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Individual Life Insurance

Peace of Mind for you and your Loved Ones.

Coastal States Insurance Services provides life insurance to individuals in Ventura, Oxnard, Camarillo, Santa Paula, Port Hueneme, Thousand Oaks, 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 Coastal States Insurance Services, 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

Coastal States Insurance Services 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’s a benefit policy that’s 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 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’s 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.

Coastal States Insurance Services 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’s why it’s 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 Coastal States Insurance Services 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. 

 

Our Locations

Coastal States Insurance Services

1986 S. Victoria Ave
Ventura, CA 93003
Main office: 805-421-4490
Toll free: 800-840-5290

Coastal States Insurance Services

502 1st St. Suite C
Paso Robles, CA 93446
Main office: 805-835-4236
Toll free: 800-840-5290

Our Providers

Coastal States Insurance saved me over $100 on my auto insurance, and I was even able to get more coverage in addition to what I already had! I was so happy to have called an agency that really cared to help me and my family save as much money as possible. I highly recommend them to anyone looking to save money or simply see what other options are out there. Thank you so much Justin and Dave!! - Karyn Hernandez-Ventura, CA
K. Hernandez-Facebook.com
I own and manage a tightly run manufacturing operation here in Oxnard, CA. I have trusted Coastal States Insurance for over 20 years in managing my coverage and let me tell you, this is an agency that is straight to the point. No games, very informative, educated me on coverage's that I ended up needing at a time of an accident. I would recommend these guys to anyone who is looking for a solid team to protect anything necessary. Thanks again Ron. John D. CI manufacturing bros. inc.
John D.
Coastal States Insurance has consistently offered me a cheaper premium than anyone else who even bothers to try these days. I look for patience, customer service, and a team that has mine and my family's well being from day one. I recommend this agency to a lot of my friends who is also covered by them and all I ever hear is great stories. Thank you for taking care of me and my family Ron, we support you the entire way. Congratulations on your new office, its beautiful !!! Hector Cervantes- Cervantes Landscaping
Hector C.
Mitchell Weiss takes great care of me and our Doggy Daycare business. With such a huge risk everyday being around dogs , it important to have an agent who is on our side to ensure we have the right coverage at a price we can afford. Thank you so much Mitchell ! Doggin' Around Daycare- Ventura CA.
Nancy Barna
Ron Hayduk is the best in the industry state wide. If anyone you work with is even half as good as what Ron has been able to do for us and my company, you are in great hands. Thank you Ron, its rare to find a Broker like you in todays market. Straight to the point, no bs, we can appreciate that.
Danny s. - Farm Labor Contractors Assc.