Life Insurance

​Term life insurance has long been the financial product to which businesses, families and individuals have turned when they need large amounts of life insurance coverage at a minimal initial expense. Because it is “pure” insurance coverage –there is no buildup of cash value – term life insurance may be an ideal way to meet current, and often critical, insurance needs at affordable rates. This can be especially true for young families or new businesses just starting out. And with its built-in conversion feature, term life insurance is often used as a stepping – stone to a permanent plan. As its name implies, term life insurance provides coverage for a specified period of time – a “term” of years. Before purchasing this type of coverage, however, be sure that the term policy – and the company you select – can protect your options for both the short and long duration.

​Indexed universal life is a form of universal life insurance and is considered to be one of the most flexible types of life insurance. You can adjust the death benefit and the premiums you pay. This policy has the potential to build the most cash value of any life insurance policies that build cash value. You can build with this policy cash to suppliment your retirement or you may even be able to stop paying premiums because you have enough cash value.  Indexed Universal life polices can offer:

• Death Benefit
• Living Benefits like: Terminal, Chronic, Critical illnesses, and Critical injury
• Upside Potential with Downside Protection from market loss for cash build up
• Income for Life

Living Benefits (See Jessica’s Story Video)
Medical conditions, illnesses or injuries, although not always fatal, can have a devastating impact on your lifestyle, your independence and your ability to earn an income. They can even deplete your savings in no time at all. Accelerated Benefits Riders are optional, some of the companies that we represent offer these at no-additional cost riders that can allow you to access all or part of your death benefit, while living, if you experience a qualifying terminal, chronic, or critical illness, or critical injury. The use of the benefit is unrestricted with the exception that ABR proceeds for chronic illness in the state of Massachusetts can only be used to pay for expenses incurred for Qualified Long-Term Care services. Since the benefit is unrestricted, once you qualify, you can use the benefit for any expense. Expenses might include, but are not limited to: – Household expenses – Adult Day Care – Home modifi cations – Regular bills – Nursing home care – Quality of life expenditures.  Click here  to see a client that used this benefit from one of the companies we represent.

Also known as fixed universal life offers a flexible premium with an adjustable death benefit and credits a fixed interest rate to the cash value within the policy.