Life Insurance
Financially protect your loved ones with the right insurance plan.
Secure the future for those closest to your heart by meticulously selecting top-tier life insurance and annuities, which stand as pivotal components in crafting your long-term financial strategies. The prospect of navigating through the various options doesn't need to be daunting. With the assistance of a trustworthy financial counselor, the path to the most suitable coverage can be demystified, ensuring that the products align perfectly with your personal tolerance for risk and your overarching financial goals. By taking action today, you can provide peace of mind for your loved ones' days ahead, through the prudent choices of superior life insurance and annuities. These instruments are not mere options but rather essential ingredients in the blueprint of your financial planning for what lies ahead. Allow the complexity of the decision-making process to be simplified by the expertise of a dedicated advisor. This professional ally will steer you towards selections that resonate with both your financial objectives and your level of comfort regarding risk, crafting a tailored fit for your unique financial landscape.
Term Life Insurance
Gain peace of mind with affordable Term Life Insurance. It's a smart choice to protect your family's future for a specific period. If life throws a curveball, this policy helps support your loved ones financially. Many plans let you extend coverage to match life's changes, including health issues. Just remember to check future costs and age limits when renewing. If your term expires, reapply to maintain uninterrupted coverage.
Cash Value Life Insurance
A cash value life insurance policy is different because you can keep it for as long as you need it. These policies also have savings or investment features, which make it possible for policy owners to get money from the policy while they’re still alive. Whole life, universal life and variable life are types of cash value policies.
Life Insurance Riders
Life insurance riders give you a choice to add coverage that isn't in your life insurance policy. But adding a rider also increases your premium.
With a waiver of premium rider, you can stop paying your life insurance premium if you develop a covered illness or disability named in the rider. Also check if you must wait before the insurer waives the premiums after you're diagnosed.
With an accidental death benefit rider, your policy will pay more than the death benefit if you die in an accident. Some riders pay two to three times the death benefit for certain accidents. Insurers sometimes describe these riders as double or triple indemnity. Be sure to check how the rider defines an accident.
A guaranteed insurability rider lets you increase your death benefit at certain times in the future without a medical exam. How much it costs to increase the benefit will depend on your age and the amount of the increase, not your health or lifestyle.
A long-term care rider lets you use part of your death benefit to pay for long-term care expenses. There may be a limit on how much of the death benefit you can use. Also, you may be able to use the benefit only for certain types of long-term care expenses, such as nursing home or home health care. The rider will state how the insurer will pay benefits. You may have to pay for expenses first and be reimbursed. Or the insurer could pay you a set amount each month. The rider also will tell you what's required to access your death benefit. Usually, you must be unable to do certain activities of daily living. You may also have to wait a set amount of time before you can use the death benefit for long-term care expenses.
An accelerated death benefit is also known as a "living benefit." It lets you take money from your death benefit if you're diagnosed with a terminal illness and expect to die soon. You don't have to use the money to pay for care related to your illness. Be sure to check the rider to learn what terminal illnesses qualify and what else the insurer requires. Ask how much of the death benefit you can receive and how much will be kept to pay beneficiaries after you die.
Annuities
Annuities are a financial contract with an insurance company that make a series of income payments to you at regular intervals in return for a premium and premiums previously paid. The value in an annuity contract is the amount in premiums you have paid, minus any applicable charges, plus any interest your premiums have earned. There are two types of annuity products: deferred annuities and fixed deferred annuities.
Here's what you should know before you purchase an annuity.
Deferred Annuities
A Deferred Annuity is an annuity payment to be made as a single payment or a series of installments to begin at some future date, such as in a specified number of years or at a specified age.
Fixed Deferred Annuities
Money in a fixed deferred annuity earns interest at a rate the insurer sets. The rate is fixed (won't change) for some period, usually a year. After that rate period ends, the insurance company will set another fixed interest rate for the next rate period. That rate could be higher or lower than the earlier rate.
Fixed deferred annuities do have a guaranteed minimum interest rate—the lowest rate the annuity can earn. It's stated in your contract and disclosure and can't change as long as you own the annuity. Ask about:
The initial interest rate – What is the rate? How long until it will change?
The renewal interest rate – When will it be announced? How will the insurance company tell you what the new rate will be?
Get In Touch
