Life Insurance
In the event of your passing, Life Insurance provides money directly to your beneficiaries. They can use the money for whatever they deem necessary, such as:
Making up for your lost income
Funding your children's education
Paying off household debt
Paying for your funeral and other related expenses
In addition, permanent life insurance offers a cash value component which can be put to good use during your lifetime.
Term Life
Term Life features temporary, cost-effective coverage with the ability to change with your needs and the flexibility to change your policy when your needs turn into permanent goals.
Term life also provides:
An affordable way to get maximum coverage.
Coverage for specific financial responsibilities like a
mortgage or college expenses.
A supplement for your Permanent Life Insurance during periods
when coverage needs are higher, like when you are raising a family
or paying a mortgage.
Some things you should consider
about Term Life:
There is NO cash value accumulation.
Continuing your coverage after the initial level
premium-paying term expires can be very expensive.
Whole Life
Whole life is a permanent policy that provides a fixed premium as well as guarantees your death benefit and a cash value account.
Most whole life policies also provide dividends (which are not guaranteed) or an interest account that is tied to a variety of crediting indexes.
Premiums are generally payable for the life of the contract.
Universal Life
Universal Life is a form of permanent life insurance which provides affordable guaranteed protection and flexibility.
With the flexibility that a Universal Life insurance policy allows, you can change (within some limitations) the death benefit and the timing and amount of your premium. You can also build your policy's cash value or pay a lower premium, focusing more on guaranteed protection.
for you if you want:
The protection which can last a lifetime
The flexibility to choose between two policy designs:
Protection plus cash accumulation
Or it can help you focus on affordable guaranteed protection with an option for a lifetime of guaranteed monthly income for your beneficiaries.
Some things to consider about
Universal Life:
Cash value growth is based on periodically-declared fixed
interest rates. Should rates fall, cash accumulation could suffer
and higher premiums may be needed.
Changing your policy's performance and guarantees can require
higher premiums later.
Annuities
Tired of watching your savings
move up and down as the market changes? Worried that your nest egg
will not be enough to allow you to retire when you
want?
Then consider these benefits of an
Equity
Indexed Annuity:
Safety of premium - Your account can never
be below what you deposit if held to maturity.
All market gains are locked in. Any market losses are not
taken back.
All gains are tax deferred - as opposed to CDs and other
investments which are taxed as earned.
10% annual withdrawal feature for liquidity.
Annuities are not subject to Probate.
Can provide income for life.
Provides riders which will allow you to access funds to pay
for Nursing Home / Confinement charges.
Survivorship Life
Survivorship Life Insurance is a policy that insures two people simultaneously.
This type of insurance is handy to offset large estate tax issues or business buy-sell agreements.
Most policies pay the death benefit when the second person dies but some pay on the first death.
Review our life insurance options on this page to determine which
policy fits your needs.
If you are bewildered by the different policy types we can help you
sort that out. Click the
More Info button below to be directed to our Contact page so we can
guide you to the correct policy.
Below are just a few of the carriers we offer:
