Life Insurance
Protect the important people in your life
People buy life insurance for all kinds of reasons.
Some people want to make certain that their family will be well taken care of
if they should die.
Some want to set up their estate to minimize the tax burden and make sure of
what they have earned goes to their heirs and still others need life insurance
to help them buy out a business partner or to provide additional benefits to key
employees.
Regardless of why someone may come to us for help, we have a product designed
to solve their problem.
There are really only two types of life insurance. Term
life insurance where the cost of insurance increases or permanent life insurance
where the premium costs are level for the life of the contract.
Term Life Insurance is best suited to people who need a
great deal of insurance protection for a relatively small cost. Many people buy
10 or 20 year term insurance. The cost of this coverage will increase every ten years
and the contract will eventually be terminated leaving the person without life
insurance coverage.
Permanent Life insurance also known as Universal Life or
Whole Life Insurance provides coverage at higher costs but will not expire
provided the costs associated with the coverage are paid.
Many permanent Life insurance policies build up a cash
value as a savings portion within the policy where as term life insurance does
not typically build a cash surrender value.
Before we recommend any insurance product we complete a life insurance
needs analysis to determine how much and what kind of life insurance you
require.
