A type of whole life insurance intended to be allocated for burial, cremation, and other final expenses so there is no financial burden placed on the family. These policies are permanent and level, meaning they will never end, the premiums will never increase, and the face amount will never decrease. These policies offer an immediate benefit with no waiting period of any kind. With very liberal underwriting, final expense insurance is typically for individuals with average to below average health, ages 45-85, and who are looking for coverage amounts from $5,000 - $30,000.
Generally used to protect against loss of income during the working years, or in the event of an unforeseen tragedy, to pay off a mortgage or fund a college education. There are many options available with term life insurance such as return of premium and accidental death riders. Term periods are typically 10, 15, 20, 25 or 30 years and are generally based around anticipated needs of the insured’s family. Term life insurance coverage amounts can range from $25,000 to well over $5,000,000 depending on the needs of the client. Term life insurance can be issued on a simplified or medical basis, and is generally reserved for healthier clients under the age of 65.
Also known as permanent insurance because the coverage will never end. Depending on the type of policy, whole life insurance can pay dividends, have increasing face amounts or reducing premiums over time. Whole life insurance is ideal for people who are concerned about making sure their family will be taken care of regardless of how long they live. Whole life insurance is for people from ages 0-85 and face amounts can range from $5,000 to $1,000,000. Whole life insurance can be issued on a simplified or medical basis, and most people with average health or better will qualify.
A hybrid between whole life and term life, this insurance can be very useful for people looking to grow money for retirement tax-free. Universal life insurance is a more sophisticated insurance product and only recommended for specific clients. Universal life insurance should be used as a part of an insurance or investment portfolio, and not as standalone coverage. It is designed for healthier, working individuals ages 18-65 and can be issued on a simplified or medical basis. Coverage amounts can range from $25,000 to $5,000,000 with the capability to leverage the upside potential of market conditions to increase cash accumulation.
One of the most powerful gifts that anyone can give to a child in their family. We offer several different children’s whole life plans with very reasonable premiums (often $5 - $10/month) and coverage amounts from $5,000 - $50,000. Children’s policies come with guaranteed insurability riders, meaning that the insured can increase coverage later in life without answering any health questions. There are no medical questions and coverage is guaranteed for children ages 0 – 25.
For people who are currently battling cancer, have HIV/AIDS, recently experienced a heart attack/stroke or other major medical event. This coverage is permanent, whole life coverage with premiums that never increase. The only difference between this coverage and traditional whole life or final expense coverage is the introduction of a two-year waiting period before the full death benefit will be paid. This coverage is for individuals ages 40-80 and coverage amounts range from $5,000 - $25,000.
For working clients ages 18-65. We offer industry-leading options for both short-term and long-term disability for almost every occupation. Typical monthly benefit amounts are $1,000 - $4,000 for 12-24 months. Most policies are issued on a non-medical basis.
One of the most cost-effective ways to increase your insurance protection. Most policies involve few or no health questions and target working clients ages 18-65 who are looking to augment their existing traditional whole life or term policies. Statistically, the majority of deaths that occur under the age of 65 are as a result of an accident, so this coverage is extremely valuable for younger clients, especially those that may be on the road frequently. Face amounts typically range from $50,000 - $500,000.
For retirement-age clients looking to protect their money and draw a steady income stream. Annuities act like a savings account with an insurance company, money placed in an annuity is protected from lawsuits, nursing home spend-down (Title XIX), and will never lose value but will gain value based on market performance. Annuities capture a portion of market gains without any exposure to downside market risk while giving clients options like guaranteed income for life and probate-free wealth transfer. Annuities are typically rolled over from IRAs, 401(k)s, 403(b)s, stock portfolios, mutual funds and CDs. Most deposit amounts are from $25,000 - $1,000,000.
For those clients eligible for Medicare, we offer a full range of Medicare options including MAPD, PDPs and all Medicare Supplement plans approved in your area. Since Medicare options are specific to your region, please contact us for further information.