Services

Mortgage Protection

Mortgage Protection is a type of life insurance policy designed to pay off your mortgage if you pass away or make your mortgage payments if you become sick and can not work. It secures your equity.

Term Life Insurance

This is the simplest and most affordable type of life insurance. It provides coverage for a specific term, such as 10, 20, or 30 years. If the insured person passes away during the term, the policy pays out a death benefit to the beneficiaries. However, once the term ends, the coverage terminates, and there is no cash value accumulation.

Whole Life Insurance

Whole life insurance is a permanent policy that provides coverage for the entire lifetime of the insured, as long as premiums are paid. It offers a death benefit to beneficiaries and also includes a cash value component that grows over time. This cash value can be accessed through loans or withdrawals, and it may also earn dividends or interest.

Universal Life Insurance

Universal life insurance is another type of permanent life insurance that offers flexibility in premium payments and death benefit amounts. It combines a death benefit with a cash value component, allowing policyholders to adjust their coverage and premiums over time. Universal life policies also offer the potential for cash value growth based on interest rates.

Variable Life Insurance

Variable life insurance is a type of permanent policy that allows policyholders to allocate a portion of their premiums into investment accounts. These investment accounts are tied to various investment options, such as stocks, bonds, or mutual funds. The cash value and death benefit of the policy can fluctuate based on the performance of the chosen investments.

Indexed Universal Life Insurance

Indexed universal life insurance is a variation of universal life insurance that offers potential cash value growth linked to the performance of a stock market index, such as the S&P 500. It provides a death benefit, a cash value component, and flexibility in premium payments. The policyholder can allocate premiums to both the fixed interest account and the indexed account.

Survivorship Life Insurance

Survivorship life insurance, also known as second-to-die life insurance, covers two individuals, typically spouses, under one policy. The death benefit is paid out upon the death of the second insured person. This type of policy is often used for estate planning purposes, as it can help provide liquidity to cover estate taxes or leave an inheritance to beneficiaries.

Final Expense Insurance

Final expense insurance, also called burial or funeral insurance, is designed to cover the costs associated with a funeral, burial, or other end-of-life expenses. It is typically a smaller policy with a lower death benefit, and the application process is simplified, often without requiring a medical exam.

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