Life Insurance
Losing someone you love is always difficult. But that pain doesn’t need to be compounded by financial difficulties for those left behind. The right life insurance helps make sure the people you care about will be provided for financially in your absence. Our life insurance experts work with you to understand your goals and priorities and help you create a personalized estate plan, as well as address any tax, investment and asset accumulation issues you may have. Our goal is to help provide your loved ones with long-term security, while providing you with immediate confidence and peace of mind.
Some of the types of insurance we offer:
Whole Life insurance offers level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to keep the policy in force. Whole life policies also provide for the accumulation of cash value on a tax-deferred basis which can be used when you need it, to help with life’s opportunities. Policy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value.
To learn more about Whole Life Insurance, contact us today!
Term Life insurance provides coverage for a fixed period of time and typically may be renewed after the initial contract term expires. Term insurance is typically the least expensive and simplest type of coverage, but does not provide savings. The premiums are lowest when you are young and increase upon renewal as you age.
Advantages to term life insurance:
Affordable – The primary benefit of term life insurance is affordability. The cost of term life insurance is substantially lower than whole life insurance policies. The reason for the lower cost is that a payout is far less likely over a specified period of time.
Large Payouts – Compared to whole life, term life insurance policies generally have a much higher payout to the beneficiary.
Flexible Terms – With term life insurance you can build terms that fit your needs. You get to set the time period it will cover and the amount of the payout in the event of wrongful death. This makes it much easier to find a plan that can be built to fit your budget.
Could you continue to support your family and pay your bills if you were unable to work for any length of time because of illness or injury? If you were to become disabled, do you know how much money would be coming in each month and from what sources?
Some people can rely on group disability coverage provided by their employers and/or government disability income programs. But, for a great many workers, a disability that stops their paycheck would leave them – and their families– in financial hardship. Individual disability income insurance is designed to replace a significant portion of income lost when illness or injury prevents the policyholder from earning a living. It is designed to help pay ongoing bills while the policyholder is recuperating and unable to do his or her job.
Your income is your most valuable asset and is the foundation to a solid financial plan. Help make sure you can maintain your lifestyle and protect your family’s future if you become too sick or hurt to work with Individual Disability Income insurance.
Insurance is an important tool for protecting yourself against risk. For instance, health insurance pays your doctor and hospital bills if you get sick or injured. But how can you protect yourself against the significant financial risk posed by the potential need for long-term care services, either in a nursing home or in your own home?
Long-term care goes beyond medical care and nursing care to include all the assistance you could need if you ever have a chronic illness or disability that leaves you unable to care for yourself for an extended period of time. You can receive long-term care in a nursing home, assisted living facility, or in your own home. Though older people use the most long-term care services, a young or middle-aged person who has been in an accident or suffered a debilitating illness might also need long-term care.
Key employee insurance is a life insurance policy taken out by a business on the life of a key employee to help protect the business in case of an unexpected death. This can be anyone in the business whose death could have a significant impact on the company or may result in a loss of business. This might be the owner, a partner, or an employee whose knowledge and contributions to the company are valuable. The purpose of this life insurance is to help the company survive the blow of losing the person who makes the business work.
Buy Sell insurance can be both life and disability insurance designed to fund a proper buy sell agreement between 2 or more partners in a business. The insurance allows their shares of the business to be correctly allocated to the designated parties involved instead of trying to use cash flow from the business.