Taking care of the people who matter most to you.
If you have people who depend on you financially, you want to make sure they’re taken care of.
A life insurance policy can be a great way to help ensure long-term financial security for your children, spouse and other loved ones.
Especially important for parents of young children and others with people they support financially, a life insurance benefit payment can be used to cover mortgage payments, college tuition, final expenses and more.
Employee owned and customer inspired, we make caring for your loved ones our business.
That’s why we get to know you not just by name, but by nuance. By understanding your priorities, we can understand the best way to help ensure long-term financial security for your children, spouse and other loved ones.
Life insurance policies can be tailored to various needs and goals.
So we begin by listening to your needs and end with a customized solution. By proactively advocating in your best interest, we get you competitive prices today so you can have peace of mind for hundreds of tomorrows.
Because while life insurance is our something, our customers and their loved ones are our everything.
Perhaps the most common variety of life insurance purchased in the United States, term life insurance also tends to be the simplest and most cost effective.
These policies work by first establishing a policy period known as a “term.” In most cases, terms can be set for as little as one year and as long as 30 years. After deciding on a term length, you choose between a “level term” or “decreasing term.”
Level terms pay the same death benefit throughout the policy duration, while decreasing terms slowly decrease their death benefit amount each year.
While decreasing term options tend to carry lower premium costs than other forms of life insurance, they may fall short of fully covering the needs of a spouse or dependents.
Whole life insurance is a popular estate planning tool purchased to preserve wealth for future beneficiaries. Unlike term life options, which only pay death benefits within the policy term, whole life policies are designed to cover you throughout your lifetime.
While the real-world cost per $1,000 of death benefit tends to increase as you get older, the premium payment and total death benefit amount on traditional whole life policies typically stay the same year-over-year.
This is achieved by charging a higher premium than would typically be necessary during your early years, investing the difference and using returns to offset the increased coverage costs as you get older. If you want to discontinue your policy, the insurance carrier is typically required to make the cash value of these “overpayments” available upon surrender.
Also commonly known as “flexible premium adjustable life,” universal life coverage is a special type of permanent life policy designed to create more flexibility for you.
Universal life policies accomplish this by way of a cash value account that earns money at the market rate of interest. Once enough value has accrued in the account, you can apply your financial gains toward offsetting premium payments, effectively lowering your monthly cost.
Because you can draw from the policy’s cash value, a universal life plan can also serve as a mechanism for post-retirement income replacement.
Variable life is another specialized form of permanent life insurance. Like universal options, variable policies also establish a savings account intended to grow cash value through investment in mutual funds. While they employ the same basic strategy as universal options, variable life coverage tends to involve considerably more risk.
This is because market fluctuation can negatively affect cash and death benefit values. Fortunately, some variable life options cap potential losses by setting a minimum policy value as a trigger for divesting.