Life Insurance

What is the purpose of life insurance?
Life insurance pays named beneficiaries a tax-free death benefit that provides financial security in the event of a financially catastrophic premature death of a spouse or key member of a business.

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Why do I need life insurance?
Are you married, have children, own a home, own a business, have mortgage or other debt, expecting college tuition, and eventually want to retire? What would happen in the event someone passes away before these obligations are met?

Life insurance will provide financial security by meeting current and future financial obligations in the event you should pass away before your family and financial obligations are met. Life insurance is meant to prevent lifestyle and financial regression.

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How much life insurance do I need?
A simple rule of thumb is 10x’s your annual income. For an accurate estimate use the insurance calculator to determine your Human Life Value (replacement of earnings over your lifetime).

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What type of life insurance is right for me?
Term life insurance provides guaranteed death benefit and guaranteed pricing for up to 30 years.

Whole Life/ Permanent Insurance/Variable Life/Universal Life develop a Cash Value in addition to a death benefit.

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What determines the cost of my life insurance?
Cost is determined by the amount of coverage, type of plan, your health and background information and cost structure of the company you buy your insurance from. Click here to go to the database and get some quotes.

Term life insurance is the purest form of life insurance coverage. Term is meant to enable larger benefits at a low cost over a specific period of time; 1,5,10,15,20,25,30 years.

Whole Life/Variable Life/Universal Life also known as Cash Value coverage requires significantly higher premiums to develop the savings feature of the plan. Permanent insurance is meant to have coverage in force indefinitely until death.

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