Term Life Insurance
Term life insurance represents the most affordable method of protecting one's family and assets. It is intended as a temporary insurance protection. The word "Term" is key to knowing differences between life insurance types.
We can shop your term life insurance around to a variety of carriers to help you get the best rate and underwriting for your situation. We have access to the solid quality life insurance carriers who will be there when you need them. We obtain the lowest possible cost available for you on term life insurance with many different carriers.
Call for a free, no obligation quote or use a quote form request to can get our lowest price indication from one of our many quality stable carriers.
Popular plan options for term life insurance include: increasing premium annual renewable term and term life insurance with guarantee flat premium periods of 10, 15, 20, 25 and 30 years. Most term polcies have a guaranteed conversion option to convert the poicy to a "permanent" life insurance product offered by the carrier.
For most people wanting to purchase life insurance coverage, It is our recommendation to secure a Convertible Term Life Policy prouct with a sable quality life carrier first. In this way you will maintain your future insurablity by having "your foot in the door" and have in force life coverage at the lowest price possible with the future option to convert to a Permanent Life Policy product.
Permanent Life Insurance
There are two types of "permanent" life insurance, Universal Life and Whole Life.
Universal life insurance is designed to offer flexibility in terms of design and funding. A universal life policy is intended as a permanent insurance product that can remain in force to age 121 with a minimum of cash surrender value. It's flexible design allows it to be built on a cash savings platform. With higher paid premiums universal life insurance can build and provide higher tax deferred cash values.
Whole life insurance is designed to provide insurance coverage for a person's whole life. Most whole life policies endow at age 121. Whole life insurance is designed to provide a stable death benefit at even the minimum guaranteed earning of the insurance company on the policy. Some companies pay dividends on whole life policies which can be taken as cash or re-invested in the policy to increase the death benefit.
Link here for more basic information on Life Insurance or contact our office to discuss your questions.
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Disability Income Insurance
Could you continue to take care of your family and pay your bills if you were sick or injured and unable to work for any length of time? How much money would be coming in each month if you were to become disabled?
Not everyone is covered for disability income. Some employees receive benefits from their employer’s group disability coverage. Others may be covered by limited government disability programs. But, for many people, an illness or injury that stops their paychecks would create financial problems for them and their families.
Disability income insurance can help. It is designed to replace a major portion of income when sickness or injury prevents a person from earning a living. It can help pay regular monthly bills while a person is recovering, but is still unable to do his or her job.
Your chances of being disabled at some time during your working career are probably higher than you think. According to the Social Security Administration's Disability Benefits brochure, "Studies show that a 20-year-old worker has a 3-in-10 chance of becoming disabled before reaching retirement age" (SSA Publication No. 05-10029: www.ssa.gov/dibplan/index.htm). Of course, the chances that any one individual will be disabled before retirement depends on many factors, including age, general health, and occupation.
Like Life Insurance, the time to prepare for a loss of income from a work Disability must occur prior to a sickness or injury.
We have several Carrier Partners which can provide just the right program for you. The cost of this important coverage in most cases is affordable which is designed to fit into your monthly budget.
Obtain a Disability Income Insurance QUOTE FORM here.