|
|
| |
| |
Providing simple solutions for a diversified world!
|
|
| |
Life Insurance |
 |
|
| |
Life insurance is protection against financial loss resulting from death. It is an insurance company's promise to pay your beneficiary a specific amount of money when you die in exchange for timely payment of premiums. |
|
| |
Why do I need life insurance? |
|
| |
Although you may not think about it, your ability to earn income is a significant asset and life insurance helps replace lost income in the event of your premature death. Here are some reasons people buy life insurance.
The death benefit may be used:
- To replace income the family would need to maintain their standard of living after the death of a wage earner.
- To pay off a mortgage loan and other personal and business debts or to create a rent fund.
- To create a fund for children's education.
- To pay final expenses, such as funeral costs and taxes.
- To create a family emergency fund or a fund for a family member with special needs.
|
|
| |
We offer a variety of life products such as… |
|
| |
-Term Life |
Top^ |
|
| |
Term life insurance provides death protection for a stated time period, or term.
Term life insurance is perhaps the simplest form of life insurance. It was developed to provide temporary life insurance protection on a limited budget. Since term insurance can be purchased in large amounts for a relatively small initial premium, it is well suited for short-range goals such as life insurance coverage to pay off a loan, or providing extra life insurance protection during the child-raising years.
We offer terms for 5, 10, 15,20,25,30,and 35 year periods. |
|
| |
Features of Term Life Insurance
- Initial affordability
- Adjustable premiums: Term life insurance policies have adjustable premiums. This means that you may raise or lower premiums at some point specified in the policy based on projected changes of investment earnings, mortality experience, persistency, and expenses. However, premiums may never be raised above the maximum premiums stated in the policy.
- Renewability: level term policies allow the policyholder to continue coverage past the original coverage period of the policy. Each time the policy is renewed the premium increases to the amount for the then attained age of the insured. This right is usually offered for a specific period, which varies depending on the type of policy.
- Conversion: term policies are convertible to permanent policies by company at any time while the policy is in force (subject to established policy minimums).
|
|
| |
-Whole Life |
Top^ |
|
| |
Whole life insurance is insurance for your whole life, as opposed to term life insurance, which is insurance for a specific term, such as twenty or thirty years. That is the primary benefit of whole life insurance: a payout is guaranteed. You will not have to worry about becoming uninsurable later in life, and unable to obtain life insurance of any kind.
This benefit of a guaranteed payout comes with a price: your premium may be several times higher than the premium for a level term life insurance policy of the same face amount. This is because a portion of your whole life insurance premium goes to fund a tax-deferred cash value account. And of course, you are buying the life insurance for a longer time period: your whole life.
If you decide to cancel your whole life policy, you are entitled to receive the cash value. Additionally, you may borrow against the cash value at a reasonable interest rate. When you die, funds will be deducted from the insurance proceeds to pay the amount of any loans and interest, if you have not paid them off. |
|
| |
-Indexed Life |
Top^ |
|
| |
Policy with a face value that varies according to a prescribed index of prices; otherwise benefits provided are similar to ordinary whole life. The death benefit is based on the particular index used, such as the Consumer Price Index (CPI). The policy owner has the choice of having the index applied either automatically or on an elective basis. With an automatic index increase, the premium remains level since it has already been loaded to reflect the automatic increase. If the policy allows for an optional index increase, an extra premium is charged when this option is exercised by the policy owner. Regardless of which index is selected-automatic or optional-the increased death benefit does not require another physical examination or other evidence of insurability. In a down economy Index life is a great tool to use . It gives the option to still be able to be in the market without the risk. Meanwhile still being able to all of the advantages of a life policy. |
|
| |
-Variable Life |
Top^ |
|
| |
A form of whole life insurance, variable life insurance provides permanent protection to the beneficiary upon the death of the insured . This type of insurance is generally the most expensive type of cash-value insurance because it allows you to allocate a portion of your premium dollars to a separate account comprised of various instruments and investment funds within the insurance company's portfolio such stocks, bonds, equity funds, money market funds and bond funds. In addition, because of investment risks, variable policies are considered securities contracts and are regulated under the federal securities laws; therefore, they must be sold with a prospectus.
The major advantage to variable policies is that they allow you to participate in various types of investment options while not being taxed on your earnings (until you surrender the policy). You can also apply the interest earned on these investments toward the premiums, potentially lowering the amount you pay. However, due to investment risks, when the invested funds perform poorly, less money is available to pay the premiums, meaning that you may have to pay more than you can afford to keep the policy in force. Poor fund performance also means that the cash and/or death benefit may decline, though never below a defined level. Also, you cannot withdraw from the cash value during your lifetime. |
|
| |
|
|
| |
All of these products can be set up as individuals, buy sell, split dollar, or even trust accounts. |
|
|
| |
We know times are uncertain, that is why we only deal with top rated companies with firm financial and Ratings of A and above. Here are a few... |
|
| |
|
Top^ |
|
| |
Contact Yantis & Associates today and one of our experienced agents can help you find the best Life Insurance to fit you. |
|
|
|
|
|
|
|
