Life Insurance is Critical to your Financial Plan
Innovation isn’t only for tech companies. The life insurance industry continues to create new products to insure lives and protect families. Some products use market indexes (stocks and bonds) to grow wealth.
Universal life insurance is permanent life insurance with an investment savings element and low premiums like term life insurance. Most universal life insurance policies contain a flexible premium option. However, some require a single premium (single lump-sum premium) or fixed premiums (scheduled fixed premiums).
Term life insurance, also known as pure life insurance, is life insurance that guarantees payment of a stated death benefit during a specified term. Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the policy to terminate.
An annuity is a financial product that pays out a fixed stream of payments to an individual, and these financial products are primarily used as an income stream for retirees. Annuities are created and sold by financial institutions, which accept and invest funds from individuals. Upon annuitization, the holding institution will issue a stream of payments at a later point in time.
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Life Insurance & Annuities
We offer a wide range of products to help protect your family and provide an income stream in retirement.