Investment Managing, Healthcare Plans & Long Term Care Planning All Under One Roof

Which Type Is Best For You?

 

Here are the three different types of Life Insurance below:

  • Term Life Insurance

    Term life insurance is the most common type of life insurance today. Two reasons for this are the combination of cheap premiums and the high amount of coverage. There are different ways that a company can offer you coverage. For example, the most common length of coverage are:

     

    * 10 Year Term

    * 20 Year Term

    * 30 Year Term 

     

    The best type of term coverage are plans that have a locked-in premium for the full duration of your coverage, meaning if you have a 20-year term policy, your rate will remain the same for the full 20 years of coverage. One of the biggest concerns if you have a term policy is that regardless of how long your coverage is for(whether it's for 10,20, or 30 years), the company can raise their premium every 5 years! There are a lot of agents that will not fully disclose this to you. We only offer companies that will give you a locked-in premium for the full period of your term. If you currently have a term policy, please feel free to request a complimentary review done by us that will confirm if you have a locked-in rate or not. If you are looking for new coverage, we can find you the absolute lowest rate available in your area.

     

    Term policies do not build any cash value within them. After your term is up, it is important to contact you to reapply for life insurance. Otherwise, your premium can increase up to 700% within the 1st or second year after your "rate lock" period ends. Please fill out your online request below if you would like to receive a no-obligation term life quote.


  • Universal Life

    Universal Life is the second cheapest type of life insurance available(right after "Term Life"). Some universal life policies can increase in premium at any time. Other universal life policies will offer you a "locked-in premium" for the rest of your life. Universal life policies will build cash value for some time but will eventually run offer no cash value. If you are looking for cheap premiums with some life insurance rate guarantees, universal life might be the right fit for you. We also offer the cheapest universal life quotes based on your city, state, and zip code. Please fill out your online request below if you would like to receive a no-obligation universal life quote.

  • Whole Life Insurance

    Whole Life is the highest quality of life insurance you could ever have. It is the most costly, but whole life takes the guessing game out of insurance. The rates/premium will remain the same for as long as you live. It will never increase. The cash value is also guaranteed to build as long as you do not miss payments or unless you borrow from your cash value amount. Whole life policies can always reach a point where they are paid up, and you will never need to make another premium. Your coverage will remain the same and will never drop in value. As with all 3 types of life insurance, we offer the cheapest rates available in your area. Please fill out your online request below if you would like to receive a no-obligation whole life insurance quote. 

We often worry about our loved ones being taken care of long after we're gone. Will our loved ones be left with a mortgage payment, will they have enough income to take care of their essential needs, will they have an emergency fund in place if unexpected expenses come up? Life insurance is a wonderful way to take care of all or most of these potential needs. We can usually find coverage for all types of budgets. We recently explained this to a client. We expressed that our #1 goal of finding suitable life insurance coverage begins with a budget of what you can comfortably pay each month(or every 3 to 6 months at a time). We never want to cause you to lose sleep or have to pinch pennies because you are stretching yourself beyond an amount that is truly comfortable for your budget. He thought we were kidding. He then volunteered a $7/mo budget for life insurance. To his surprise, he is currently covered at $7/mo and is a very happy client of our agency. Would you like a complimentary, no-hassle quote? Simply fill out the online request below.


Long Term Care

 

Two of the biggest enemies for a retiree are a stock market crash and the exorbitant price of having long-term care coverage. During the mid-'90s and through 2010, it would typically require paying a high monthly, quarterly, or annual premium to get long-term care coverage. Another issue that could arise is that the premium would regularly increase if the policy reached a premium that was too high to justify keeping the coverage and a person canceled their policy. All of the money that you paid on your policy was now gone. There was never a reimbursement for benefits that we're not used to. There was never a refund of any of the premiums. At this point, you would have nothing to show for all of the premiums that you would have paid on the policy over time. Thankfully from 2010 onward, more options became available that were way more cost-efficient in getting long-term care protection without ever having to pay a monthly payment. If long-term care is an area of concern and you would like to find alternative ways to cover long-term care, please submit a request below for a free report on efficient ways to get long tern coverage.

Contact Us

Share by: