For Those People You Value Most
Life insurance allows you to live your best life now, without worrying about what would happen to the people who depend on you, should you pass away suddenly. In addition to taking care of those you leave behind and paying for your major expenses after your death, different types of life insurance can even help you save and grow your cash for life’s future needs.
- Pay for final expenes
- Payoff mortgage
- Payoff debts
- Pay federal or estate taxes
- Pay for your child's education
- Pay for life's milestones, including retirement
- Build financial wealth
- Leave a legacy
- Donate to a charity
We offer a variety of different types of life insurance solutions for needs you may have now and down the road. Click here to scroll down a little further below to learn more.
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We’ll start with a comprehensive needs analysis to determine the amount of insurance you need, and what life insurance plan(s) can best provide the financial security you need for you and your loved ones.
- Term Life
- Permanent Life
- Guaranteed Issue
- Final Expense
Term Life is a simple, budget friendly life insurance solution for young people, families on a budget, and for people who may want to convert their term policy to a more permanent solution later down the road. You may also want to supplement a permanent life insurance policy. Generally, it provides the largest immediate amount of protection for the lowest cost and pays a death benefit upon your death.
How it works
Term Life covers you for a set period of time, provided you pay the monthly premium, or in some instances, a lump sum in advance. The policy will pay to the named beneficiary the face amount of the policy (set benefit and/or lump sum) upon death of the insured within the stated term. Depending on the policy, it may also make payments upon terminal or critical illness.
This type of life insurance policy has multiple purposes, however, can be a good fit for anyone who has loved ones who depend on them. Young people who want to invest in their future, or someone nearing retirement may also consider permanent life insurance. Permanent life insurance provides a death benefit to help your family maintain their lifestyle after your death and pays your final expenses and debts. However, it also helps you build wealth and save for the future by building a cash value. Several other advantages of permanent life include borrowing against the policy or building a tax deferred investment income.
Types of Permanent Life Insurance
Whole Life, Variable Life and Universal Life are all types of cash value life insurance. Cash value insurance is also known as permanent life insurance because it provides coverage for the policyholder’s entire life.
Guaranteed-issue life insurance policies can be term or whole life policies that do not require a medical exam, medical tests, or even a medical questionnaire or report, although some guaranteed issue policies ask questions about terminal illness, but some don’t. As with final expense insurance policies, it will pay a death benefit that can be used to cover medical bills, burial costs and unpaid debt and helps protect your family from the financial burden of your final expenses. If a whole life guarantee issue policy, it will also use part of your monthly premium to build a cash value. The great thing about guaranteed issue is they are generally offered to older people between the ages of 50 and 80, regardless of health history.
Although not pleasant to think about, the cost of burying a loved one can cost over $10,000 (according to The National Funeral Directors Association). Final Expense Life Insurance is designed to help protect your loved ones, allowing them time to grieve your passing without worrying about the financial burden of funeral costs.
Final expense policies have a much lower face value because they are intended to only cover costs related to a person’s final expenses. Therefore, these policies can often be purchased at low or reasonable premiums. The really good thing about these policies is the premiums do not ever change and extend to people beyond age 100. Note, the death benefit is guaranteed as long as premiums are paid. Also note that not all final expense policies are guarantee issue.