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Life Insurance
Life insurance helps secure your family’s financial future after the death of you or your spouse. It also helps ensure that the estate that you have worked to build over your lifetime will be allocated to the beneficiaries you have chosen.
When purchasing life insurance, you should ask yourself several questions to help lay out your life insurance needs:
When purchasing life insurance, you should ask yourself several questions to help lay out your life insurance needs:
- What financial responsibilities will your family immediately inherit - such as a mortgage or car loan?
- What long-term goals will your family still have - such as your spouse’s retirement or your children’s education?
- How much of the family income do you provide?
- Who else besides your family depends on you financially?
- How will your family pay for your final expenses and repay debts after your death?
We can help you begin planning for your financial future.
What is Mortgage Protection Insurance? We'll pay your mortgage if you become sick, hurt or worse.
How much Life Insurance do I need? It depends on what assets you current have and the costs related to those assets.
Do I need Long Term Care? These days, people are living longer and you might prefer assistance living at home.
Do I need Short & Long Term Disability? If you become hurt or sick you can rest assured your bills will be paid.
What Investment Strategies can you tell me? Give us a call and we can talk about it.
What is Life Insurance?
What is Disability Insurance?
Term Life vs. Whole Life Policies
If you decide that you need more coverage, you should then determine whether you need Term Life insurance or a Cash Value policy. It is important to know which type of policy you own, and how the benefits are paid if something happens to you or your spouse:
Term Life Insurance covers you for a term of years – as short as one year or as long as 30 years. Term policies generally have lower premiums in the early years, but do not build up a cash value that you can access.
Whole Life Policies come in the form of Whole Life, Universal Life or Variable Life insurance and contain Cash Value. Each of these products usually offers coverage as long as you live. An important difference between these products and Term Life insurance is that once you have paid your premiums for a number of years, the policy will have a cash value attached to it.
Term Life Insurance covers you for a term of years – as short as one year or as long as 30 years. Term policies generally have lower premiums in the early years, but do not build up a cash value that you can access.
Whole Life Policies come in the form of Whole Life, Universal Life or Variable Life insurance and contain Cash Value. Each of these products usually offers coverage as long as you live. An important difference between these products and Term Life insurance is that once you have paid your premiums for a number of years, the policy will have a cash value attached to it.
