Life Insurance Solutions
Term Life: Protection against premature death that comes in the form of Life Insurance. It pays a benefit only when an insured dies within a specified period, and a designated beneficiary receives the death benefit. If the insured lives beyond the specified period, the beneficiary receives NO benefit.
Whole Life: The insurance policy offers protection in case the insured dies, but also builds up cash value over time.Under normal circumstances, the policy remains active for the lifetime of the insured, or until a specified age. The insured usually pays a level annual premium and the earnings on the cash value in the policy accumulate tax deferred. The insured may borrow against the premium.
Universal Life: A flexible premium policy that combines protection against premature death with a savings account that typically earns a money market rate of interest. Premiums can be changed during the life of the policy, within limits and the will lapse if there isn't enough money to cover mortality and administrative costs.
Final Expense: Final Expense insurance is an insurance policy used to pay for burial expenses and funeral services when the name insured dies. Such a policy helps ease the financial burden placed on a family when a loved one dies.
Whole Life: The insurance policy offers protection in case the insured dies, but also builds up cash value over time.Under normal circumstances, the policy remains active for the lifetime of the insured, or until a specified age. The insured usually pays a level annual premium and the earnings on the cash value in the policy accumulate tax deferred. The insured may borrow against the premium.
Universal Life: A flexible premium policy that combines protection against premature death with a savings account that typically earns a money market rate of interest. Premiums can be changed during the life of the policy, within limits and the will lapse if there isn't enough money to cover mortality and administrative costs.
Final Expense: Final Expense insurance is an insurance policy used to pay for burial expenses and funeral services when the name insured dies. Such a policy helps ease the financial burden placed on a family when a loved one dies.