949-346-5958

Individual Life Insurance

Peace of Mind for you and your Loved Ones

Harbor West Insurance Agency, Inc. provides life insurance to individuals in Mission Viejo, San Clemente, Dana Point, Laguna Niguel, San Juan Capistrano, Ladera Ranch, and surrounding areas.

Individual Life Insurance

Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. 

Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It can even be used to continue payments on your mortgage to help ensure that the family home stays in the family.

At Harbor West Insurance Agency, Inc., we know that choosing a Life Insurance plan is a big decision with many important factors to consider. Our knowledgeable team of insurance professionals is committed to walking you through the process and providing you with the best insurance solution to give you and your family the peace of mind you deserve. 

Types of Individual Life Insurance

Harbor West Insurance Agency, Inc. offers several different coverage options for your consideration: term life, whole life, universal life, and variable life insurance.

Term Life – This is typically the simplest and least expensive insurance option. Term life insurance provides coverage at a fixed rate for a specified period of time. It is a benefit policy that is used primarily to cover financial responsibilities of the insured, with the benefit to be paid only if the insured were to die during the specified term. Most term life policies can be converted to a more permanent insurance solution such as whole life, variable life, or universal life insurance.   

There are two types of term life insurance: 

  • Annual Renewable Term is purchased for a period of one year, with the death benefit to be paid only if the insured were to die during that one-year term, along with the option to renew after the term period.
  • Level Term Life guarantees a fixed premium for a given period of time, usually in terms of 10, 15, 20, or 30 years. Your premium is based on your age and coverage options, with longer terms being more expensive.?

Whole Life – As the most common type of permanent insurance, a whole life policy guarantees a death benefit for the lifetime of the insured as well as a cash value account for savings. Your premium remains constant throughout the duration of the policy while payments over and above your premium are credited to your savings, which earn a fixed rate of interest. 

Universal Life – Universal life policies are designed to be more flexible than other permanent Life Insurance. You are still guaranteed a death benefit for the duration of the policy as well as savings that accumulate cash value, but the flexibility of a Universal Life plan allows you to change certain aspects of your plan to accommodate life changes. 

Depending on your options, you have the flexibility to change the overall value of the death benefit as well as the time and amount in which you pay your premium. This gives you the option to focus on building your policy’s cash value, or pay a lower premium and focus on guaranteed protection. It is important to note that changes to your universal life policy can affect its guarantees and limits.

Variable Universal Life - With a variable universal life (VUL) Insurance policy, you get the same flexible benefits of Universal Life while being able to take advantage of potential economic growth in the stock market. Instead of creating a cash value for savings, the value of your VUL policy is invested in professionally managed funds that reflect the performance of the stock market. This also means that as the policy owner, you assume the risk and responsibility of monitoring your own investments.

Harbor West Insurance Agency, Inc. is here for you

There are many things to take into account when purchasing life insurance, and changes in your life situation can reflect changes in your insurance requirements. That is why it is important to carefully consider the different policy options and ensure that you have the right solution to meet your long-term life insurance needs. 

An insurance specialist with Harbor West Insurance Agency, Inc. will review your current life insurance situation and help you design a policy to plan for the future. 

At the end of the day, one of the biggest investments you can make is an investment in yourself. 

 

Harbor West Insurance Agency, Inc.

25330 Marguerite Pkwy, STE B

Mission Viejo, CA 92692

Main office: 949-346-5958
Fax: 949-768-0543

Office Hours:

Mon: 8:30 AM - 5:00 PM
Tues: 8:30 AM - 5:00 PM
Wed: 8:30 AM - 5:00 PM
Thurs: 8:30 AM - 5:00 PM
Fri: 8:30 AM - 5:00 PM
Sat: By Appointment
Sun: Closed

Our Providers

Testimonials

I googled this company as I wanted to spend my money locally. I got ahold of Rick Keye about some business insurance I needed. He was very helpful in getting my needs met. Rick even came out to my home to have me sign the papers to get it all started. Rick is very professional and has my business from now on. I recommend Rick Keye at Harbor West Insurance Agency to fulfill all your insurance needs. I rate this company as excellent.
Randy Branson
This is Gregg Kell in Lake Arrowhead, CA - a happy auto insurance client of Harbor West Insurance Agency for about 5 years. The personal customer service, quick follow up and professionalism of the staff is great. Particular kudos to Dianne Baldwin who operates with empathy and integrity. I recommend the Harbor West Insurance Agency to individuals and families looking for a competitively priced personal full service insurance agency.
Gregg Kell
For over 10 years I have been getting my insurance through Steve & he has always provided excellent service. I have also referred several friends who are very happy customers too! Great service & a really nice guy!
Colleen Timney
Hi Jay, Thanks for your help last week. Traveler's has been great to work with. They issued a claim right away and are very efficient. The adjuster came by Monday and yesterday I dropped off my car for repair. So far the process has been very smooth. The body shop arranged for a Hertz rental car and I'll pick up my car next week. Thanks again. Hope your foot is feeling better and I'll see you soon, Robin
Robin Clow
Steve, I wanted you to know how well Mercury handled my recent claim. They were efficient, returned calls quickly and really could not have been any better. The adjuster, Sean Bowley, not only did his job well but was kind and very helpful in the process. I have to say he is a real credit to Mercury and certainly has to be one of their outstanding employees. I feel confident having Mercury as my insurance carrier for both my home & car. Thank you. Renee
Renee Clinkunbroomer