Protect the people who are the most important to you.
Protections like home, renters, and auto insurance are a part of our day-to-day life, but we don’t think as much about life insurance. A life insurance policy can help provide for the people who are most important to you after you pass away, easing any financial burden and providing you peace of mind in the present.
Now is the best time to prepare for the future, so let’s explore what life insurance is and the benefits it provides.
What is life insurance?
Life insurance is an insurance policy where your premium payments ensure a payment to your beneficiaries in the event of your passing. These payments can help your loved ones manage any financial strain associated with anything from day-to-day expenses to debt payments, college funds for your children, and more.
Insurance providers often offer multiple types of coverage, including:
Term Life Insurance
- Affordable, high-coverage protection for a specified time (term).
- Benefits are paid to your beneficiaries should you pass away during the term.
- Premiums and benefits may change over time depending on the policy.
Whole Life Insurance
- Coverage lasts for your entire life.
- Rates will remain the same throughout your lifetime.
- The policy builds cash value over time, providing a potential source of money prior to your passing.
Guaranteed Acceptance Whole Life
- Includes all of the benefits of Whole Life Insurance (with some limitation in the first two years).
- Guarantees your acceptance regardless of your health with no health questions or medical exams.
- Instant coverage as of your first payment.
How do I choose the right insurance for me?
Life insurance can provide peace of mind as help you protect the financial future of the ones you love. To help pick the right insurance for your situation, start by turning to a trusted advisor at your financial institution. A properly licensed agent can help you decide what makes the most sense for you based on how much support you’d like to provide to your loved ones and what your budget is.
First Entertainment’s team offers individualized guidance to our members as you explore your life insurance options. To learn more and get started today, visit us online or speak to one of our personal bankers.
Cynthia Padilla, Insurance Agent, MBIS (Hollywood Branch)
323.845.4489
cpadi@firstent.org
Maria Okafor, Insurance Agent, MBIS (Hollywood Branch)
323.845.4494
mokaf@firstent.org
Monique Garcia, Insurance Agent, MBIS (Culver City Branch)
323.845.4495
mgarc@firstent.org
Media Benefits Insurance Services
License#0H99393
6735 Forest Lawn Dr., Hollywood, CA 90068
insurance@firstent.org
www.firstent.org
Disclosures
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Insurance services offered through Media Benefits Insurance Services CA Lic#0H99393, a DBA for Media Benefits Corp., which is a wholly-owned subsidiary of First Entertainment Credit Union. This content is for informational purposes only and not for the purpose of providing professional, financial, medical, or legal advice. You should contact your licensed professional to obtain advice with respect to any particular issue or problem.
