life insurance policies we provide

There are a variety of life insurance policies that we can provide. The kind of policy you choose depends on your needs during different stages of your life:

Permanent Life Insurance

May be ideal for the consumer who has a need for life insurance, is somewhat conservative, and wants the guarantees of a fixed, minimum interest rate with the potential for additional interest credits.

Increasing the death benefit may be subject to additional underwriting approval.

OFFERS:

  • Flexible death benefit
  • Flexible premium
  • Policy cash values are credited a current interest rate that is set by the insurance company, which is subject to change, but will never be lower than a guaranteed minimum interest rate.

Universal Life Insurance

These policies are designed for individuals who want guarantees and who are focused on providing death benefit protection over cash value accumulation.

OFFERS:

  • Guaranteed death benefit
  • Guaranteed cash value
  • Potential additional cash value by the receipt of any dividends declared by the company. Although not guaranteed, dividend payments are generally declared annually by the company.
  • Level premiums that are guaranteed to never change.

Indexed Universal Life Insurance

May be ideal for those who need death benefit protection but are focused on cash value accumulation for lifetime needs such as supplementing retirement income.

Increasing the death benefit may be subject to additional underwriting approval.

 

OFFERS:

  • Flexible death benefit
  • Flexible premium
  • Cash value grows based on an interest crediting strategy that is tied to changes in a market index such as the S&P 500.
  • Downside protection through minimum guarantees to ensure that your cash value will not decline due to decreases in the Index.

Term Life Insurance

May make sense for those who have budget limitations, large protection needs or temporary need.

OFFERS:

  • Guaranteed death benefit for a fixed period.
  • Fixed premium.
  • No cash value.
  • Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured.

I KNOW WHAT TYPE OF LIFE INSURANCE I WANT, HOW DO I BUY IT?

Before you can purchase life insurance, you need to qualify for it.

We will ask you to provide us with information that we then use in what is called underwriting. This is the process that an insurance company uses to determine risk.

Second, all of this information is provided to an underwriter. An underwriter is someone who is specially trained to assess your application and determine what risk, if any, may exist. Once all of your information has been reviewed, the company will either approve or deny your request. That process can take days or weeks depending on the information received.

Lastly, your agent will contact you and go over the results of your underwriting and details of your policy.

These products are continually changing and we can provide you with the latest information and policies available.