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Individual Life Insurance

Peace of Mind for you and your Loved Ones

Altech Insurance Agency provides life insurance to individuals in Vancouver, Portland, Ridgefield, Washougal , Camas, Battle Ground, 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 Altech Insurance Agency, 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

Altech Insurance Agency 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.

Altech Insurance Agency 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 Altech Insurance Agency 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 Location

Altech Insurance - Vancouver, WA

7813 NE 13th Ave
Vancouver, WA 98665
Main office: 360-573-3080
Fax: 360-573-7750

Our Providers

Testimonials

I've been using Altech for my insurance needs for over 15 years and have yet to be disappointed. They are the best at shopping for policies, they're easy to work with and have always been more than helpful. I would not hesitate to recommend them to anyone of my friends or family members.

Mik H.
The best insurance agency I have ever dealt with - and there's been a long list!!!!!!

Ron S.
They are understanding, caring, thoughtful, professional, and knowledgeable. I trust them and know that they have my best interest at heart. I can't imagine going anywhere else because they make me feel like their top priority whenever I call. Thank you Altech for being always being there for me and always making me feel welcome.

Steven E.
7+ years of dealing with Altech, for auto and renters insurance, we're very happy. Everyone we've referred is also very happy. Honest, quick service, return calls when they say they will, that's a big deal around here.

Gary V.
A Lasting Tradition of Excellence, Caring & Honesty is a wonderful motto for this company. Thank you Altech for your wonderful years of taking care of my family.

Sheryl L.
As a small business owner, finding true professionals to work with can be a task in itself. After contacting a number of insurance agents, I felt a kindred soul with Neil at Altech Insurance. I highly recommend Neil and his team for all your insurance needs.

Dustin
Altech Insurance Agency is the best. Thanks for all your help.

Dan and Jenny
Altech is a full service agent that will be there with you from the inception of your policy and available to answer all your insurance questions. I would highly recommend them for any of your insurance needs.

Chris S
Altech actually answers the phone and took as much time as I needed to answer my questions. It has been a stroke of luck to find an agency that puts me first, and listens and explains insurance so I can understand it. I would highly recommend giving them a call!

John W.
My family has been with Altech Insurance since January 1, 2003. Neil Worland and staff has taken care of our Home, Auto, Boat, and life insurance for all these year. This office is just wonderful, you feel like you have a friend when you need something or HELP, even after office hours.

Sheryl L.
Altech has always treated us well and with respect. They are not only in business to make money, but also to build relationships with their clients. They will work to get you the best deal and will always make sure you have the amount of coverage and the right coverage for your needs. I have never felt like a number when dealing with them. I highly recommend them for all of your insurance needs.

Mike R.
The best insurance agent we have ever had. Gives us the best prices on our insurance plans every year. Exceptional customer service. Answers the phone and gets information to us super fast. We will never use another agent. We are spoiled with Neil, thank you, thank you!

Pam H.