Why Choose Life Insurance
Investing in life insurance presents a prudent and strategic financial decision aimed at safeguarding the well-being of your loved ones in unforeseen circumstances. By securing a life insurance policy, you are ensuring that your family remains financially stable even in your absence. This crucial financial instrument offers a multitude of benefits, including but not limited to providing financial assistance for paying off outstanding mortgages, covering substantial expenses such as college tuition fees, and managing the various costs associated with end-of-life arrangements.
Life insurance acts as a safety net, offering peace of mind and assurance to you and your family during life’s uncertainties. It serves as a foundation upon which your loved ones can build their future without being burdened by financial constraints should the unforeseeable occur. Moreover, the affordability and accessibility of life insurance make it a practical and sensible choice for individuals seeking to safeguard their family’s financial security.
Besides providing the traditional life benefits to your loved ones, life insurance also has tons of other uses. There are even certain products that can provide living benefits that may be used for various life events that can occur. That’s because life insurance comes in many different products to fit your specific needs. A few great products include Permanent Life Insurance, Term Insurance, Indexed Universal Life Insurance, Annuity contracts and more. To learn more about their many uses schedule a call and/or request a quote and one of our licensed professionals can assist you with choosing the best product for you.
Great Insurance your Solutions For Business
What is Permanent Life Insurance?
A whole life policy is the simplest form of permanent life insurance, named because it provides coverage that lasts your en?re life as long as premiums are paid. As of late there are companies available that offer permanent life insurance that can be paid up in a certain ?me frame, such as 10, 20 and 30 year periods for a slightly higher premium. Unlike term, it’s not a “pure life insurance” product because it includes a cash value component.
What is IUL Insurance?
Indexed universal life (IUL) insurance is a type of permanent life insurance, meaning it has a cash value component along with a death benefit. The money in a policyholder’s cash value account can earn interest by tracking a stock market index selected by the insurer, such as the Nasdaq-100 or the S&P 500. You may also have a fixed-rate account and can choose how much you want to go into each account.
What is An Annuity Contract?
An annuity is a written contract between you and a life insurance company in which the insurance company makes a series of regularly spaced payments to you in return for a premium or premiums you have paid. An annuity is not life insurance. A life insurance policy provides benefits to your family if you die. You can purchase an annuity with a
single lump sum of money or through flexible premium payments over time. In return, you’ll receive a check (or direct deposit) on a monthly, quarterly, semiannual, or annual basis for the rest of your life
