The tax-free proceeds from a life insurance policy can be used to pay off: debts, final expenses, mortgages, or to leave money to your loved ones. Protect your family with much needed cash when they need it most.
We offer a broad range of life insurance plans for coverage up to $5,000,000.
Call us at 1-877-495-2525 to apply.
Life Insurance is of two types:
Term Insurance is the least expensive form of life insurance. Term insurance provides protection during 10 or 40 year terms. In addition, these plans may be renewed for additional terms or converted to permanent life insurance plans. We have a term plan offering up to $5,000,000.
There are two types of Permanent Insurance Policies available in the market. Universal Life Insurance and Whole Life Insurance Policies………………………….
Universal Life Insurance Policy
Unlike term insurance which provides pure protection, a UL policy also includes a savings component. This savings component allows for tax-deferred investment growth that can be used in many ways such as supplementing retirement income or helping to cover the costs associated with a disability*. The amount of savings that can be accumulated within this type of plan depends on a number of factors including the age of the insured and the amount of insurance coverage purchased.
These products also include strong guarantees such as the cost of insurance rates1 and the policy fee. Universal life also offers a wide range of investment options, a choice of death benefit options, riders, optional benefits and many other features you and your advisor can use to customize your plan to your specific needs.
What can you do with your universal life insurance plan?
The question really should be, what can't you do with your UL plan! Because it has a built-in savings component, a UL policy gives you tax efficiencies while letting you:
• Build assets for your children
• Help protect your mortgage
• Enhance your retirement income
• Provide financial options and solutions for small businesses
• Help protect your retirement savings in case of an occupational disability or one caused by 26 critical illnesses, including the need for long-term care.
Whole Life Insurance Policy
Whole life insurance is a good option for all stages in life. You choose the payment period, you are insured for your entire life and it also provides surrender value.
For your family
Nothing can replace the loss of a loved one. But it's comforting to know that your loved ones will have the necessary financial support to help them carry on, no matter what. Whole life insurance protects your loved ones' financial security for their entire lives.
For your children
Insurance coverage is also a precious gift to give to your children. By subscribing to coverage at a low price because of their youth, you guarantee them coverage that they can adapt to their needs as they get older.
For your business
Your business is your life's investment, so you want to protect it. To guarantee its continuity, either by financing the purchase of a partner's shares or giving your heirs the necessary time and assistance to find the right buyer, whole life insurance helps to avoid unpleasant surprises and helps keep your business prosperous.