What is Life Insurance and what solutions are available?
Life Insurance is fairly simple conceptually. This insurance provides a sum of money to a beneficiary
upon the death of a person or set of persons. That benefit may be paid in one lump sum or over a period
of time.
Typically, one individual’s life is insured. The life insurance put into place may cover lost income, death
and burial costs, the pay-off of loans, or the desired wishes of the deceased. For example, many
individuals want to support various non-profit organizations or the future education of close family
members. Life insurance provides a means of doing that at the untimely death of an individual.
However, businesses also may find themselves in trouble should a key employee or officer pass away.
Life insurance can provide the business itself the financial wear-with-all to survive after such a loss.
Why is Life Insurance Important?
There are three significant reasons this coverage is important.
- The primary reason life insurance is important is because every person will die and almost
always, we don’t know when that will happen. Life insurance is the only form of insurance that is
guaranteed to pay-out if kept over a lifetime. - For virtually everyone, there is a financial need at a time of death; especially if a person dies
early in life. Life Insurance is one of the few ways to provide for this need. - Finally, it’s affordable; especially if the individual being insured is healthy.
- The primary reason life insurance is important is because every person will die and almost
Here are some common types of life insurance policies we sell and that should be considered:
- Group Life Insurance: We regularly work with businesses and non-profit organizations to
provide many group benefit policies, including life insurance. Purchasing coverage this way
affords an important base of coverage to all employees and members. It’s amazing to note that
a large percentage of the population only has life insurance coverage provided by their
employer. Employers that really care about their employees and their employees’ families
should make group life coverage available. - Individual Term Insurance: Term Life Insurance provides an amount of coverage that is needed
for a certain period of time. It is the ideal solution for covering loans or other financial needs
that are sure to go away in the future. It’s also a great solution for various contractual needs.
We sell a variety of Term Insurance products including level term, decreasing term, and even
return of premium term products. - Individual Permanent Life Insurance: There are a variety of permanent life insurance products
one may consider. All permanent life insurance policies have an added benefit in that they
develop a cash value that can be used by the insured if needed in the future. The idea behind
permanent life insurance is that it will be in-force permanently. Many individuals want the
certainty that some amount of life insurance will be available when they die – even if they live
well beyond normal life expectancy. Whether it is a Universal Life or Whole Life product, we can
help you acquire the right product to meet your needs.
- Group Life Insurance: We regularly work with businesses and non-profit organizations to
How Our Team Can Help:
Our experienced team of insurance professionals is here to guide you in determining your needs and
finding the appropriate solution. We do this in several ways:
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
closely with you to customize an insurance plan that meets your specific needs and budget. - Need Assessment: We will work directly with you to determine how much coverage you actually
need and how long you’ll need it., - Claims Assistance: In the event of the death of an insured, our dedicated claims specialists will
assist you throughout the claims process in making sure you get your benefits quickly, all while
exercising empathy and compassion during your grieving process. - Expert Advice: With our in-depth knowledge of the insurance market, we can provide expert
advice and guidance to help you make informed decisions about your insurance coverage.
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
Get Started Today!
Protect your investment and minimize financial risks with the appropriate Life Insurance Solution.
Contact our team today to learn more about our insurance solutions and how we can help safeguard
your ownership or business interests.