Products we offer!
I specialize in life insurance for mortgage protection and final expenses, retirement planning through universal life policies, and asset protection through the use of fixed index annuities. Our policies have living benefits for businesses and working families – keeping funds coming in while you are dealing with unexpected costs from an illness, injury, or death.
Whole Life Insurance
Whole life insurance, also known as traditional life insurance, provides permanent death benefit coverage for the life of the insured. In addition to paying a death benefit, whole life insurance also contains a savings component in which cash value may accumulate. Interest accrues at a fixed rate and on a tax-deferred basis.
Term Life Insurance
Term life insurance has an end date. It lasts a certain number of years, then ends. You choose the term when you take out the policy. Common terms are 10, 20, or 30 years. In the past this was a once and done insurance you paid and were out the payments. This is not true anymore. There are policies that will pay you back your premiums if you survive the policy. Reach out and let’s talk.
Index Life
Universal life (UL) insurance comes in a lot of different flavors, from fixed-rate models to variable ones, where you select various equity accounts to invest in. Indexed universal life (IUL) insurance allows the owner to allocate cash value amounts to either a fixed account or an equity index account. Policies offer a variety of well-known indexes, such as the Nasdaq-100 or the S&P 500.1 IUL insurance policies are more volatile than fixed ULs, but they are less risky than variable UL insurance policies, because no money is actually invested in equity positions.
IUL insurance policies offer tax-deferred cash accumulation for retirement while maintaining a death benefit. People who need permanent life insurance protection but wish to take advantage of possible cash accumulation via an equity index might use IULs as key person insurance for business owners, premium financing plans, or estate-planning vehicles. IULs are considered advanced life insurance products in that they can be difficult to adequately explain and understand.
This is a wonderful way to plan the future for you and your children or grandchildren. Reach out and let’s talk.
Finale Expense
This is a whole life insurance policy that has a small death benefit and is easier to get approved for. In most cases there is no medical exam.
Final expense insurance has a death benefit designed to cover expenses such as a funeral or memorial service, embalming and a casket, or cremation. However, the beneficiaries can use the death benefit for any purpose, from paying property taxes to taking a vacation.
These policies are developed for people who are older and starting to think about their funeral costs, and ways to take care of their family.
Mortgage Protection
Mortgage insurance has in the past been a tool for lenders to protect their investment. This is PMI.
Mortgage life insurance, on the other hand, which sounds similar, is designed to protect heirs if the borrower dies while owing mortgage payments. It may pay off either the lender or the heirs, depending on the terms of the policy. Give me a call and let’s talk.