Life & Annuities
Life insurance is not a luxury but a major necessity for the financial security of your family. Just think about what would happen if the income earner in your family was no longer there. How would it effect your current lifestyle of living? Would you be able to live the current lifestyle you are accustomed too? This is why life insurance is one of the most important decisions that you can make regarding the safety and security of your family and their future. There are many types of life insurance that will protect your families financial futures.
Types of Life Insurance
Term Life
Term life insurance provides coverage for a specific period, typically 10 to 30 years. It offers a death benefit to beneficiaries if the insured passes away during the term but does not accumulate cash value. This makes it an affordable option for those seeking financial protection for dependents, mortgage payments, or other expenses. Once the term ends, coverage expires unless renewed or converted into a permanent policy. Term life is ideal for those needing high coverage at a lower cost, making it popular among young families and individuals with temporary financial obligations.
Whole Life
Whole life insurance is a permanent policy that provides lifelong coverage with a guaranteed death benefit. Unlike term life, it includes a cash value component that grows over time, allowing policyholders to borrow against it if needed. Premiums remain fixed, making it a predictable financial tool for estate planning and wealth preservation. While whole life insurance costs more than term policies, it offers stability and long-term financial benefits. Many choose it for its guaranteed coverage and cash accumulation, making it a valuable asset for future financial security.
Universal Life
Universal life insurance is a flexible permanent policy that combines life insurance with a cash value component. Policyholders can adjust premiums and death benefits as needed, making it a customizable option. The cash value grows based on market interest rates and can be used for loans or withdrawals. Unlike whole life insurance, universal policies offer more flexibility but come with the risk of fluctuating costs. It appeals to those looking for lifelong coverage with investment potential. Universal life insurance is often used for estate planning, supplemental retirement income, and financial security for beneficiaries.
Key Man Life
Key man life insurance is a policy taken out by a business on a crucial employee whose loss would significantly impact operations. The company pays the premiums and is the beneficiary, using the death benefit to cover financial setbacks, recruitment costs, or lost revenue. This insurance is common for business owners, executives, and essential personnel. It provides stability, ensuring the company can continue operating smoothly after an unexpected loss. Many businesses use key man insurance as a risk management tool, protecting against disruptions and securing their long-term financial health.
Annuities & IRA
Annuities are a great way to secure a steady income stream for retirement, giving you peace of mind for the future. You make an investment, and in return, you’ll receive regular payments at a schedule that works for you. There are three main types to choose from: fixed, variable, and indexed, each offering different benefits to match your financial goals. With the right annuity, you can enjoy retirement with confidence and stability.
Health Insurance
Our agency can provide health insurance quotes from multiple companies for group and individual health insurance. We will help you in choosing the best options for coverage to protect you and your family at an affordable price. We also offer health insurance plans for
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Long term care
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Disability
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Medicare supplement coverage