Life Insurance
Options
Term Life Insurance
Term life insurance will provide a cash payout if the insured dies within the term of the policy. The issuance of the policy usually requires a medical exam and is generally cheaper than a whole life policy. The initial rate is guaranteed during the term of the policy and could increase when the term expires if the insured wants to keep the policy in place. During the final stages of the term there may be options available to convert the policy to a whole life policy.
Whole Life Insurance
Whole life insurance protects the insured for the duration of their life. Many whole life policies build cash value that the insured can borrow from without high fees interest or penalty and even without the need for repayment. Some policies require medical exams while others do not. There are even policies that are indexed with the securities markets that grow with the markets. The lifetime premiums can be either fixed or variable depending on the needs of the insured.
Disability Insurance
Disability insurance can provide a living benefit in the form of regular income in the event that the insured becomes disabled and unable to continue making an income.
Everyone's needs are different so schedule an appointment to discuss what type of product would be right for you and your family