Life Insurance
Think of life insurance as a part of your family?s personal financial safety net. Life insurance provides certain guarantees to help make sure your family will be provided for after you are gone. It's a way of replacing your income so that, for example, your family can still maintain its standard of living or pay for a child's education.
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How does Life Insurance work?
Insurance helps provide financial certainty through a principle called Risk Pooling. Under this system, insurance companies come together to form a pool, which can provide protection to insurance companies against catastrophe risks such as premature death, floods, earthquakes etc.
From past experience we can assume something catastrophic will happen to someone today. By combining resources and helping people share the cost of lifes risks, insurance can help provide financial security in an uncertain world. Through the law of averages, we can predict how many people will fall victum to life?s uncertanties, just not when or who. You would have to set aside a ton of money to prepare for lifes risks on your own. But, when you buy insurance, you get protection and piece of mind for a fraction of the cost.
Term Insurance
Term insurance is generally the least expensive type of insurance. Term inusrnce provides coverage for a certain period of time, such as 10, 20, or 30 years. It?s for people who want life insurance just long enough to meet their responsibilities to those who depend on them.
Who is Term Insurance for?
* People with a temporary need for Life insurance
* People who need insurance, but have limited funds to pay for it
* Business owners who want to cove the life of a key employee
Whole Life Insurance
Universal Life Insurance
Variable Univerfsal Life Insurance
Whole Life Insurance
Whole life insurtance is the most basic type of permanent life insurance. It provides money for your family if you die, and money for you while you are still living. Your premiums, while quite a bit higher than term insurance, are guaranteed not to increase. Over time, the policy builds up cash value. It can earn annual dividends ( not guaranteed ) that you can use in your lifetime while you are still alive.
Who is Whole Life for?
* People who need life insurance for a long term
* People who want to accumulate cash value on a tax-deferred basis.
* People who are attracted to the high degree of safety provided by the policy*s guarantees
Variable Universal Life Insurance
A VUL policy offers a choice of death benefit guarantees and investment opportunities. It provides money for your family if you die, and money for you while you are still living. A VUL allows you to invest your net premiums into the stock market via different funding options. There are no cash value guarantees, however, there is a greater potential for growth.
Who is Variable Universal Life Insurance for?
* People who need life insurance for a long term
* People who want to accumulate cash value on a tax-deferred basis
* People who are intereste din the potential for higher cash value returns and are willing to accept greater risk
What is the process
By visiting this site, you have already taken a great first step. Next, what you will want to do is:
* Fill out the short questionnaire on our site.
* A qualified rep will call you back with a quote. You will want to discuss your financial goals so he/she can determine how much and what kind of life insurance is right for you and your family.
* You will fill out an application which includes some medical questions.
* Take a medical exam * usually, this is provided free of charge by the insurance company and can sometimes even be done in your home or office.
* If you are insurable, the insurance company will extend to you an offer and you will be on your way to piece of mind.