Final Expense
Final expense insurance, also called burial or funeral insurance, is a small policy that helps pay for costs related to a person's death, like funeral and medical bills. It can be a permanent or term policy, usually covering expenses between $5,000 and $40,000. Depending on height of age, some policies may be a “rated” policy which have a 2-year waiting period for guaranteed benefits. If something were to happen during said period, your beneficiary would receive all premiums paid plus an extra 10%.
Life Insurance
Whether you are looking for a specific policy that is designed to effectively cover medical bills and other important financial obligations, or you are seeking something to leave behind as a legacy for your family members, life insurance is an essential financial tool that can help ensure that everything is taken care of appropriately in the end. It provides invaluable peace of mind knowing that your wishes will be honored and your family will be financially secure and supported during what can be an incredibly challenging and difficult time.
Mortgage Protection
Mortgage Protection is an exceptionally valuable tool that can help individuals address the difficult and often uncomfortable questions that many people face; “Who will step in to pay the mortgage if I’m no longer around?” “How will my family manage to afford our home if something unexpected were to happen to me?” Mortgage protection serves as a crucial assurance, ensuring that your home remains secure and that your family is well taken care of in the face of unforeseen circumstances. This financial safety net provides peace of mind during uncertain times, allowing you to focus on what truly matters.
IUL (Indexed Universal Life)
Indexed Universal Life (IUL) policies are a distinctive financial product that effectively combines the essential features of life insurance with cash value growth backed by market performance. These policies present a valuable opportunity to grow your cash value through indexed funds, such as the widely recognized S&P 500, while also providing you with tax-free income during your retirement years. This remarkable flexibility and growth potential make IULs an attractive option. Not only do they allow for significant diversification of your investment portfolio, but they also offer the added peace of mind that comes with having life insurance coverage in place for your loved ones.