Term Life Insurance
This will give you the best price of all of life insurance policies. It has no cash values and can be purchased for certain periods of time such as 5, 10, 15, 20, 25 and 30 years. This is a perfect product to cover a mortgage or obligation. It can give you immediate protection for the least amount of premium. We can get you multiple quotes from major life insurance carriers in just minutes.
Universal Life Insurance
Universal life insurance is a type of permanent life insurance based on a cash value. That is, the policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value of the policy. The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance (COI) charge, as well as any other policy charges and fees which are drawn from the cash value if no premium payment is made that month. The interest credited to the account is determined by the insurer; sometimes it is pegged to a financial index such as a bond or other interest rate index. Universal life is similar in some ways to, and was developed from whole life insurance. The advantage of the universal life policy is its premium flexibility and adjustable death benefits. The death benefit can be increased (subject to insurability), or decreased at the policy owner’s request.
The premiums are flexible, from a minimum amount specified in the policy, to the maximum amount allowed by the contract. The primary difference is that the universal life policy shifts some of the risk for maintaining the death benefit to the policy owner. In a whole life policy, as long as every premium payment is made, the death benefit is guaranteed to the maturity date in the policy, usually age 95 to age 121. A UL policy will lapse when the cash values are no longer sufficient to cover the cost of insurance and policy administrative expenses.
Whole Life Insurance
This is a permanent form of life insurance that will provide a level premium for the life of the contract. Premiums will never go up and it will build cash value over time. This is a perfect product for estate planning.
Individual Disability Insurance
Individual disability insurance is a very important part of a family’s financial security. This will help protect the income stream of the family’s income providers in case of an injury or sickness. This will protect your life style and can be used to all the monthly bills that will pile up due to an injury or illness. Most families can afford being off work for a few weeks but what if a few weeks turn into a few months, a few years or more? This coverage can take care of the worries of paying your bills while you focus on getting better
Long Term Care Life Insurance
Long Term Care insurance is a great product to take care of you while you are in a skilled nursing facility. In ancient Greece the average person lived to age 18. Today we live to be much older. Some people can make it the century mark of age 100! Today it can cost up to $75,000 per year to stay in long term skilled nursing facilities. Would you have this kind of money to spare when you need it? Long term care insurance can provide the protection to take care of you while keeping you assets you worked so hard to accumulate intact.
Group Life Insurance Policies
From 2 to any number of employees. This can be employer paid or on a voluntary basis with a payable deduction arrangement. Limits can vary by class or individuals needs.
Group Disability Insurance
Protect each employees income in case of an unforeseen accident or illness at very affordable group rates. It offers protection to pay mortgage payments, buy groceries, car payments until you return to work. This coverage can be on an employer paid or a voluntary basis, It can be on a short term basis for 13 and 26 week benefit periods or on a long term basis for to the age of retirement.