TERM LIFE INSURANCE
Life insurance that pays a benefit in the event of the death of the insured during a specified term. Terms can be from 10, 15, 20, or 30 years long.
WHOLE LIFE INSURANCE
Life insurance that pays a benefit on the death of the insured and also accumulates a cash value. Cash Value is the cash amount that is tied to a interest rate. It is cash that the policy owner can barrow from the policy death benefit while living.
INDEX UNIVERSAL LIFE INSURANCE
A permanent life insurance policy that allows policyholders to tie accumulation values to a stock market index. Indexed universal life insurance policies typically contain a minimum guaranteed fixed interest rate component along with the indexed account option.
A basic type of life insurance that is used to pay for funeral services and merchandise costs. This policy usually covers people until they reach the age of 100. Applicants do not have to go through a health exam in order to obtain it, they are usually asked to swear that they are not currently ill or in a nursing home.
A form of tax deferred retirement. It’s an interest baring account with an insurance company. An annuity is a contractual financial product sold by financial institutions that is designed to accept and grow funds from an individual and then tax deferred and then pay out a stream of payments to the individual at a later point in time.
MEDICAL HEALTH INSURANCE
A type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured. Health insurance can either reimburse the insured for expenses incurred from illness or injury or pay the care provider directly. We can provide quotes individually or as a group for businesses.
SHORT TERM AND LONG TERM DISABILITY
Disability insurance offers income protection to individuals who become disabled for a short or long period of time, and as a result can no longer work during that time period.
An insurance policy that protects a mortgage lender or title holder in the event that the borrower dies, or is otherwise unable to meet the contractual obligations of the mortgage. It protects your home and your family!