Life Insurance for Individuals and families
Why do you buy life insurance?
Have you prepared for the unexpected by considering a life insurance policy? For many, the possibility of feeling financially strained after the loss of a loved one could happen in as little as six months.
Maybe it’s to provide such things as:
- Income for your family if you are no longer there to support them.
- An Emergency Fund for your family to dip into for a vacation, trade up for a new car every 7 years or so if you’re not there to help them.
- Pay off your mortgage that the two of you took out on your home based on a joint income.
- Provide a guaranteed college education for your children if the worse thing happens.
Life insurance gives you the comfort of knowing whatever happens in the future your family will have sufficient income/cash to complete your financial objectives if you are not here to help complete them.
Protect
Your Priorities
Protect the Best
Things in Life
The Power
of
Living Benefits
How Life Insurance
Can Be Used During your Lifetime
Tips for Reviewing
Your Life Insurance
Term vs. Whole Life
Permanent Insurance
Helpful Information and Links
Can you buy life insurance if you are pregnant?
How About Your Business?
- Will there be enough cash to keep the business going? If you are a sole proprietor who would take over your business?
- Do you have a Formal Buy/Sell Agreement with your business partners or shareholders in case you or one of your business partners or shareholders should die?
- Do you know the hazards of not having a Formal Buy/Sell Agreement drafted by an attorney that specializes in Buy/Sell Agreements?
- Do you have a key person in your business that if they were lost to a new employer because of a higher salary or lost due to their death that would hurt your company financially?
What Are the Different Types of Life Insurance?
Term Insurance
Term insurance in it’s generic name is defined as life insurance for a specified period, i.e., 5 year, 10 year, 15 Year, 20 Year, 30 Year and now some companies are even offering 40 year Term. Once the term expires the life insurance expires.
- Term insurance has no cash value
- Optional Benefits: Joint Insurance Riders (Spouse), Children’s Term Insurance Riders, Waiver of Premium (pays the premium after a 90 day waiting period due to a permanent disability), Accidental Death Benefits (Double Indemnity), and Conversion privileges.
Some companies offer Accelerated Death Benefits for Critical, Chronic and Terminal Illness.
Term plans for every life milestone. Click Here.
Get A QUOTE FOR TERM INSURANCE
We have access to over 90 highly rated life insurance companies so we can offer you the best possible rate:
Many times, due to health reasons people apply for life insurance and are turned down or are highly rated. We have had a lot of experience with Impaired Risk Cases and many times we have been successful in placing these types of cases. Give us a try, It’s FREE to find out if we can help you.
Permanent Life Insurance
Life insurance that stays in force for a stated period or can be to age 120.
Guaranteed Indexed Universal Life Insurance
- Guaranteed Death Benefit for the duration the client specifies, even up to age 120.
- Premium Recovery Options.
- Accelerated death benefit for Critical, Chronic and Terminal Illness.
- Low Face Amounts starting at $25,000.
- Policy Loans available.
Non- Guaranteed Indexed Universal Life Insurance:
- Potential for long-term growth.
- Premium Recovery Options.
- Some companies offer an Optional Premium Guarantee Rider that extends the No-Lapse Guarantee period to any age up to age 120.
- Some companies offer Guaranteed Net Zero Cost Loans.
- Accelerated death benefit for Critical, Chronic and Terminal Illness.
o Watch This Video to learn how Indexed Universal Life works
Optional Benefits for Indexed Universal Life policies: Joint Insurance Riders (Spouse), Children’s Term Insurance Riders, Waiver of Premium (pays the premium after a 90-day waiting period due to a permanent disability), Accidental Death Benefits (Double Indemnity) and Guaranteed Insurability Riders.
Whole Life Insurance
A life insurance policy that usually stays in force your whole life. Premiums are guaranteed for the life of the policy.
Two types of Whole Life policies
- Participating: Pays dividends from company surplus which can be used to offset premiums, purchase additional life insurance, or accumulate along with the cash value in the policy.
- Non-Participating: These companies do not pay a dividend. Optional Benefits for Whole Life policies: Joint Insurance Riders (Spouse), Children’s Term Insurance Riders, Waiver of Premium (pays the premium after a 90-day waiting period due to a permanent disability), Accidental Death Benefits (Double Indemnity) and Guaranteed Insurability Riders. Some companies offer Accelerated Death Benefits for Critical, Chronic and Terminal Illness.
Protect
Your Priorities
Protect the Best
Things in Life
“THE BEST THINGS IN LIFE ARE THE ONES WE LOVE, PROTECT THEM WITH LIFE INSURANCE.”