Life Insurance
Life insurance isn't just about ensuring financial stability for your loved ones in your absence; it's a multi-faceted tool for comprehensive financial planning. When you purchase life insurance, you secure peace-of-mind knowing that your family will be protected from financial burdens like mortgage payments, education expenses, final expenses, and day-to-day living costs.
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Beyond immediate protection, some life insurance policies offer the potential to build cash value over time, providing a dual benefit of security and investment. This makes life insurance a key element in safeguarding your family's future and enhancing your overall financial strategy.
1
Term Life Insurance
Cost effective temporary life insurance. These policies provide the highest benefit during a specific time period for the lowest cost. Depending upon the carrier and the product, these policies may have optional riders available for additional protection. Contact us to see which carriers have the best rates in your area. Benefit amounts for $100,000 and up.
2
Whole Life Insurance
Permanent life insurance that accumulates cash value, benefits increase via dividends, and premiums normally are not forever. These policies are not always the lowest cost solution; however, they are considered one of the more conservative solutions for a multiple of reasons. We typically use the Guardian Life Insurance Company of America for these policies. Whole life policies are available in "2nd to die" option (also known as survivorship).
3
Indexed Universal Life (IUL)
Permanent life insurance that ties accumulated policy cash value to market indices. These policies are commonly used for estate planning and the transfer of wealth (life insurance death benefits are income tax-free). IULs are considered "riskier" than the more traditional Universal Life products.
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Variable Universal Life (VUL)
This type of permanent life insurance is commonly referred to as Life Insurance with Retirement Planning (LIRP). The premiums are flexible and policies have investment options for accelerated cash value accumulation. Policy premiums tend to be less expensive than whole life policies; however, VUL premiums normally do not end. VULs are available in "2nd to die" option.
Now offering Final Expense policies up to $50,000 in coverage.