We offer free, absolutely free, consultations and educations. In fact, we believe that you should not apply for any type of insurance until you understand what you are getting into. Therefore, our first job is to educate you on how life insurances (or any other insurances, etc) can benefit you, now and into the future.
Indexed Universal Life (IUL) Insurance
Indexed universal life (IUL) insurance policies can help you to build wealth while leaving behind a death benefit for your loved ones. These policies put a portion of the policyholder’s premium payments toward annual renewable term life insurance, with the remainder added to the cash value of the policy after fees are deducted. On a monthly or annual basis, the cash value is credited with interest based on increases in an equity index. While IUL insurance may prove valuable to some, it’s important to understand how it works before purchasing a policy.
Final Expense (funeral) Insurance
Final expense insurance is just a marketing term for a small whole life insurance policy that is easy to qualify for. The beneficiaries of a final expense life insurance policy can use the policy’s payout for any purpose whatsoever. The death benefit is usually somewhere between $2,000 and $50,000.
Whole Life Insurance
When you purchase the policy, the premiums will be locked in for the life of the policy as long as you pay them. They will be higher than the premiums of a term life insurance policy because your entire lifetime is built into the calculation. Unlike term insurance, whole life policies don’t expire.
Children Life Insurance
Typically, you can buy life insurance for a child who is age 17 or younger. … It’s common for parents to transfer policies to their kids once they’re adults and let them take over premium payments. Eventually, they will have to get insurance anyway. At least, you can start strong and early on their behalves.
Family Life insurance
It is still a life insurance policy that combines whole life with term life insurance to cover family members in a single policy. Coverage for the principal is whole life, while the spouse and children are insured on a term basis for a lesser amount. Or, up to the clients’ choice, we can restructure the policy accordingly as well.
Mortgage insurance, also known as private mortgage insurance or PMI, is insurance that some lenders may require to protect their interests should you default on your loan. Mortgage insurance doesn’t cover the home or protect you as the homebuyer. Instead, PMI protects the lender in case you are unable to make payments. We are not talking about PMI or anything above, for that matter. We are talking about your loved ones for your loved ones in the even that you pass.
Term Life Insurance
Term life insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. It can be considered one of the inexpensive products sold on the market today.