Insurance

LIFE INSURANCE

Asset protection and preservation are two of the most important, yet most often neglected, aspects of our financial lives. When we fail to protect against the unknown, we risk placing financial hardship on our loved ones.

Often we neglect this decision due to the fact we don't want to talk about the possibilities of life without a loved one, but each of us encounters various financial risks on a daily basis. We all have heard stories or have experienced situations where life changed in an instant. When this happens, it is too late to ask, “What now?" Don't wait and have to ask that question. 

Term:

Term insurance offers protection for a set period of time. This is usually from 1 to 20 years, although term limits may vary between insurance companies. If you discontinue paying your premium, then the insurance will stop. Term policies pay out benefits if the insured passes away during the period covered by the policy and this type of insurance does have value beyond the death benefit.

Permanent Life Insurance:

Permanent policies do not expire. They are intended to protect your loved ones permanently, as long as you pay your premiums. Permanent life insurance policy terms can vary by company and by product, but normally accumulate cash value and have a set premium that does not increase. 

Long Term Insurance:

These policies are designed to assist you in paying for the increasing costs associated with Long-Term care without using the assets you have spent a life-time accumulating. It also gives you or your loved one options with where their care is provided. One of the best ways to ensure you can pass on your hard earned assets to your loved ones would be to protect yourself against these costs which continue to grow higher and higher where the average consumer could not bare the expense on a monthly basis. 
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