Term Life Insurance 

Term life insurance provides coverage for a certain time period. It’s often called “pure life insurance” because it’s designed only to protect your dependents in case you die prematurely. If you have a term policy and die within the term, your beneficiaries receive the payout. The policy has no other value.

Term policies have varying riders that may be included with the policy or added for an additional cost. Term policies may carry some “Living Benefits” too and not just “Death Benefits”. It is all in the design and what meets your goal. Some of the more popular might be things like Disability Income, Accidental Death, Critical Care or Illness, and some even enjoy Return of Premium riders.

You choose the term when you buy the policy. Common terms are 10, 20 or 30 years, but Term is available for as little as 1 year up to 40 years. With most policies, the payout, called the death benefit, and the cost, or premium, stay the same throughout the term. This does not mean the Term policy is over after the Term, but what usually happens is the price starts to increase pretty aggressively after the Term which could lead to policy lapse.      

Permanent Life Insurance 

Permanent life insurance provides lifelong coverage and includes an investment component known as the policy’s cash value. The cash value grows slowly, tax-deferred, meaning you won’t pay taxes on its gains while they’re accumulating. Some policies earn dividends which allows the cash value and death benefits to grow. 

You can borrow money against the account or surrender the policy for the cash. When borrowing money it is generally Tax-Free. The cash can be used, as you please, for a variety of different events in your life while you are still alive. These are known as LIVING benefits. But if you don’t repay policy loans, you may reduce your death benefit depending on the structure of the policy, and if you surrender the policy, you’ll no longer have coverage. Permanent life insurance is usually thought of as Whole Life insurance and Universal Life insurance. There are multiple variations of each type with different objectives.

Disability Insurance 

Disability insurance pays some or all of a worker's salary if that worker becomes disabled and is unable to work at his or her job. According to the Council for Disability Awareness, at least one out of every four workers will become disabled at some point during their working career. Disability benefits can come from a Short Term or Long Term Disability policy. Short Term policies usually pay benefits for around 2 years, while Long Term Disability can pay benefits until 65 or so. This disability can come from accidents or injuries on the job, as well as from other debilitating illnesses such as cancer or a heart attack and more. Disability insurance can reimburse disabled workers for some of the income they lose while recovering from illnesses and injuries. We can help you design a Disability policy that will fit your needs. It will pay benefits for period of time you decide.

Cancer Insurance 

Cancer insurance is a type of supplemental health insurance that is meant to manage the risks associated with the cancer disease and its numerous manifestations. Cancer insurance is a relatively new trend within the insurance industry at large. It is meant to mitigate the costs of cancer treatment and provide policyholders with a degree of financial support. Cancer insurance usually will give the insured a lump sum benefit at diagnosis of cancer to help ease the financial strain of treatment.

Critical Illness Insurance  

Critical illness insurance, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy. Early Critical illness insurance policies covered illnesses such as Stroke, Heart disease, Cancer, and Heart Bypass Surgery. Today’s policies have evolved and may cover those plus more like Organ failure, Alzheimer’s, Multiple Sclerosis etc.

The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation.

Long Term Care Insurance 

Long-term care (LTC) insurance is coverage that provides nursing-home care, home-health care, personal or adult day care for individuals with a chronic or disabling conditions that need supervision of some sort, whether formal or informal. LTC insurance offers more flexibility and options than many public assistance programs. LTC benefits are typically paid when diagnosed with a cognitive disorder like Alzheimer’s or Dementia, but most commonly it triggers benefits when the insured can’t do 2 of the following ADLs (Activities of Daily Living) . There are six basic ADLs: eating, bathing, getting dressed, toileting, transferring and continence. With life expectancy in the US increasing, more and more adults need LTC at alarming rates. Women are the largest consumers of long term care policies and are more than likely to have a need vs. their male counterparts because of life expectancy.

Retirement Products 

We offer fixed and indexed retirement solutions. They can be used for immediate income or utilized for long term, deferred saving vehicles.

Retirement Rollovers 

A tax-deferred rollover occurs when you withdraw cash or assets from one eligible retirement plan and contribute it to another eligible retirement plan within 60 days. When handled correctly, doing a rollover is the best way to move money between retirement accounts.

Annuities

Annuities generally fall into two categories: deferred and income. Each works differently and offers unique advantages. Annuities can be used to help you increase your savings, protect what you've saved, or generate a stream of income. 

College Saving Strategies 

College savings plans are a tax advantaged way of saving money that can be used for college. Start early. Set your college savings goals.

Employee Benefits  

We offer group life insurance, group disability (short term and long term), and long term care insurance.

Business Buy-Sell  

A buy–sell agreement is a legally binding agreement between the co-owners of a business. It is sometimes referred to as a buyout agreement. A buy-sell agreement governs the situation if a co-owner dies, is forced to leave the business, or simply chooses to leave the business.