LIFE INSURANCE

Provide Your Family With Financial Stability with Life Insurance

Life insurance can help provide financial stability and security to your family if you were to pass away. This can help relieve the burden of medical bills, mortgages, college tuition, and many other expenses. We offer a wide array of products that can provide various benefits and coverage.

Types of Life Insurance

  • Term Life Insurance
  • Variable Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance
  • Group Life Insurance
  • Individual Life Insurance
  • IRAs

Term Life Insurance

Term life insurance provides you protection for a specific price over a specified period of time: usually 10, 15, 20, or 30 years. Coverage expires without value at the end of the term, and you will need to either convert your policy to a permanent life insurance plan or purchase a new policy for a new term. Term life insurance pays out a specified lump sum to a beneficiary only if you die before the policy expires. Term life insurance is somewhat less expensive than permanent life insurance due to the drawback of having an expiration date.

Variable Life Insurance

A permanent life insurance policy with a cash value account. Variable life insurance policies require a fixed annual premium for the policy's life and may provide a minimum guaranteed death benefit. The death benefit will increase if the cash value account exceeds a certain amount. Variable life policies usually allow for a more comprehensive selection of investment options, known as subaccounts, for you to choose from. Your choices range from a fixed interest sub-account to a highly volatile international growth account.

Whole Life Insurance

The simplest and strongest guarantees of any type of life insurance. Whole life policies allow for the accumulation of cash value on a tax-deferred basis, which can be used when you need it. Your cash value will build slowly and steadily, but you’ll see it grow faster as your cash value increases. It pays to be patient!

Universal Life Insurance

The flexibility of universal live coverage allows for changes to the death benefit and the size and timing of the policy’s premium, to an extent. So as changes to your life take place, so can your coverage. Your tax-deferred cash value account accumulates at least the guaranteed interest rate but may earn at a higher rate depending on current market rates. This means you may receive more cash value than expected, or you may get none at all. Consult with our professionals about over-funding to ensure your universal life policy has a cash value.


To find out more about any of these life insurance policies, contact our team today at 734-697-5544.

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