LIFE INSURANCE
Family is most important thing for anyone...
A life insurance policy provides financial protection for your family in the event of your death. Don’t leave your personal affairs as a burden to your family. You make a contract with the insurance company, which pays a certain amount of money to your family upon your death. Your policy may also include features that would allow you to access a portion of the death benefit if you experience a qualifying medical condition or illness. There are even policies that provide a retirement benefit to their package.
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Life Insurance Purposes
Life insurance can be tricky to navigate. Managed care insurance plans require policyholders to receive care from a network of designated health care providers for the highest level of coverage. If patients seek care outside the network, they must pay a higher percentage of the cost. In some cases, the insurance company may even refuse payment outright for services obtained out of network. Many managed care plans require patients to choose a primary care physician who oversees the patient’s care and makes recommendations about treatment.
- Final expense to cover funeral cost or debt
- Leave tax free inheritance for loved ones
- Cross coverage for buyout of business partners
- A secure and tax free haven for retirement funds
- Flexibility to access funds in the case of a catastrophic illness or event
Insurer Services
Our team offers the following types of benefits:
- Whole Life- Often used for juveniles or adults who want to cover final expenses or have debt that they don’t want to burden their family members with
- Term Insurance- Most common to cross insure business partners or to protect a business that has recently been established
- Universal Life- Similar to whole life, but typically less underwriting restrictions
- Indexed Universal Life-A multi-facetted product that includes benefits such as post tax retirement plan, gains interest and value over time without risk of market downturn, critical illness segment, whole life type death benefits
- Survivorship IUL- Similar to Indexed Universal Life plan, but links 2 benefactors together, more specifically used if one of the policy holders has questionable health and would not qualify on their own.
Each of these products have their place. Schedule a meeting with our team to discuss your specific situation and needs to determine the product that is the best fit for you and your loved one.