What is Life Insurance?

Life insurance is a contract in which a policyholder pays regular premiums in exchange for a lump-sum death benefit paid to the policyholder’s beneficiaries. The lump-sum benefit is paid when the policyholder either passes away or a specific amount of time has passed.

What are the advantages of Whole Life Insurance?

Whole Life insurance provides death benefit protection that builds up “cash value” over the years and
has an “ investment” component. It is like owning your own home. You will need to continue paying
your policy.

What are the advantages of term Life Insurance?

Term Life insurance provides death benefit protection without any expensive “cash value” or investment component add-ons.

It is like renting a home. At the end of the term (10, 20, or 30 years) your policy terminates. However, you have the choice to change it to Whole Life.

What do I need to consider before buying Life Insurance?

Buying life insurance is an important purchase. Important questions to ask when selecting Life Insurance:

  1. Do I have debt or dependents?
  2. How much coverage do I need?
  3. What term should I get?
  4. What is my medical history?
  5. How do I get the best product?

For more information please contact us!

How do I apply for Life Insurance?

Once you’ve chosen the type and amount of life insurance that works for you, you’ll need to take a few more steps to obtain your life insurance policy.

How can Life Insurance help protect my family?

Life insurance can help protect your family members when they suffer the loss of a breadwinner or stay-at-home parent. Life insurance allows a family to help maintain its standard of living by providing income-tax-free money to help pay for funeral expenses, pay off the mortgage, set aside college tuition for the kids, and help provide financial peace of mind after the loss of a loved one.

How much does Life Insurance cost?

The cost of life insurance varies based on your specific needs. For example: Are you buying a home? Do you want to cover your funeral expenses? Based on your age and medical history we can recommend the best options. For more information about life insurance options, we can help!

Why do you need Life Insurance?

Life insurance helps you plan ahead and provide long-term financial security for your family when they would need it most. You can’t put a dollar amount on your loved ones, but a life insurance policy, whether is Term or Whole Life can help ensure their future is protected. Determine how much coverage you need and how long it’s needed, and our partners can provide an affordable life insurance policy that is the perfect fit for you and your family.

Services covered

  • Survival
  • Support in terminal illness
  • Death
  • Accidental death

 

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