It is wise to protect your family with affordable and flexible life insurance coverage.
Life Insurance
A life insurance policy is a contract with your insurance company. In return for premium payments, the insurance company provides a payment (known as a death benefit) to beneficiaries upon the death of the insured.
Life insurance is chosen based on the needs and goals of the owner. Term Life insurance generally provides protection for a set period of time, while permanent insurance, such as Whole and Universal Life, provides lifetime coverage. Death benefits from these life insurance policies are generally income tax-free.
Annuities
An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. You buy an annuity by making either a single payment or a series of payments. Similarly, your payout may come either as one lump-sum payment or as a series of payments over time. People typically buy annuities to help manage their income in retirement.
There are three basic types of annuities, fixed, variable and indexed.
Long Term Care
A long-term care (LTC) rider is an optional add-on to a qualifying life insurance policy that provides financial support if you need hands-on daily care from a nurse or a health aide for long periods of time. This care can be received at your home or in a health care facility.
Disability
Disability Insurance (DI) provides short-term benefits to individuals who have a full or partial loss of wages due to a non-work-related illness, injury, or pregnancy.