Please contact me if you cannot find an answer to your question.
Life insurance coverage is your opportunity to provide for and protect the people you love most. By putting a plan in place to cover expenses that would occur in the event of your death, you can help secure their long-term financial future.
These funds can help your loved ones pay living expenses, stay in their home and pay off debts, including final expenses. It can also help send a child to college or leave a legacy.
Unlike whole life insurance that locks you in at one rate for the rest of your life, universal life insurance is a type of permanent life insurance policy that provides policyholders with the flexibility to increase or decrease the coverage amount, as long as it's approved by the life insurance provider. This type of permanent insurance policy may be beneficial for policyholders who expect their financial situation to change over time.
Mortgage protection insurance (MPI) is a type of life insurance that pays off the remaining balance on your mortgage if you die before the mortgage is fully repaid. It is a safety net for your family and you, ensuring the protection of your family and home.
Final Expense Insurance, also referred to as Burial Insurance, is a whole life insurance policy that is designed to pay off the expenses families face upon the death of a loved one.
This type of insurance ensures your loved ones aren't saddled with debts that can be financially troubling after you pass. Final expenses include bills associated with medical expenses, funeral or memorial services, and the price of burial or cremation. The average funeral and burial in the United States today costs approximately $9,000, and that cost does not include end-of-life medical expenses. Protect your family from facing these expenses alone with an affordable Final Expense insurance policy.
Whole life insurance is a type of permanent life insurance policy that covers the policyholder at a locked-in rate as long as they live. Whole life insurance builds cash value over time.
Guaranteed Issue Whole Life Insurance is a type of whole life insurance policy that is guaranteed to an applicant, without the requirement of health questions or a medical exam. Some types of life insurance policies require a medical examination. During a medical exam, a medical technician will evaluate the potential policyholder's health, which may include taking blood and urine samples and/or performing an EKG/ECG.
The guaranteed issue type of life insurance policy is designed to cover end-of-life expenses such as funeral costs, medical bills and credit card debt, to protect loved ones from future financial burdens. Guaranteed issue life insurance includes living benefits, which are benefits paid when the policyholder experiences a chronic or terminal illness.
Term life insurance is a life insurance policy that covers the policyholder for a specific term, or amount of time. The policyholder determines the term of the life insurance policy, which typically ranges from 10 to 30 years and can increase in 5-year increments. Term life insurance is one of the most affordable types of life insurance.
Your coverage needs depend on factors such as your age, your financial strength, and your family’s circumstances. In general, the earlier you are in life and the more financially dependent your loved ones are on you, the more coverage you need.
Life insurance for children is usually purchased by a parent or guardian as a safety net in case your child passes away. These policies are typically term-based, lasting until around the age the child becomes an adult, but it's also possible to purchase a permanent policy, which would allow the child to access coverage for their entire life at a locked-in lower rate due to their young age.
Terminal illness insurance (known as accelerated death benefit in North America) pays out a capital sum if the policyholder is diagnosed with a terminal illness from which the policyholder is expected to die within 12 months of diagnosis by a physician who specializes in that illness or condition.
Critical illness insurance is a type of supplemental insurance that pays out a one-time lump sum cash benefit if you are diagnosed with a covered condition, such as cancer, heart attack, or stroke. It is designed to assist with the cost of treating and recovering from serious conditions requiring expensive treatment and procedures.
Long-term care insurance is designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility.2 It provides benefits for a wide range of medical, personal, and social services for people who require help with daily activities of living.
Even if you have health insurance, your policy might have gaps and out-of-pocket costs that you might not be aware of until you land in the hospital. Hospital confinement insurance provides cash for each day you spend in a hospital. It can be used for deductibles and other unexpected expenses that your health insurance won’t foot the bill.
Debt Free Life is a modern way to pay off debt using the cash value of a specialized whole life insurance policy. It provides coverage for debts such as mortgage payments, student loans, auto loans, credit cards, home equity loans, and medical bills.
An annuity is a contract between an individual and an insurance company that guarantees a fixed amount of money for the rest of their life in exchange for a single payment or a series of payments.
Your coverage needs depend on factors such as your age, your financial strength, and your family’s circumstances. In general, the earlier you are in life and the more financially dependent your loved ones are on you, the more coverage you need.
Infinite banking is a personal finance strategy that involves taking out loans against a whole life insurance policy, allowing policyholders to become their own banker. This involves overfunding a cash value life insurance policy and treating it as a line of credit.
You should discuss your unique situation with an agent and build a policy that will protect your family. Contact us online to start the conversation.
You may reach out to Natasha Kelly or Michael Tufts to discuss opportunities in the life insurance industry. Click the (Contact Us) tab on the home page to connect.
Copyright © 2024 Life Protection Matters - All Rights Reserved.
Powered by GoDaddy
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.