Life Insurance

Why Life Insurance?

Life insurance makes sure your loved ones won’t suffer financially in your absence. To provide for other financial contingencies and life style requirements. There is no way to replace a loved one, But planning with life insurance does help in taking care of the financial needs of the family’s.

Which Life Insurance Policy is right for me?

One of the greatest gifts you can give your loved ones is to remove some of their financial worries. The right life insurance policy means that even after you’re gone, you’ll still be protecting them.

Whole Life Insurance

Whole life insurance, also known as traditional life insurance, provides permanent death benefit coverage for the life of the insured. This is permanent life insurance coverage that can provide guaranteed protection for the rest of your life while earning additional cash value that can be used for things like policy loans. You pay the same premium, your death benefit is guaranteed and your cash value account grows at a guaranteed rate.

Universal Life Insurance

Universal life, a form of permanent life insurance provides policyholders with flexibility on paying premiums, a cash savings component, and a death benefit. A Universal Life insurance policy gives you flexibility as you can choose how much premium you pay. You can choose to pay the minimum amount required by your policy to keep your death benefit stay the same or you could pay more premium if you want it to be a more cash value aspect.

Indexed Universal Life Insurance

Indexed universal life is regulated like a fixed universal life. You pay the same premium, your cash value provides a downside guarantee of 1% or less, but earns potentially higher upside performance of the market. Like with all universal life policies, once you’ve built up enough cash value, you can use it to lower or potentially fully pay for your premium without lowering your death benefit.

Term Life

Term life insurance is one of the easiest insurance products to understand and one of the most affordable ways to financially protect the people you love. Term life is the simplest form of insurance. It provides coverage for a specific time frame and pays a benefit only if an individual dies during the term of the policy. Term life is for a certain period; most choice are typically 1 year, 10 years, 15 years, 20 years and 30 years. Think of this payout like a safety net.

Guaranteed Acceptance Life

Guaranteed acceptance insurance is life insurance that does not require a medical exam or health questions in order to be approved for coverage. Those who may not qualify for other types of life insurance due to a health concern could still get life insurance protection with a guaranteed acceptance policy. A policy that provides a death benefit to your beneficiary in the case of your death. The insurance company will offer this policy to any applicant regardless of past or present medical issues.