1
Term Life Insurance with Living Benefits
A term life policy offers face amounts beginning at $100,000 and can cover you anywhere from 10-30 years depending on your age. Rates are typically lower the sooner you get covered and they are locked in and will not increase for the full length of the term. Living Benefits are included should you suffer a qualifying illness and access to tax free cash you dont have to pay back. This can provide a lump sum of cash if you have a long term care need or suffer from illnesses such as cancer, heart attack, stroke.
2
Final Expense
If you dont need a large amount of life insurance but want to make sure that your final expenses such as your funeral or cremation services or existing debt does not burden your family, a final expense plan may be just what you need. The policies offer lower face amounts and they will cover you the rest of your life so are guaranteed to pay out.They range from $10,000-$50,000 in coverage.
3
Preneed Planning
No matter how it happens, the passing of a loved one is never easy. Pre-need planning allows you to fund your final expenses and make sure that your final wishes are carried out exactly how you want them. This alleviates the burden on your loved ones who will be overcome with grief. Not only can you plan how you want things to go at time of need but you can also finance it, and should you pass before the policy is fully paid up, it acts as insurance and will pay out 100% with no further premiums.
4
Repatriation Plan
We live in a very global world and people are traveling more and more which increases the likelihood that you could pass away while you are away from home. A repatriation plan would pay to fly you home so that your family does not have to come up with thousands of dollars. These plans are a one time fee of $525 and would bring you home if you die more than 75 miles from home.
5
Indexed Universal Life Insurance
These policies are permanent insurance and grow cash value which can grow interest without any risk. They provide living benefits should you suffer a qualifying illness while you are alive. You can use these policies to save for a tax free retirement, a home, an alternative to a college savings plan, or simply leave a legacy for your children and grandchildren. Anything You want!
