Life Insurance

Its difficult to imagine, but there may be an unfortunate time when you won’t be there to support your family. What will they do without you? Life insurance provides the necessary protection for your family’s financial future. Whether you’re an individual or family, business owner or single parent, there’s no wrong time to get life insurance.

One of our experienced life insurance advisors will assist you before making any decisions regarding life insurance protecting you and your family. Our of advisors will provide a complimentary personal assessment your life insurance needs. There are many coverage options to choose from, and we will discover the best life insurance policy for you and your family needs.

How Much Life Insurance Do I Need?

Determining the necessary amount of life insurance can be tricky. It depends on a number of variables including your marital status, number of dependents, current and projected income. The value of your assets, and your preferred lifestyle. We cannot stress how important it is to talk to an experienced life insurance agent.

Types of Life Insurance

There are two main types of life insurance: temporary and permanent. Our life insurance offerings include a variety of options for each type of coverage.

Temporary life insurance, often called term life insurance, refers to a policy that is active for a set period of time. Generally speaking, term life insurance provides the most coverage for your insurance dollar. It may be the best choice if your needs are temporary or your funds are limited. The downside of term life insurance is that it is only active for the specified length of coverage and does not accumulate cash value. A term insurance premium usually increases with age at each renewal. The three main factors concerning term insurance are the face amount, premium, and coverage term.

Permanent life insurance is life insurance that remains active until the policy matures as long as the premium is paid. Permanent life insurance policies accumulate cash value, the cash reserve can be accessed at low interest rates through income tax free policy loans. If there are unpaid policy loans upon death of the insured, the loan amount is simply subtracted from the death benefit. Although the coverage and the premium will not change overtime with whole life insurance, policyholders can request additional temporary or permanent coverage in exchange for a premium increase. Additionally the insurer cannot cancel the policy for any reason other than a fraudulent application. There are two main types of permanent life insurance: whole life and universal life.

 

An Advisor For You

One of our experienced life insurance advisors will assist you before making any decisions regarding life insurance protecting you and your family. Our advisors will provide a complimentary personal assessment your life insurance coverage needs. There are many coverage options to choose from, and one of our advisor will discover the best policy for you and your family needs.

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