Life Insurance For Everyone Pay off your mortgage, replace your income and qualify for 100% return of premium plans. All life insurance plans offer fixed rates that are locked in for 10, 15, 20, 25, & 30 year terms. Living Benefits Included.
Life Insurance For Seniors Whole Life Insurance Plans for seniors ages 40-89. We specialize in finding affordable and fixed-premium plans that are locked in for life. These plans also build cash value that accrue over time. Living Benefits Included.
Get insured and pursue growth while enjoying total protection from market risk. Indexed Universal Life insurance policies provide good growth tied a published stock market index along with total protection from market loss. While this kind of cash value insurance tracks the movement of an index, it does not directly invest in any stock or equity vehicle.
Pursue upside potential without sacrificing security. With fixed indexed annuities, the interest rate on a portion of your premium is tied, in part, to a published stock market index, giving you the opportunity to benefit from market trends without owning stocks. Your principal is protected from loss due to market downturns.Fixed indexed annuities may also include or offer optional riders that can be purchased for a charge. Rider features vary by product, and can offer benefits like lifetime income, increased liquidity, or a death benefit option.
What is a life insurance policy, and what are its key features?
A life insurance policy is an agreement between an insurance company and a person (or legal entity). Each life insurance policy is different, and each state’s laws regulating insurance policies are different. In general, most insurance policies identify the following:
- The insurer: Only certain companies can provide life insurance, and these companies are regulated by state insurance departments.
- The policyholder: The person or entity (such as a family trust or a business) which owns (or “holds”) the policy. The policy can insure the holder, or it can insure another person.
- The insured: The person whose life is insured.
- The death benefit: The amount the insurer will pay when the insured passes away.1
- The beneficiaries: The people or entities that will receive the death benefit. It can all go to a single person (e.g., a surviving spouse) or it can be divided by percentage among many different people and entities (e.g., three children could each get 30% and 10% could go to a charity).
- The policy length: The time period that the insurer agrees to pay a death benefit. This can be a specific term (e.g., 10 or 20 years) or it can be permanent – a policy that lasts for the life of the insured for as long as premiums are paid.
- The premium: The monthly or yearly payments needed to keep the policy in effect.
- The cash value: Permanent life policies, like whole life insurance, have a cash value component that builds over time2 and can be cashed out or borrowed against.3 A term policy has no cash value.