Life Insurance
The first and primary concern of Life Insurance is protection. Your primary goal is to make sure your clients are protected throughout every stage of life.
- Die Too Soon
Clients concerned with which kind of insurance they need, how much they need, protecting their family or business and planning for events such as their children’s college fund.
- Become Ill
Clients concerned with protecting themselves from financial devastation due to terminal, chronic or critical illness.
- Live Too Long
Clients concerned with the cost of retirement and the risk of living beyond their initial assets.
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Term Life
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Low initial premiums make term insurance a practical alternative to permanent coverage, however, term premiums will eventually increase. If carried on, the annual premiums are likely to exceed the level premiums that could have been had with a permanent policy, without the benefit of building cash values.
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Whole Life
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As long as the policy owner continues to pay the premiums, there will be guaranteed death benefit, level premiums and cash value accumulation. These policies are designed and priced for an individual to keep over a long period of time.
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Unversal Life (UL)
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Considered to be the most flexible type of life insurance. UL provides both premium flexibility and death benefit flexibility. Universal life insurance also offers the ability to accumulate cash value under the policy on a tax-deferred basis.
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Indexed Universal Life (IUL)
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Works the same way that Universal Life does, but offers the option of having cash value accumulate at interest based on the changes of a major market index.
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