Many people start thinking about life insurance when they marry or have children, but there are other times when the decision to buy or even change insurance is appropriate. Generally, you need life insurance if other people are dependent on you and would suffer financially if you die. But there are many reasons to own a policy...such as purchasing a home, or saving for college or retirement.
Term life insurance provides benefits only at your death. It is used for income replacement, mortgage payoff, loan requirements, college funding, short-and long-term business obligations, key-person business coverage and family needs.
Permanent life insurance helps you save for long-term financial goals, since you build cash value that grows over the years. It also provides basic death benefits. There are three types of permanent life insurance: whole life, universal life, and variable universal life insurance for long-term obligations and retirement supplement accumulations. Survivorship Life Insurance programs (second death benefit payment) are available with customized premium and death benefits to meet specific estate planning and business continuation planning requirements.
Our life insurance experts can help you select the insurance that's best for your individual needs. We represent numerous insurance companies rated A or higher by A.M. Best, offering our customers a wide range of products and underwriting capabilities, from simple term insurance to the most complex estate planning, business continuation plan or executive deferred compensation program. Our many years of combined underwriting experience and long-term relationships with the underwriters themselves help us place the higher-risk health classification at a competitive premium.
