Life / Income Protection
Term Life
Term life provides life insurance protection for a specified period of time.
It is generally less expensive than permanent life insurance. Terms offered
vary from annual renewable terms to 10, 20, 30 year plans. Term insurance
can sometimes be converted to permanent coverage.
Whole Life
Life insurance that remains in force during the insured person's lifetime.
Whole life can build cash value.
Universal
Life
This is a form of permanent life insurance that is known for it's flexible premiums,
flexible face amounts, and unbundled pricing structure. Universal life can
build cash value, which typically offers a guaranteed interest rate that may adjust
with the market.
We have access to many companies for this product.
Income Protection
Commonly known as disability protection, Income Protection provides lost wages as
the result of an injury or accident off the job. This protection is based
on your occupation, age, health history, and monthly salary.
A waiting period applies before the benefit starts which is usually 30, 60, 90 days
and a benefit period is selected.
If affordable, the surrender value option should be purchased.
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