Life Insurance Services
Life insurance is one of the most important ways you can protect your loved one’s financial future and can a tax-free legacy.
Term Life Insurance is the simplest and most affordable type of life insurance. It provides temporary protection for a predetermined term, usually 10 or 20 years. Your coverage never decreases, and the premiums are guaranteed for the length of the term.
The purpose of this type of coverage is to protect your beneficiaries by providing a tax-free benefit that can assist with short term needs such as:
Whole Life Insurance is a form of permanent insurance that provides coverage for a lifetime, rather than a specified term. Depending on your plan the cost of the coverage is spread out over the lifetime of the policy or over a limited time period such 10, 15 or 20 years.
Additional features of Whole Life Insurance:
How much coverage you require will depend on several factors such as your lifestyle, age, number of dependents, income and assets. You can use our online Life Insurance Calculator to help you estimate how much is enough to ensure your loved ones are financially secure.
Universal life insurance provides the security of lifetime coverage with the benefit of having a flexible investment portfolio. The investment options are tailored to your financial needs and risk tolerance.
Some plans offer limited pay option to pay off the policy in 10-15-20 years.
Universal Life Insurance is best suited for individuals who:
No Medical Life Insurance is a type of life insurance that doesn’t require a medical exam, doctor’s visit or medical report.
If you are between the ages of 20 to 80 you can apply for coverage even if:
There are two types of No Medical Life Insurance policies: Guaranteed Life – no health questions or medical exams and Simplified Issue – no medical exams and just a few health questions. Based on your needs and requirements our professional advisors will be able to determine which plan is right for you.
Critical Illness Insurance
Critical illness policies are designed to provide a tax-free sum of money to assist an insured in adapting to his changed circumstances caused by a life-threatening illness. Most of the companies cover 25 illnesses.
Most critical illness policies at least provide benefits for a qualifying life-threatening occurrence of the “Big 4” conditions:
As an optional benefit (rider) many insurance companies offer their critical illness policyholders the opportunity to add a return (refund) of premium clause to their contracts that would pay back some, or all, of premiums previously paid by the policyholder should the insured die or the policy expire with no claim ever having been filed.