Life Insurance

Life Insurance

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Compare life insurance plans to obtain the coverage you need to protect the financial security of you and your family today. Speak to a life insurance expert today.

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Life insurance is a great way to prepare for life's unexpected moments. 

What is Life Insurance?

Life insurance offers protection against the sudden death of a loved one, family breadwinner, or business partner, and life insurance can also be used to guarantee a loan.  It can also be used as a savings vehicle that can be used to fund retirement, or college education.  Finally, life insurance can be used for salary continuation programs for business executives, private retirement plans for key employees, and also for those “rainy days” needs.

Life insurance is a contract between a policyowner and the insurance company, or carrier. This
company/carrier provides the insurance on the life of the insured individual. The person owning the life insurance policy is referred to as the policyowner. Although the person insured under the life insurance policy is usually the policyowner, an insured and a policyowner may be different persons.

Life insurance is a unique tool to create wealth.  It does so by assuring a desired amount of liquid capital is paid upon the insured’s death, even if that death occurs immediately after the coverage becomes effective.  Depending on the insurance plan, life insurance can also provide funds during the insured’s lifetime; these funds are usually referred to as living benefits.  Living benefits can enable the policyowner to take advantage of other opportunities, such as having funds for a down payment on a vacation home or to meet emergencies.  Many life insurance policies also provide accelerated death benefits that are payable to a terminally ill insured during his or her lifetime.

Because many types of life insurance are available, including term life and whole life insurance, we can help the consumer understand the basics and then make an informed decision.  Life insurance policies differ in the following areas:

  • premium level
  • duration of premium payments
  • guarantees
  • flexibility
  • potential for cash value gain
  • risk

How do I enroll?

Enrollment is fast and easy and the process is similar to applying for medical insurance.  We work with many different carriers, and will provide you with rates and options after understanding your individual, family, or business needs.

Oftentimes, carriers will require a physical exam be completed for those being insured.