A personal life insurance policy at its most basic level is a contract between you and an insurance company to pay a sum of money to your beneficiaries in the event of your death. If you pass away while your policy is in force, the payout can help cover your final expenses and help make up for the lack of your income. With life insurance coverage, you can feel secure knowing that your loved ones will have some help covering your final expenses and other financial needs they’ll face without you.

Life Insurance for Families

We can provide you with protection for what matters most: your family. Life Insurance provides financial security for the unthinkable. Our licensed expert can explain benefits and coverage levels so you feel confident in your choice of protection.

Term Life Insurance

One of the best ways to protect your family and loved ones if the main breadwinner becomes Ill, Disabled or passes away is with Life insurance with Living Benefits. If you are the main provider, think of the devastating financial impact you could leave behind if you don’t plan ahead. Term life insurance is a cost effective solution to secure a large death benefit for a lower premium.

Term life Insurance is typically available in 10, 15,20 or 30 year periods with the ability to Renew the policy or Convert to a permanent policy. In most cases, during the Term period your premiums will not increase and your Benefit will remain the same. An exception to this is if you have an Increasing policy or one through your employer that could increase periodically.

Term Life is an ideal solution for:

  • A young family with children
  • An adult with Dependent parents or other relatives
  • A professional during their working years
  • A single parent with children
  • Mortgage and Asset protection
  • A healthy individual with family history of disease or illness
  • Estate planning

Permanent Life Insurance

Permanent Life provides a solution for someone who wants lifelong protection and is able to pay higher premiums for a pre-determined amount of time or for life. Permanent life insurance has the potential to earn cash value if sufficiently funded and provide access to the cash value through tax free loan or withdrawals*

Different types of Permanent Life Insurance

  • Whole Life – fixed interest rate, permanent solution. An option for someone who is looking for permanent life more than cash accumulation
  • Universal Life – minimum guaranteed** interest rate with the potential to earn more interest, flexible premiums and death benefit
  • Indexed Universal Life – Index linked interest credits, flexible premiums and death benefit, potential for more interest than Whole or Universal

Living Benefits

What are Living Benefits? Life insurance can do more than pay a claim when someone passes away. With optional Riders you may be able to accelerate the death benefit if you experience a qualifying illness, injury or disability. Living Benefits may be available with term or permanent life insurance.

Living benefits may be provided by no-additional premium accelerated benefit riders.

Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy. Receipt of Accelerated Benefits may be a taxable event, may affect your eligibility for public assistance programs, and may reduce or eliminate other policy and rider benefits. Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you.

Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products. This is not a solicitation of any specific insurance policy.

*Policy loans and withdrawals reduce the policy’s cash value and death benefit and may result in a taxable event. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. Surrender charges may reduce the policy’s cash value in early years.

**Guarantees are dependent upon the claims paying ability of the issuing company

For questions or more details please schedule a consultation.



CA LIC# 0K13710

At Praetorian Financial and Insurance Services INC, we believe that insurance is an integral and necessary commodity that should not be undervalued or ignored. Planning ahead for risk, loss, or catastrophe is the reasonable and financially responsible action one can take to adequately protect what they care about most.

Life is uncertain, unpredictable and out of our/your control. But what we/you can control to a degree is the financial impact experienced during a time of loss. When a life altering event strikes suddenly and without warning, you can have a measure of comfort and peace of mind. Call PFIS today or schedule your free consultation and protect what matters most.

Office Location


Praetorian Financial & Insurance Services Inc.
369 Main St #207
Salinas, CA 93901