A properly placed insurance plan is one of the most important additions to your portfolio of life planning. It will save you and your loved ones financial future.

Because we all have different goals and needs, that are a critical  part of the process, a conversation is the best line of communication so we can develop the best strategy for you and your loved ones.

Just asking yourself some of the following

questions could not only save lives, but keep them from changing. 

I'm single, young, and healthy

with little or no responsibility.

Why would I need, or want,

Life Insurance?

At their most vulnerable and precious time, have you taken

the steps to protect their well being?

If you didn't come home tomorrow or became chronically or

critically ill, and your income stopped....would your family's financial stability change?

Planning for their future is as important as planning for your future. 

Do you stress over whether or not you will out live your money, thus changing any and all retirement plans?

   SMART CHOICES NOW

 

         will help you make 

 

TOUGH DECISIONS LATER

            DID YOU KNOW?

Most Life Insurance benefits are paid to your beneficiaries tax free.

Life insurance plans have benefits for Long Term Care needs, built into the plan.

Life Insurance plans can provide a valueble income stream to assit in your retirement plans.

Convertible (conversion):

A policy that may be changed to another form by contractual provision and without evidence of insurability. Most term policies are convertible into permanent insurance.

Lapsed Policy:

An Insurance policy which has been allowed to expire because of nonpayment of premiums. In a cash value life insurance policy such as Whole Life or Universal Life the policy could expire because the cash surrender value reached were insufficient to cover cost of insurance payments are being made to replenish it.

Medical Information Bureau (MIB):

A data service that stores coded information on the health histories of persons who have applied for insurance from subscribing companies in the past. Most Life insurers subscribe to this bureau to get more complete underwriting information.

Final Expenses:
Costs associated with one's death that must be settled prior to distribution of that person's estate. Final expenses may include funeral and burial costs, existing debts, taxes and other outstanding expenses.

Evidence of Insurability:
Proof that you are insurable. Such evidence is generally obtained through statements on your application regarding your health, avocations, employment and financial condition. In most cases, medical records are required, and sometimes a medical examination is needed.

 

Buy-Sell Agreement:
In business, a legally binding agreement, generally between several owners or an owner and a key employee, which provides that, if an owner dies, his or her business interest will be purchased by the designated survivor(s). Life insurance is often used to make sure that the money is available to purchase the business interest at the owner's death.

Cash Value
In a cash value (also called "permanent") life insurance policy, this is the value that can accumulate in the policy, usually on a tax-deferred basis. For variable products, the Cash Value includes the total value of the policy’s interest in the Separate Account plus any amount in any fixed account options. As the policyowner, you can access the available cash value, through loans and/or surrenders, depending on your policy’s terms, at any time and for any purpose. Some people borrow cash values for down payment on a home, to help pay college bills, or to provide supplemental income in retirement. Note that accessed cash values will reduce the death benefit of your policy or otherwise negatively impact overall policy values.

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