Life Insurance
Protect Your Loved Ones with Life Insurance
Types of Life Insurance
Life insurance gives you peace of mind by ensuring your loved ones are financially protected if something unexpected happens. Whether it's covering funeral costs, replacing lost income, paying off debts, or funding your children’s education—life insurance stands as a crucial safety net.
Term Life Insurance
Affordable Protection: Fixed premium and death benefit over a set period (10, 20, or 30 years).
Flexible Options: Ideal for covering mortgages, tuition, or income replacement during your working years.
FINAL EXPENSE
Simplified Qualification: Easier to approve, often no medical exam needed.
Covers End-of-Life Costs: Specifically designed to handle funeral and burial expenses.
UNIVERSAL LIFE insurance
Universal Life Insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances.
Flexible Premiums: Adjust payments and death benefit based on life changes.
Cash-Value Growth: Potential for higher growth with interest-linked accounts.
WHOLE LIFE insurance
Lifetime Coverage: A permanent policy with a cash-value component.
Savings Component: Builds cash value over time—use for loans, emergencies, or retirement planning.
Commonly Asked Questions
Q: How much life insurance do I need?
A: A general rule is 7–10x your annual income plus outstanding debts and future expenses like college tuition. We’ll help you refine this to your exact situation.
Q: Do I need a medical exam?
A: Term and whole policies usually require exams, though some final-expense and simplified-issue policies do not.
Q: Can I convert term to permanent coverage later?
A: Yes! Many term plans include a conversion option that allows you to switch to whole or universal life without a new exam.
Q: What if I miss a premium payment?
A: Most policies include a grace period—usually 30 days. We’ll guide you through the process so coverage remains in force.
Q: How quickly do beneficiaries receive payouts?
A: Claims typically settle within 30–60 days of submitting documentation. We assist your beneficiaries to ensure a smooth process.
Q: Can I update my policy later?
A: Absolutely. You can adjust coverage, add riders (e.g., critical illness or waiver of premium), or upgrade your plan as life evolves.