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Life insurance companies sell their products either directly or through agents like us. Before purchasing from a late night television ad, please do your homework and read your policy document thoroughly or have a licensed agent review it for you.
Most competitive insurance products are sold through agents like us. We are independent and independent agents are free to offer policies through multiple companies and can select products that best fit your needs.
Life insurance quite simply a form of insurance that pays a beneficiary in the event of someone?s death. At the time of purchase you buy a specific amount of coverage for either a specific length of time (Term Insurance) or to cover a life time (Permanent Insurance). Should you die during the life of the in force policy, your beneficiary will receive the proceeds as specified in the policy documents.
There are two basic types of life insurance. Term Insurance and Permanent Insurance also called Whole Life or Universal Life and a new type of insurance is emerging in the United States called "Critical Illness Insurance".
For a more detailed description of the various types of life insurance coverage click on one of the buttons to the left. In the meantime let me address the question we are asked most often. Which is better?
In our opinion, and this may not be the opinion of your agent, young families that have large financial obligations may fare far better with term insurance. When I'm investing for growth, I place my money in a Mutual Funds, Money Market accounts, stocks, or traditional savings vehicles. This type of discretionary income investment is likely to generate returns at least similar and in many cases much better than life insurance. The exception to this would be for people who have an estate that exceeds $500,000 and who wish to shelter their assets from estate taxes. Another example may be for younger families who may have just finished school and feel the need for both or who plan to hold the policy for 20, 30 or more years.
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