Do you need a life insurance policy?
No one really wants to think about life insurance. But if someone depends on you financially, it’s a topic you can’t avoid. It is designed to provide some financial security to your loved ones after you’re gone. The money can help pay off debt, fund your spouse’s retirement, pay off outstanding debts or help your children pay for their education.
Do you own a business?
What would happen to your business if you, one of your fellow owners or a key employee died tomorrow? A policy can be structured to fund a buy-sell agreement. This would ensure that the remaining business owners have the funds to buy the company interests of a deceased owner at a previously agreed upon price. That way, the owners get the business and the family gets the money.
There are many types of life insurance. Call me and we can determine which type of policy is right for you.
- least expensive initially
- you are buying coverage for a specific number of years
- the coverage simply expires at the end of years (term)
- may be able to be converted to permanent, whole life insurance
- more expensive to start off than term life policies
- they will remain in effect throughout the insured’s lifetime
- premiums stay level
- whole life and universal life insurance policies provide permanent protection
Key Points of Guaranteed-Issued Life:
- policy that provides coverage regardless of medical history or age
- a choice if a traditional life insurance policy is not an option
- a choice if a traditional life insurance policy is not an option