Individual Products
Term Life Insurance
Term life insurance provides coverage for a specified period, such as 10, 20, or 30 years. It’s a cost-effective option for protecting your loved ones during critical financial years, such as when paying off a mortgage, funding a child’s education, or covering income replacement needs. If the insured passes away during the term, the policy pays a death benefit to the beneficiary, ensuring financial security during difficult times.
Whole Life Insurance
Whole life insurance offers permanent coverage, meaning it lasts for the insured’s lifetime as long as premiums are paid. It combines a guaranteed death benefit with a cash value component that grows over time at a fixed rate. This cash value can be borrowed against or used for other financial needs. Whole life insurance provides stability, predictable premiums, and an opportunity for wealth building.
Universal Life Insurance
Universal Life Insurance Universal life insurance provides permanent coverage with added flexibility. It allows policyholders to adjust their premium payments and death benefit amounts to match their changing financial circumstances. The policy includes a cash value component that grows based on either a guaranteed rate or a market-linked interest rate, making it a versatile option for long-term financial planning.
Final Expense Insurance
Designed to cover the costs associated with end-of-life expenses, such as funeral services, medical bills, or outstanding debts, final expense insurance offers peace of mind to both the insured and their loved ones. It is often a simplified-issue policy, meaning no medical exam is required, and coverage amounts are smaller, typically ranging from $5,000 to $50,000.
Child/Juvenile Life Insurance
Child or juvenile life insurance provides lifetime coverage for children, along with a savings component that can accumulate cash value. These policies can lock in affordable premiums at a young age and provide financial protection for unforeseen circumstances. They can also serve as a foundation for a child’s financial future, offering funds for education or other needs.
Burial Insurance
Burial insurance is a type of final expense policy that specifically covers funeral and burial costs. With smaller coverage amounts and straightforward underwriting, it ensures that loved ones won’t face financial burdens related to funeral planning, easing the emotional stress during a difficult time.
Mortgage Protection Insurance
Mortgage protection insurance is designed to pay off or help cover the remaining balance of a home loan if the insured passes away unexpectedly. It ensures that family members can stay in their home without financial strain, making it a valuable product for homeowners seeking peace of mind.
Return of Premium (ROP) Term Life Insurance
ROP term life insurance combines the affordability of term life with the added benefit of premium reimbursement. If the insured outlives the policy term, they receive a refund of the premiums paid. This feature makes it an attractive option for individuals looking for coverage with the potential for a financial return.
Fixed Index Annuities
Fixed index annuities are retirement savings products that provide guaranteed income and growth tied to the performance of a stock market index, such as the S&P 500. They offer the potential for higher returns than traditional fixed annuities while protecting against market downturns. These annuities are ideal for those seeking a secure way to grow their retirement savings with minimal risk.
Estate Planning Insurance
Life insurance plays a critical role in estate planning by helping to preserve and transfer wealth efficiently. These policies can provide liquidity to cover estate taxes, debts, or other financial obligations, ensuring that assets are passed on to heirs without significant financial burdens or delays.
Key Man Insurance
Key Man insurance is a business-focused policy designed to protect companies from financial losses caused by the death or disability of a key employee or owner. The death benefit can be used to cover business expenses, hire a replacement, or maintain operations during a transition period. It’s a vital tool for business continuity planning.