Life Insurance

Do you currently have a life insurance policy? Life insurance can provide your family with guaranteed financial security. A cash-value life insurance policy can be used for everyday expenses, personal & business loans, retirement savings, or just about anything else your family may need (becoming your own bank).

What is term life insurance?

Thinking of purchasing a Term policy? Term life insurance is affordable and gives you great protection. Your insurance costs will remain the same for the specific period of time (the “term”10-20-30 yrs), until it renews for another term. If you die while the policy is in effect, a tax-free payment will go to your “beneficiaries”. All term policies can be converted to a permanent insurance policy. All policies comes with living benefits.

What is index universal life insurance?

(IUL)-Indexed universal life insurance is a type of permanent life insurance. IUL comes with a cash value component in addition to a death benefit. The money in these cash-value accounts earns 7% to 9% average annual compound interest. It’s based on a stock market index chosen by your insurers, such as the S&P 500 or the Nasdaq Composite. This means, your money is not in the stock market and you will never lose your principal funds in your account, no matter what happens in the stock market (Because of a 0% floor).

Guaranteed Premium

Policy premiums for index universal life are also guaranteed not to change for the payment period (Minimum paid up is 5 years). The younger you purchase an insurance policy, the cheaper it will be. You can also access all funds “Tax-free” (no waiting for age 59 1/2). This policy comes with living benefits.

What is Whole life insurance?

Life insurance is an important part of every financial plan. One of the options you may consider is having a whole life insurance policy. This product offers financial wealth building & protection. A whole life policy is a permanent type of life insurance that covers you for your whole life (Minimum paid up in 10 yrs). Policy premiums for the whole life are guaranteed for life not to increase. The younger you are when you purchase a policy, the cheaper the cost of insurance. It earns an average of 2%–4% annually. This policy comes with living benefits.

Participating life insurance

Participating life insurance is a type of permanent whole life insurance coverage that can be eligible to receive dividends.
The amount of coverage you choose and your premiums are guaranteed for life.
You can use the dividends to buy more coverage, reduce your annual premium cost or earn interest inside the plan. Or you can take them in cash. Dividends are not guaranteed.

Permanent life insurance

Permanent life insurance is often called whole life insurance because it covers you for your whole life – and some types can build cash value over time.
Permanent insurance costs are usually guaranteed not to increase from the time you first buy the policy.
Some permanent insurance plans let you pay for a limited time and then you don’t have to pay any more.

Term Life Insurance

Term life insurance is simple and affordable , providing a fixed amount of insurance for a specific period of time
In the event of your death, the policy pays a tax-free benefit, to your beneficiaries
Term life provides temporary protection you can customize to meet your changing needs

index Universal life insurance

Index Universal life insurance is a flexible type of permanent life insurance that combines protection and savings.
You choose a guaranteed death benefit that your beneficiaries will receive.
The payments you make above the cost of insurance earn tax-free interest.