Life Insurance

Looking for Life Insurance? We make buying life insurance easy.

Life insurance is not only the cornerstone of a solid financial plan, but it’s hands down one of the most cost-effective ways to protect the people who depend on you financially. What would happen to your family if you were to die prematurely? Would they be able to maintain their current lifestyle? Would your kids be able to go to college? Would your spouse be able to shoulder the load with one income? If you have a child, are married, or you are carrying any kind of debt, purchasing life insurance is a no-brainer. If all three, well, hopefully you already have life insurance.

HERE ARE A FEW OTHER REASONS TO HAVE LIFE INSURANCE:

  • Buy charitable donations

  • Pay federal death and estate taxes

  • Create an inheritance for your heirs

  • Pay final expenses

  • Buy out a business partner

  • Insure a Key employee

WE PROVIDE MULTIPLE TYPES OF COVERAGE TO PROTECT THE NEEDS OUR CLIENTS HAVE:  

Term Insurance

Term life insurance provides coverage for a specific period of time or “term”. You can purchase term life insurance for guaranteed period of five, ten, fifteen, twenty, twenty-five or even thirty years and your rate is guaranteed until that period passes regardless of any future health issues.

Mortgage Protection 

Mortgage protection is a type of life insurance policy designed to pay off the insured’s mortgage should they dire or become disabled or suffer a critical illness before having paid the loan off. When structured correctly, mortgage protection is transferable from home to home, insures the homeowners interests and can accelerate the mortgage payoff in the event of no health issues thus saving tens of thousands in future interest payments.

Whole Life & Indexed Life Insurance

Whole life insurance provides coverage for the life of the insured. In addition to providing a death benefit, whole life also contains a savings component where cash value may accumulate and dividends may be earned. These policies are also known as permanent or traditional life insurance and can become “paid up” coverage.

Critical Illness Coverage

Critical illness insurance is a product in which the insurer is contracted to make a lump sum cash payment if the policyholder (insured) is diagnosed with one of the specific illnesses (E.G. heart attack, stroke or cancer) on a predetermined list. Some of the newer life insurance policies have this benefit wrapped into the life insurance policy.

Key Person Coverage

Key Man insurance is life insurance and disability insurance that covers key employees (including business owners and founders) important to the business’ success. The business owns the policy, pays the premiums, and receives the payout if they key person dies or becomes disabled. These types of products can be term insurance or whole life insurance.

Buy Sell Policies

A proper buy-sell agreement is typically funded by life insurance. The company or the individual co-owners buy life insurance policies on the lives of each co-owner. Thus, if you died, the company or the co-owners would receive the death benefits from the insurance policies on your life.

A buy-sell agreement protects all partners in a business, whether they decide to leave the business or can no longer partake in the business.

Disability Insurance

Disability insurance is like insuring your paycheck. When you’re unable to work, disability insurance can replace your income stream to make sure you can put food on the table, pay your basic needs, and maintain your lifestyle. The benefit payment from a private policy is tax-free (employer plans may be taxed) and pays out for a certain period of time, as outlined in your policy. Policies can even be designed as a life insurance disability combo plan.

Long Term Care Insurance

Most health insurance covers things like hospital stays, medical procedures, doctors’ office visits, and prescription drugs. However, the cost of long-term services such as nursing home stays is generally not covered. Even medicare will only cover short stays in nursing homes, or some in-home care, but only under specific conditions. Long-term care insurance is designed to cover these types of expenses. In addition to nursing home stays, long-term care insurance can cover things like a home health aide to assist with bathing, dressing, or eating. Nowadays you can even get long-term care insurance with a life insurance policy. This way if you don’t use it, your beneficiary will receive a death benefit.