Insurance Made Easy

 Term life insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a specified number of years, generally between 10-30. Term life insurance pays a death benefit only if you die during that term. Term insurance generally provides the largest insurance protection for your premium dollar. It remains in force for as long as premiums are current, provided there are no misrepresentations on the application. The insurance coverage terminates if you discontinue your premium payments. 

 Whole life insurance provides permanent protection for the whole of life, from the date of policy issue to the date of the insured's death, provided that premiums are paid. Premiums are set at the time of policy issue and remain level for the policy's life. Unlike term insurance, whole life combines insurance protection and savings or cash value which builds over time. Cash value  may provide a source for living benefits, for example, helping pay off a mortgage, or a child's education, or cash surrender value if the policy is ever canceled. 

 For most homeowners, the mortgage is the single largest source of personal debt. Mortgage protection insurance is a specialized life insurance policy designed to pay off that debt in the event of your  premature death.

Like most life insurance, mortgage protection insurance eases the financial burden on your loved ones. It is an affordable way of ensuring that your home is paid for no matter the circumstances. Cancer, stroke, heart attack, injury, death—your family will never be in jeopardy of losing their home as long as you put a custom mortgage protection insurance plan in place.

 Final expense insurance helps families cope with the loss of a loved one by guaranteeing all funeral and burial expenses will be paid for. With so many different options to choose from, the cost for a service, burial plot, casket, and headstone can range anywhere from $5,000 to $20,000, and the grieving period is no time to make complicated financial decisions.

Final expense insurance is a perfect alternative to traditional life insurance because it is more affordable, no medical exam is required, and premiums will not increase over time. Most carriers offer terminal illness and/or nursing home riders on these policies. 

 Universal life insurance is characterized by great flexibility. Policyholders can determine the amount and frequency of premium payments. Like whole life, a universal life policy can provide lifetime protection while building cash value with tax advantages. Universal life also gives you the flexibility to raise or lower premiums within certain limits, so it can cost less than whole coverage. Considered the most flexible of life insurance,  the universal life allows you to take  policy loans against the cash value, use it to pay your premiums, or even use it as a supplemental income in retirement, if structured properly.  

 Becoming increasingly popular, Long Term Care insurance (LTC) can be purchased as a stand alone policy or bundled with life insurance.  Long-term care—which can take many forms to address an individual’s needs for assistance with activities of daily living—can be expensive, and most private health insurance plans don’t cover it. For this reason, some older adults decide to enroll in a long-term care insurance plan. This insurance pays not only for nursing home care, but home health care, and skilled nursing facilities. 

 Annuities are investment contracts issued by insurance companies that can be used to help build a guaranteed income stream, a retirement nest egg, or left for beneficiaries as a death benefit.  Annuities 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. 

Disability insurance  provides a portion of your income if you become sick or injured and are unable to work. These policies are tailored to your individual needs and income level. They pay in addition to any disability insurance covered by your employer to help fill the gap in your living expenses.