PRODUCT SOLUTIONS
LIFE
Life
insurance may be one of the most important purchases you'll ever make.
In the event of a tragedy, life insurance proceeds can help pay the
bills, continue a family business, finance future needs like your
children's education, protect your spouse's retirement plans, and much
more. If you're considering securing you and your family’s financial
future, we would be happy to review your current situation and offer a
few ideas on how you can protect it!
Term Insurance
the most affordable type of insurance when initially purchased, is
designed to meet temporary needs. It provides protection for a specific
period of time (the "term") and generally pays a benefit only if you die
during the term. This type of insurance often makes sense when you have
a need for coverage that will disappear at a specific point in time.
For instance, you may decide that you only need coverage until your
children graduate from college or a particular debt is paid off, such as
your mortgage.
Permanent Insurance
by contrast provides lifelong protection. As long as you pay the
premiums, and no loans, withdrawals or surrenders are taken, the full
face amount will be paid. Because it is designed to last a lifetime,
permanent life insurance accumulates cash value and is priced for you to
keep over a long period of time.