Term life insurance provides protection for a specific period of time (the term). This is often 10, 20 or 30 years. Term life insurance makes sense when you need protection for a specific amount of time--for instance, until your kids graduate from college, until your mortgage is paid off, or to cover a certain risk such as income protection.
Term life insurance typically offers the most amount of coverage for the lowest initial premium. This makes this type of life insurance policy a good choice for those on a tighter budget.
If you'd like a customized Term Policy, one tailored to your specific needs, your short-term goals, as well as your-long term goals, please contact us here.
If you are a Do-It-Yourselfer, click below for instant insurance quotes, followed by the option to apply today, all on your own! We suggest using this handy Calculator to determine an appropriate amount of insurance!
Permanent life insurance provides lifelong protection for as long as you pay the premiums. It also accumulates cash value on a tax-deferred basis, which you can tap into to buy a home, supplement your retirement income, cover an emergency expense and more. Because of these additional benefits, initial premiums are higher than what you’d pay for a term life insurance policy with the same amount of coverage.
Everyone’s financial situation is unique, and life insurance is designed to work with your exact circumstances. While many people choose either term or whole, others find that a mix of the two offers the best of both worlds.
With so many types of life insurance policies out there, it can be a little confusing about which one (or ones!) to choose and how to go about getting it. One of the best ways is to work with a licensed insurance agent who can walk you through the entire process.
If you're over 55 and not finding any insurance that is affordable enough, Final Expense Insurance, may be exactly what you've been looking for. Final Expense functions similarly to traditional Whole Life Insurance, except the Policy amounts are tailored to covering only your Final Expenses.
These policies are typically designed to cover the funeral expenses, along with some smaller remaining bills. Final Expense is certainly better than no coverage at all, the pricing is specific to your age today, along with some other health factors.
Our goal with Final Expense is always day 1 coverage with affordable premiums. If you're not sure what is affordable to you we can help with that too!
Think about it. What would happen if suddenly, due to an illness or injury, you were unable to work? The ability to earn a living is far and away most people’s largest “asset.” And one of the best ways to protect it is with disability insurance. Think of it as insurance for your paycheck. Disability insurance provides you with a percentage of your income if an illness or injury prevents you from working and earning a living. You don’t hesitate to insure your home, car and phone, so why wouldn’t you also protect what pays for all those things—your paycheck.
Disability insurance is something anyone who works and has earnings should consider. That’s because one in four people today will become disabled¹ and potentially face financial hardship at some point during his or her working life. Disability insurance income helps cover expenses if you can’t work because of an illness or injury. There are disability insurance policies tailored to workers in specific professions as well as disability insurance for self-employed individuals. Contact us today to see if Disability Insurance is right for you!
Did you know that neither your health insurance nor Medicare would pay for extended long-term care services in the event that you needed them in the future? If you develop a chronic illness or become disabled and can no longer care for yourself for an extended period of time, you’ll need long-term care services.
Long-term care insurance steps in if you develop a health condition that requires you to receive care and supervision. This could mean home health care, nursing home care or personal or adult day care. Many people mistakenly believe that Medicare or Medicaid would cover their care expenses, but this is often not the case. Without long-term care insurance in place, you may burn through your life savings or have no choice but to rely on a family member for care. Long-term care insurance is worth it because it protects your assets, spares your family from financial and emotional stress, and puts you in control of your health decisions. If you'd like to learn more about the value of Long Term Care Insurance click here.
If you are interested to see if Long Term Care Insurance is appropriate for your financial planning, click "Find Out More" below and fill out the Contact Form so we can help.