Life Insurance

Why Life Insurance?

Life insurance guarantees that your loved ones won’t suffer financially in your absence. To provide for other financial contingencies and lifestyle requirements. There is no way to replace a loved one but planning with life insurance does help take care of the financial needs of the families.

Which Life Insurance Policy is right for me?

One of the greatest gifts you can give your loved ones is financial peace of mind, and the right life insurance policy will do just that.

Whole Life Insurance

Whole life insurance, also known as traditional life insurance, provides permanent death benefit coverage for the life of the insured, and 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 the same, or you could pay more premium if you opt to increase the cash value of the policy.

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 potentially earns 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 possibly pay your premium in full 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. 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 – typically a one, 10, 15, 20 and 30-year policy –and pays out like a safety net.

Guaranteed Acceptance Life

Guaranteed acceptance insurance is life insurance that does not require a medical exam or health questions for coverage, and would be recommended for those who may not qualify due to a health concern. This policy provides a death benefit to your beneficiary in the case of your death.