LIFE INSURANCE
Do It For Them
Life Insurance is unlike anything else you can purchase. It's not about you ... It's about those you love: your family. It's an unselfish act that puts your dependents first so if anything were to happen to you, it ensures that they will continue to maintain their standard of living.
Plan in a Time of PEACE Instead of in a Time of GRIEF
Whole Life Insurance is a form of permanent life insurance that remains in force for your lifetime, provided premiums are paid as specified in the policy. It builds cash value which is a living benefit to the policy owner. Premiums can be set to "pay-up" the policy in a shorter timeframe, yet the policy can stay in effect for your entire lifetime.
Term Life Insurance provides life insurance protection for a specified period of time. Term life is sometimes convertible to permanent coverage, providing you with flexibility as your needs change. The premiums change as you get older, and each company has different maximum ages they pay out. Term life can be thought of as temporary insurance.
Universal Life Insurance is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. The savings element, premiums and death benefit can be reviewed and altered as a policyholder’s circumstances change.
Final Expense Coverage
Final Expense Insurance is typically a whole life policy one would create and keep until their death. It is usually enough to cover funeral expenses and final debt or medical bills. It is important to get a policy that cannot be cancelled and does not have rates that increase over time.
Children's Permanent Whole Life
Many people ask me: Why would I insure my child? Some even feel that it is a strange thing to do. I oftentimes ask them: Would you be able to return to normal life and work if you lost your child? Would your other children suffer emotionally and need help? The answer is almost always yes. The best time to get insurance is as a young child. You can spread the cost over many years and they are in their best health so the rates are low. You are basically setting them up for their future in case they were to become uninsurable later in life. You could also set up the policy to be paid up in full in 10 or 20 years so that they don't have to continue paying as adults. So, while the lowest rates are available, make sure you have enough coverage to replace some of your income if you couldn't go back to work right away and need to comfort your kids or take care of yourself.
