LIFE INSURANCE

LIFE

DON’T PUT IT OFF! Far too many people put off applying for life insurance until it’s too late. Once you have a severe medical condition, such as cancer or heart disease, you may be uninsurable for the rest of your life. Don’t rely on life coverage through your employer to be enough either. While it may not cost you any money, the death benefit may not be enough to get your family through just 1 year without your income. We can help you get the proper coverage to make sure your loved ones are financially secure in the event of your death. Your need for life insurance will change many times throughout your life, so give us a call to see how we can assist. We offer many different types of policies, including:

TERM

Set death benefit and set premiums for a specific length of time. The policy pays the death benefit to your beneficiary if your death happens while the policy is in force. We can offer term lengths of 10, 15, 20, 25, and 30 years. Most policies are eligible for conversion to a permanent life insurance policy at the end of the term, without having to prove insurability (no additional questions or exams).  This is the cheapest form of insurance.

TERM WITH RETURN OF PREMIUM (ROP)

This policy works the same as the term policies described above, but if you outlive the term, the insurance company will give you back all the premiums you paid in over the life of the policy. You would also have the option to let the company keep the premium, in exchange for a reduced amount of coverage, for the rest of your life, with NO additional premiums owed, ever.

UNIVERSAL LIFE

These policies are one of two permanent insurance policy options we offer. Permanent insurance means that as long as you’re paying the required premiums, the policy lasts until your death, at which time it pays your beneficiary. A Universal Life policy is a flexible type of policy that allows you to adjust your premiums or death benefit, and potentially builds cash value.

WHOLE LIFE

This is the other permanent insurance policy we offer. Whole life policies come with a guaranteed rate of return, so your premiums will be earning interest, which you can cash in at some point if you choose. It is typically the most expensive form of insurance, but only ends when you die, or choose to stop paying the premiums and take out the accumulated cash.