Adrian Heredia, Life Insurance Agent
Adrian Heredia
Beacon Light Insurance Services
Bilingual English & Español
Life Insurance Agent Licensed in CA
Contact Details
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Location
Oxnard, CA
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Website
Adrian Can Help With:
About Me
Hi, my name is Adrian and I am your local life insurance agent. My passion is helping families prepare for the future by finding coverage that offers peace of mind and financial protection. I will guide you through the options available.
Q&A with Adrian Heredia
How do life insurance companies decide your premium rate?
Answer: Companies look at a few different risk factors in deciding how much to charge. We have years, decades of data to make sure the company can stay in business with the rates and quantity of clients they have. We know how many people pass away at which years and from what. So with all the data there are some complicated formulas but that make sense. If you have high blood pressure we know you are more at risk than someone at your same age with no high blood pressure. Some of it is just common sense. For example men pay more for the same insurance at the same age of women, seems sexist but it's from the data and probably because we are more likely to do some crazy things hahaha for example women comprise only 18% of motorcycle riders. Not that motorcycling is crazy but more risky than non-motorcycle riders. Hope that helps. That being said the only way to know what it will cost you is to apply and go through the process.
What is the difference between a beneficiary and a contingent beneficiary?
Answer: Simply put a beneficiary is the person someone wants to receive any benefits should the policy holder pass away. For example a person's spouse. One can elect a contingent beneficiary a son/daughter in the event the first beneficiary were to have passed away as well. God forbid a couple were to pass away in a tragic accident then since the original beneficiary the spouse in this case has passed away the contingent beneficiary would now receive the benefits left behind by the deceased individual/individuals.