Life insurance can be a complicated topic. Basically most insurance can be categorized broken in to two basic needs.
Term Insurance:
Firstly, if your need is temporary
such as a mortgage on a house,
property cottage or business,
then you need a relatively
inexpensive product called
term insurance. This
can be bought in five to twenty
year packages and can be renewed
automatically at an age appropriate
rate. This usually expires
at age 80 and does not carry
a cash value.
Permanent Insurance:
The second kind is for estate
preservation and or final expenses. This
is called permanent insurance
because someone you love is
eventually going to collect
on this policy. This
type of insurance is called
permanent insurance. As
the policy matures, there is
usually an investment portion
and a cash surrender value.
General:
There are many products associated
with both term and perm insurance. Call
or email us for a discussion
about the options so that we
can provide the insurance that
is specific to you and your
families’ needs.
It is always better to buy some
insurance while you are young
and healthy so that you can maintain
the policy when you get older. Permanent
insurance is not expensive when
you are young and most people
need it later in life. To
find out more about this, ask
someone who is no longer eligible
for insurance. Once you’ve
had a heart attack or have been
diagnosed with a disease, you
often are no longer eligible
for certain types of insurance. We
suggest that everyone over the
age of majority talk to an advisor
and purchase a small policy,
which is within budget to cover
against the potential of future
health, concerns.
In addition to life insurance, we have critical illness insurance, which can provide a lump sum payment to you should you, become ill and unable to work for a while later in life. We also offer disability insurance, health insurance, and long-term care. There are many ways to protect your family from future unforeseen events. We encourage you to sit down and discuss your needs with us
