Final Expense Insurance
Final expense insurance is a small whole life policy that can range from $2,000-$40,000 and is designed to cover the bills that your loved ones will face after your death. These costs may include medical bills, funeral expenses, and any other miscellaneous costs and bills.
Mortgage Protection Insurance
Mortgage protection insurance is a type of life insurance designed to pay off your mortgage if you were to pass away before the mortgage was paid-off. It could be level or decreasing term.
Term Life Insurance
Term life insurance provides coverage for a limited time period. For example, a 10-year term policy provides coverage for 10 years, a 30-year term provides coverage for 30 years, etc. It’s typically a lower premium than permanent because you are paying for pure death protection only and for a limited time number of years.
Permanent Life Insurance
Permanent life insurance provides coverage for a lifetime. You not only pay for the cost of the death benefit as you would in term coverage, but you also have a cash value component that grows and is accessible via withdrawals and loans.
Fixed annuities savings vehicles for those with a long-term horizon and is typically part of an overall retirement income plan.
Disclaimer: Insurance company guarantees are subject to the claims-paying ability of the insurer. The policies, contracts, and riders have exclusions, and limitations. For costs, and complete details of coverage, contact your insurance agent. Provided content is for informational purposes only and not intended as tax, legal, fiduciary, or investment advice.
Ready to take
The Next Step?
Our complimentary PERSONAL LTC ASSESSMENT is our 6-Step Process that begins with a conversation between you and Jim, discussing your family dynamics and concerns. From this conversation, Jim will do his homework, and then present to you, your very own LTC Plan of Action, that will include the most appropriate solutions for your particular needs.