Life & Health Insurance
Below
you will be able to request a quote and review definitions
for each of the life & health insurance coverages we offer.
If you
are looking for coverage you do not see below, please do not hesitate to contact
us and we will assist you.
Request
a Quote:
Definition
of Coverages:
Term
Life - This type of insurance is excellent for persons with short term
insurance needs such as paying off a mortgage or educational expenses for children.
The benefit of this policy is the low premium cost. Premiums may be guaranteed
for periods of one year, five years, ten years, or twenty years (depending on
the company selected). The policy does not have cash value, although some policies
have options to convert to permanent insurance contracts. The benefit to this
type policy is that it provides the greatest death benefit for the least cost.
Whole
Life - This type policy locks in premiums and guaranteed death benefits.
Cash values are guaranteed at a minimum level and may grow faster with additional
interest credited. The cash in these policies accumulate on a tax-deferred basis.
You have the option to borrow against cash values. These policies tend to be more
expensive but also offer the strongest guarantees.
Universal
Life - This type of policy provides level premiums with flexibility.
You may choose a level benefit at a level premium or premiums may be tailored
to fit individual needs. You may even have the option of skipping payments (this
will affect cash value projections) or changing the death benefit. You may also
borrow or withdraw funds from the cash value as needed. The benefit to this type
of coverage is flexibility.
Variable
Life - This policy provides a life insurance contract where the death
benefits and cash values vary based on the investment performance of the insurance
companies separate account. The policyholder selects from a list of investment
options as to how they want to invest their premiums (ex. mutual funds, growth
stocks, fixed income, etc.) This policy allows the policyholder to take advantage
of the growth in the economy and to have a say in where the funds are invested.
Under these policies the policyholder gets the benefit of strong markets and bears
the investment risks of down markets.
Health
(Individual & Group) - Whether you are looking for individual or
group health insurance we can assist in tailoring a program to meet your needs.
Group plans begin with three persons and go up from there. Benefits may be included
for prescription drug cards, dental, and life insurance riders.
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