Life Insurance is one of the most important, yet overlooked, aspects of a sound family financial plan. This is largely due to the fact that Life Insurance is often misunderstood. We’d like to change that. Let us show you all the different types of Life Insurance policies designed to help accommodate different needs and price points. Below are a few different types of policies that could fit your specific situation.

Term

Term gets you a lot of coverage for a fair price, and the price is locked in for the length of your term no matter what happens. Anywhere from 5-30 year terms are available and coverage is available for smokers, people with health problems, on medication and the elderly. We represent all the regional and national carriers and, with some carriers, having term qualifies you for discounts on home and auto policies.
Something to think about:
Death benefits are available in excess of $10,000,000. If you become terminally ill, you can take some of your death benefit before you pass.

Whole Life

Whole Life builds cash value at a competitive interest rate. What’s more, the death benefit lasts the duration of the insured’s life. With some carriers, it also qualifies you for discounts on home and auto policies.
Something to think about:
Whole Life is great for newborns and babies. The rates are set and it accrues a cash value for life. If something happens and the insured becomes uninsurable because of illnesses like heart disease or diabetes, the coverage cannot be taken away.

Simplified Life

Simplified Life policies are written with no underwriting. All you have to do is answer 5 questions and coverage can be in place that day. Simplified life is available for most term and whole life policies.

Annuities

Annuities are a good addition to any savings or investment portfolio. The interest rates are competitive and locked-in for the terms of the annuity. There are tax advantages and you can make contributions in a lump sum or on a monthly basis.