Life Insurance

Term Life Insurance - Term life insurance is usually worthwhile and affordable. Term life provides a specific dollar coverage over a certain period of time. Typical durations are 10, 20 and 30 years. Term life matters if you still have outstanding mortgages or heavy debt. Clients need to continue paying their premiums for term insurance to help replace earned income in case of the death of a loved one.  Most policies offer a level premium over the life of the contract. It is important to continue to pay your premiums to ensure your policy remains in force and the death benefit will be paid to the beneficiary named on the life insurance contract. Many of our clients have term insurance in place before we meet. Feel free to call for a free evaluation of your policy.

Final Expense Life Insurance - This is a common life insurance policy used by our Medicare beneficiaries. They are usually used to cover the cost of a funeral or cremation. These policies can also be used to pay unexpected medical bills and other end of life expenses. If you are in reasonable health it pays to buy a policy that requires underwriting, as they are less expensive. Feel free to contact us for a free consultation regarding your existing policy. We are always searching for the best value in this everchanging type of life insurance.

Rely on Kevin to advise you about final expense insurance that can help you cover the costs of your funeral and not burden your loved ones.

Whole Life Insurance - Keep in mind there are four different types of permanent insurance. Whole life is often referred to as “straight life insurance”. These plans are designed to last for life and require higher premiums than term insurance. You may build cash value and you may borrow against your policy (not recommended) if necessary. Straight life insurance is often used in complex wealth preservation and estate planning strategies. These policies should be reviewed from time to time. Please contact us for your free consultation to determine if your policy is still the most efficient for your specific requirements.

Remember, in most instances life insurance is the only vehicle in your portfolio that still pays beneficiaries tax free benefits. We believe life insurance products are often under utilized and deserve more consideration for most of our clients and friends.