Life Insurance
LIFE INSURANCE
MOST PEOPLE DON'T HAVE ENOUGH
Protecting your family both now and in the future is a great place to start. But from providing retirement income to protecting you from market crashes, life insurance can do so much more. While everyone can benefit from life insurance, you may want to consider one type more than another at different points in your life.
Our expert personal guidance can help you figure that out.
With optional add-ons called riders, you life insurance policy can be almost as unique as you are!
Scroll down to learn more.
Term
Term life insurance is the cheapest, simplest type of life insurance. It is temporary, meaning that it will provide a fixed amount of coverage for a certain number of years - 10, 15, 20, 25, or 30 years is typical.
Any life insurance policy that is not a term policy is considered permanent life insurance.
For expenses that you want to make sure are covered but you know they will eventually go away, term insurance is a great option. For example you can:
- Replace a lost income
- Cover college tuition
- Pay off a mortgage & other debt
- Fund a buy-sell agreement
- Prepare for the loss of a key employee
Whole
Whole life insurance is permanent insurance for those looking for lifetime protection with added benefits. In addition to providing a guaranteed death benefit, it also offers an important way to save for the future, helping you to be prepared for whatever lies ahead.
With whole life, the cash value of your policy grows tax deferred—which means you can use it whenever you need to, whether for a new home, college tuition, or an income stream in retirement.
The value of whole life is in its guarantees. Whole life insurance guarantees a fixed rate of cash value growth, a fixed death benefit, and a fixed premium.
Universal
Universal life insurance is one of the two main varieties of permanent life insurance. Unlike term life insurance, a universal policy can be maintained throughout one's entire life.
Universal life insurance builds cash value over time. If and when he/she chooses, the policy owner can cash in the policy and walk away with its cash value.
Universal life insurance is characterized by flexibility, transparency, and affordability. The death benefit, premiums, and cash value are always adjustable to the policyholder.
If you are looking for many of the same benefits found in a whole life policy but cost is a consideration, let's talk about universal life.
Mortgage Protection
A time of mourning is no time to make major financial decisions or face the impending crisis of foreclosure.
Utilizing term insurance to protect your mortgage can ease the financial burden on your family and ensure that they can make the next house payment or even pay it off, in the event of your untimely passing.
Leave the security of a home to your loved ones.
Final Expense
No one likes to think about what will happen after they are gone, but don’t forget about the people who will be left behind and will need to take care of your final arrangements. Final expense insurance is life insurance solely intended to cover those expenses.
Many final expense insurance policies can be underwritten without the designated insured submitting to a medical exam.
If you don’t already have a permanent life insurance policy (whole or universal), buying a final expense insurance policy is a good alternative that will help your loved ones pay for your funeral costs.
Juvenile Life
Juvenile life insurance can help protect your child's future in important ways.
More young people are being diagnosed with health-related conditions that impact their ability to obtain a policy in their adult years. Having life insurance in force before any of those conditions arise guarantees that he/she will always be eligible for coverage.
A policy that builds cash value over time gives your child a jump start on the road to financial independence. They can use the money to help pay for many things including college, a down payment on a home, or a nest egg to lean on in later years.
Policy Evaluation
How have your needs changed since you took out your current life insurance policy?
How does your current policy measure up in light of the existing economic landscape?
Do you have enough coverage? How about too much?
Our team is qualified to evaluate and provide an unbiased assessment of your in force policy.
