Insurance Services
Helping You Prepare for Life (Vita) and Health (Sanas).
Life Insurance
Life is inherently risky. There is only one big risk you should avoid at all costs;
and that is the risk of doing nothing to prepare.
Service Name
Life insurance is a risk management contract between the policyholder (insured) and the insurance carrier (insurer). This contract acts as a financial vehicle that gives your beneficiaries financial security upon death.
Some of the key benefits of life insurance:
-
Tax advantages: Beneficiaries typically do not pay income taxes on the life insurance benefit they receive.
-
Guaranteed Life Insurance: As long as your premiums are paid on time.
-
Living Benefits: Access to your life insurance benefit if diagnosed with a terminal illness.
-
Concept Uses: Life insurance is like a financial Swiss army knife, where it can be used for various life goals.
Term Insurance
Term insurance covers a specific period measured in 5, 10, 15, or more years, but can be limited to 30 years. This type of insurance coverage is an excellent choice when you are young and have more liabilities and risks; like when you have a family.
Service Name
Service Name
Permanent Insurance
Permanent insurance also known as Whole Life Insurance, is a policy designed to give you coverage for your whole life. This is a great solution for final expenses, or leaving a legacy for your family that will last for generations to come. This is a great addition to your insurance portfolio for more living benefits.
More Concepts to Life Insurance
College Funding
A child's whole life policy accumulates cash value, which can be used in the future for college expenses. This is an excellent alternative to traditional 529 college savings plans and avoids having to report this cash value on the FAFSA application.
Mortgage Protection
Ever heard of Mortgage Insurance? It protects the lender. Ever heard of Homeonwers Insurane? It protects the home and its property. Ever heard of Mortgage Protection? It protects your family by paying off the mortgage after a premature death, ensuring your family will stay in the home you have built for them. The term policy will be designed based on your mortgage balance.
Preneed Funeral Planning
With a Whole Life policy, you will relieve your family from the emotional and financial burden of planning and paying for your funeral. Plan your own funeral arrangements and have peace of mind knowing your family will grieve your loss without financial worry.
Tax-diversification
This is a great strategy to lower your income tax liability in retirement because your cash value withdrawal is tax-free. With a properly funded whole-life policy, you can withdraw just the right amount based on your taxed income, in order to bring you down one tax bracket, avoiding more taxes you must pay.
Supplemental Income
With an overfunded whole life policy, you will accumulate cash value over time, and the cash value can be utilized in retirement as a supplement to your other streams of income.
Buffer Asset
Do you have an investment portfolio? How about a buffer asset to go along with it? A properly funded whole-life policy can help offset your annual withdrawals from your investment in market volatility or downturn. Utilizing income from your cash value temporarily will mitigate losses and allow your investment portfolio to recover before you start withdrawing from it again.
I work with the most reputable and financially strong insurance carriers in the industry. You can rest assured that your insurance portfolio is in good hands.
