is the coverage your family and you deserve.
Guaranteed Life Insurance no Matter what your health issues are!
SENIOR WHOLE LIFE INSURANCE
Usually purchased by people in the 50-85 year age range. This product can insure people with major health issues such as diabetes, heart conditions, nerve issues and other health problems that traditional life insurance products will not cover. There is no medical testing, or physical exams needed to qualify for coverage. The premium payments never change and the face amount coverage never decrease. Cash value will build up through the years that can be borrowed from, or taken out of the policy without repayment. Customers will use these funds for burial needs, bills, and other life expenses without burdening their family and loved ones. Coverage up to 100 years of age.
TRADITIONAL WHOLE LIFE INSURANCE
Usually purchased in the 30s and 40s but can be purchased at later ages usually up to 70 years of age. Can be purchased for individuals for life time coverage up to age 100. The premium payments never change and the face amount coverage can increase but never decrease over time. Cash value will build up in these polices and can be borrowed from the policies. In large face amount purchases there is medical testing and blood work done in the convenience of your own home. Children polices can be purchased for coverage at birth. The cash value in later years can be used for college, automobiles, or bills needed to be paid. Interest accumulation in these policies are normally much higher than what banks and credit unions offer. This makes traditional whole life an excellent option for many people.
SINGLE PREMIUM WHOLE LIFE INSURANCE
Usually purchased by people that have a lump sum payment that has accumulated from a whole life insurance policy through the years. Money that has been in a CD account at a bank. Any lump sum funds that are available to purchase this policy in one initial payment. The attributes that make this policy attractive to most people are there are no more insurance payments ever after the initial deposit. Customers that have their money in a taxable account can purchase a single premium whole life product which gives their beneficiaries no tax advantage owed when the money is disbursed. The single premium used to set up the policy also builds cash value and gives immediate cash value when opened. The face amount coverage is usually 1.5 times larger than the original deposit. There is medical testing done normally on this product.
TERM LIFE INSURANCE
Usually taken out with people in their early 30s that are just starting out with families and mortgage payments and larger household expenses. This policy gives you the most amount of coverage with the least amount of premium payments. Policies are taken out for ten, fifteen, twenty, or thirty year terms. The money put in does not build up any cash value, and just pays for the policy coverage over a specified term applied for. Normally no medical testing up to 350,000.00 dollars in most cases. This policy is an excellent option for many people looking for larger coverage for their family and loved ones.
UNIVERSAL LIFE INSURANCE
Usually purchased by individuals that would like to make more interest on the premium payments paid into their policy. Universal Life offers four payment levels which can create added interest in the policy. It also gives customers the option of a lower payment at times, but with a lower interest accrual if people cannot afford to make a higher payment during a month period. The policies are usually covers individuals up to 95 years of age. Cash value will also build up in these polices through the years of coverage. Cash Value can also be borrowed or taken out at any time. This is a nice option for people that want a good amount of insurance coverage, and also build up larger cash value quicker than a traditional whole life policy.
Usually purchased by individuals in their late 40's to mid 60's. This is a nice option for retirement that will safeguard funds into their later years. Normally a lump sum is deposited into an annuity account. The transfer or deposit of funds can earn usually up to ten percent up front on the initial deposit, and for up to seven years in certain cases. The funds are much safer than investing in the stock market or mutual funds that can decrease at any time. In fact with the fixed indexed annuities account will only increase through the years. A guaranteed fixed interest rate is chosen each year by the customer owner. When the customer decides to start taking out their funds monthly, quarterly, or annually in later retirement years the money is taxed at the deferred tax bracket based on their age. The best attribute about the fixed index annuity is the investment money and growth accumulated is money the customer owner can never out live. The beneficiary funds are left for loved ones, and can also be left in the account to accumulate interest through the years. In many states now people can diversify their 401k or stock portfolios up to 90 percent in an annuity account depending on the plan administrators options for transfers. There is no medical testing of any kind for this product no matter the size of the annuity.