Sofi Insurance Services Offers Assistance for Finding Life Insurance

LOS ANGELES, CA, November 26, 2012 (Press-News.org) Purchasing life insurance can be a terrifying proposition. The process can involve extensive searching, studying and comparing various policies to pick the one that best meets that individual or family's needs and budget. Sofi Insurance Services is now offering assistance to those looking for life insurance.

Fewer than half of all Americans currently hold life insurance plans, a number that is currently at a 50-year low. Although unemployment, expense and confusion may be behind these record low numbers, millions of these individuals without life insurance have dependents who would struggle to pay everyday bills if they lost their primary breadwinner.

Life insurance plans should be considered a part of a family's overall financial plans. Families with young children, couples with children in college and those who have extensive bills should consider life insurance in order to ensure their dependents and heirs are protected no matter what. Life insurance can pay for both short- and long-term expenses, such as funeral costs, estate taxes, living expenses, education and more.

Many people delay shopping for life insurance until they are facing a major life event, such as the loss of a loved one or a potentially serious health situation. By purchasing life insurance before it is needed, they can provide themselves with the time they need to carefully weigh their options.

In order to ensure adequate life insurance coverage, most people will need to replace between three and 15 times their annual income as well as any outstanding debts, such as mortgages, car loans and credit card debts. Several different types of life insurance are available today, including term life insurance and whole life insurance. Term life insurance is the most common form, and it provides coverage for a specific number of years. Premiums are predetermined and paid monthly, quarterly or annually. Whole life insurance is both insurance and an investment, and it builds cash value over time.

The Los Angeles health insurance professionals at Sofi Insurance can help individuals find the right student health insurance plans, family health insurance plans or individual health insurance plans in Los Angeles to meet their needs.

Visit Sofi Insurance Services' office at 16661 Ventura Blvd #700 in Encino, CA 91436, or call (800) 636-7707 for more information. You can also visit http://www.lahealthcoverage.com.