Insurance
Life insurance is important because it provides financial protection and peace of mind to families after your death. Unfortunately, almost 50% of the population does not have life insurance. So, you want to make sure you avoid financial hardship for your loved ones. As licensed professionals, we will guide you in choosing the right type and amount of insurance for your family.
Term Life Insurance
Term life insurance pays a death benefit if the insured dies during a specified time. The insurance guarantees affordable payments of a stated death benefit during a defined period. Term life insurance is typically 10 to 30 years.
Whole Life Insurance
Whole life insurance protects the insured for their entire life. The insurance guarantees to remain in effect for the insured’s entire lifetime as long as premium payments are paid. The premium amount will never change. Whole life insurance also merges death benefits with cash value. It accumulates cash value over the life of the policy. It can be used as savings or borrowed against in the event you need the money while you are alive.
Fixed Index Universal Life Insurance
Fixed index universal life insurance (also known as F.I.U.L) provides a combination of benefits that can help address a variety of common financial concerns. The insurance accumulates value that may earn interest based on an external index or a fixed interest option. The policy accumulation value grows tax deferred and the death benefit is generally income-tax-free. As long as your policy is properly funded, you can pay premiums when you want and access your cash value through policy loans and withdrawals.
