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LIFE INSURANCE
Life insurance is a financial product designed to protect you and your loved ones financially. When you purchase a life insurance policy, you agree with an insurance company that agrees to pay a tax-free lump-sum benefit to your or your designated beneficiaries during the event.
Term Life Insurance
Term life insurance is a straightforward and affordable type of life insurance that provides financial protection for a set period, or “term,” such as 10, 20, or 30 years. Partnering with us gives you access to affordable monthly premiums, along with valuable death and living benefit options. It’s a complete solution for security – financial and medical and gives peace of mind at a budget-friendly rate.
Permanent life insurance is a type of life insurance policy that provides lifelong coverage. Permanent life insurance policies also include a cash value component that grows over time, allowing policyholders to build savings, access that money while they are alive and transfer tax-free to the beneficiaries. The policy comes with additional features, like accelerated death benefits, that allow policyholders to access a portion of the death benefit in cases of terminal illness or other specific circumstances.
Mortgage protection insurance (MPI) is a type of life insurance policy specifically designed to help pay off a mortgage if the policyholder passes away or, in some cases, becomes disabled or critically ill. Mortgage protection insurance is a targeted insurance product designed to protect your home investment, ensuring that your family can stay in the home without the financial strain of mortgage payments if you’re no longer there to provide support.
Final expense insurance, also known as burial or funeral insurance, is a type of life insurance designed specifically to cover end-of-life expenses. Its primary purpose is to relieve loved ones from the financial burden of funeral costs, medical bills, and other associated expenses when the policyholder passes away.
