Life Insurance

Term life insurance policies provide coverage for a set time. It is most often sold in 10, 15, 20 and 30 year terms. This is the reason it is cheaper than other kinds of life insurance. The premium stays the same throughout the term. If the insured person dies during this period, the beneficiaries receive the proceeds income tax-free. The downside of term life insurance is that it isn’t a permanent life insurance solution. Once the term ends, the coverage ends or the premiums increase dramatically. And the older you are, the more expensive it gets. Fortunately, you can convert many term life insurance policies to a permanent insurance product.

Permanent life insurance policies provide coverage until the policy holder’s death. It builds cash value over time. Two kinds of permanent life insurance include: whole life and indexed universal.

With whole life insurance, your premium payments remain the same over the life of the policy. Some whole life policies can be paid up after a certain number of years. When you purchase a policy, you’ll know how the cash value will grow over the life of your policy.

Universal life insurance provides permanent life insurance protection and access to tax-deferred cash values. A flexible premium universal life insurance policy has the flexibility to adjust to your changing needs. Your policy’s cash value earns interest based on a contractually-stated financial index and this growth is tax deferred.

You need the advice of a financial planner in order to set up the right coverage for your life insurance. We do a free financial strategy for you in order to figure out what plan is beneficial for you. We will answer questions of how much and what type of insurance best fits your needs.

Many goals and dreams in life – such as funding a child’s college education, purchasing a home or retiring in comfort – require that you have a sound financial strategy to achieve them. No one way of preparing for the future is right for everyone, which is why we are ready to assess your particular needs and help you work toward a more sound financial future. A financial Planner will take the time to understand your goals and recommend investments that fit your needs. We will analyze how changing economic and personal situations affect you. We try to answer the question of what goals should I set, and how much do I need to save to reach these goals.

Helping people feel more secure is what we do. Since we are a broker company you have the power of choice to choose a company. You decide what option is best for you and your family. We can set up a winning strategy for your future.