Life insurance

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Life insurance is a tool which provides peace of mind by assuring that financial loss or hardship will be alleviated in the event of your death. There are several types of life insurance and we would be happy to help you navigate through them to find the best fit for you.

Our life insurance products include:

Term 10, 20 or 30
● Purpose is to cover temporary needs i.e debt, dependency of children
● Generally the least expensive way to purchase a substantial amount of insurance
● Most products expire at age 80-85
● Premiums will increase at the end of each term
● Term products do not offer cash value and no portion of the premiums will be refunded
● May be converted into permanent plans

Term 100
● Coverage offers fixed premiums and guaranteed death benefits
● Designed to cover the insured’s entire life
● May have cash value

Universal Life
● Permanent type of insurance with flexible premium payments up to a maximum
● An investment component allows overfunding of a policy
● Any investment income earned is tax sheltered
● Initial investment and additional income earned becomes a part of the death benefit
● Investment options may be with or without guarantees

Guaranteed Issue
● Permanent insurance designed to protect those with serious insurable conditions
● The life insured may be limited to accident only coverage for the first two years of the policy
● No medical required