive coverage option. It does not expire and sometimes pays out dividends, which means that you have the potential to earn money over a lifetime. In this sense, whole life insurance can be treated as more of a lifetime asset.
Term Life Insurance
Term life insurance is the most affordable coverage option, and the most basic. It comes with a fixed term of insurance, meaning it will expire once the initial term has elapsed.
Universal Life Insurance
Universal life insurance is yet another option that acts more like an investment. With universal life insurance, you may be able to earn interest over time, but the financing will also be subject to some risk.
How Do You Calculate the Right Insurance Policy for Your Situation?
Choosing the right life insurance policy starts with a clear understanding of your financial obligations, goals, and dependents' needs. You'll want to consider how much income your loved ones would need to maintain their current lifestyle, pay off any outstanding debts, cover funeral costs, and potentially fund future expenses like college tuition. A good rule of thumb is to aim for a policy that's at least 10 to 15 times your annual income, but everyone's situation is different, and that number might need adjusting.
Don't forget to factor in your existing assets, employer-provided benefits, and any other coverage you might already have. One of our licensed agents can walk you through a needs analysis to help determine the most appropriate policy size and structure.
How Is Your Monthly Life Insurance Premium Determined?
Your monthly premium is based on a range of factors, including your age, health status, lifestyle habits, the type of policy you choose, and how much coverage you're applying for. Younger, healthier individuals usually pay lower premiums because they pose less risk to the insurer. Smokers or people with chronic health conditions may see higher monthly costs due to increased risk.
The type of policy you select—term, whole life, or universal life—also affects your premium. Term life is typically the most affordable option, while permanent policies offer lifelong coverage and cash value accumulation at a higher cost. Insurance companies will also consider your occupation, family medical history, and hobbies during underwriting.
How Fast Are Life Insurance Benefits Paid Out?
Life insurance benefits are typically paid out within 14 to 60 days after the claim is filed and all required documentation is received. If the paperwork is complete and there are no complications, the payout can happen even sooner. Some companies offer expedited processing for smaller policies or when death occurs under clearly natural circumstances.
Delays may occur if the insurer needs to investigate the cause of death, particularly if it happened within the policy’s contestability period (usually the first two years). To avoid delays, beneficiaries should file promptly and ensure all documents, including the death certificate and claim forms, are submitted accurately.
At our offices, our team assists families through the claims process to make sure they receive benefits without unnecessary wait times or delays.
Assessing Your Life Insurance Options
A person of any age can purchase life insurance. But the longer you wait, the more expensive the investment will be. If you are buying life insurance at a younger age, you are more likely to get a lower premium. It’s essential to have your medical records up to date and available as a part of your life insurance application.
To review the various life insurance options, or to start the application process today, get in touch with the team of experts at Professional Benefits Team Inc.
Professional Benefits Team Inc: Bakersfield’s Leading Life Insurance Company
Get in Touch Today
Understanding your life insurance policy and knowing which option is best for you and your family isn’t easy, which is why Professional Benefits Team Inc stands out as one of the best life insurance companies in the area. Our team is here to guide you from start to finish. We’ll help you find the coverage you need at the fair price you want.
To get started, be sure to contact us today.
Looking for life insurance in Bakersfield? Contact us at (559) 275-7706.