Whether you are looking for a life insurance policy to meet your final expenses, to start an insurance program for your child or grandchild, or simply to have a permanent life insurance policy we can find the right policy to fit your needs!
The type of life insurance policy that’s right for you depends on many factors, including your budget, the amount of coverage you need, and the length of time you’d like coverage to last.
The basic difference between term and whole life insurance is this: A term policy is life coverage only. On the death of the insured it pays the face amount of the policy to the named beneficiary. You can buy term for periods of 5, 10, or 20 years. Whole life insurance, on the other hand, combines a term policy with an investment component. The investment could be in bonds and money-market instruments or stocks. The Whole Life Policy builds cash value that you can borrow against.
Term Life Insurance is often a practical way to provide the most coverage for your premium dollar, especially in the early years of your policy. Term insurance provides protection for a limited period of time and pays a death benefit if you die during that period. You do have the opportunity to renew your term insurance at the end of the term with a premium increase due to age.
Traditional Whole Life policies give you a guaranteed minimum rate of return on your cash value portion. Unlike term life insurance, a portion of your premium money goes toward your cash value which in turn could pay off your entire policy only after a few years. Also, your premium will remain constant during the time you are covered unless you choose otherwise. And, unless you make a change to your whole life insurance policy, you have lifelong coverage with no future medical exams. Whole life is also a good choice because of the tax savings. Whole Life offers premiums and coverage guaranteed to remain level for the rest of your life, and accumulates cash value at guaranteed rates NOT subject to the uncertainties of the stock market or interest rates.
Choosing the right life insurance policy for you!
Both Individual & Group
We have many options with a wide variety of deductibles that provide affordable rates for today's families!
Critical Illness Coverage
Did you know:
* Half of all bankruptcies in the United States are caused by a serious illness
* Thousands of people every year are faced with a devastating medical diagnosis
* With advances in medical technology, the survival rates for serious illness are increasing - which is great but the price tag is often very high!
* Most families are NOT equipped financially for survival. The financial demands associated with suffering a serious illness can be devastating. Most Americans have a significant GAP between the financial assistance they need when something critical happens!