The principle reason to buy life insurance is to provide a death benefit to your beneficiaries. However, some policies can also serve your needs in estate planning, wealth transfer, estate tax liquidity, and growing your money in a tax-deferred manner. There are three basic kinds of life insurance to consider and we’ve provided an overview of each below. Each individual policy carries its own provisions and benefits and the experts at H.J. Spier can help you determine your best fit. Term Life Insurance- Level term insurance offers a longer term, usually for 10,15,20,or 30 years, in which the premium stays the same each year during the term. Level convertible term is a great way to...
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Individual Life If you have people who depend on you for financial support, it’s important to make an educated decision about life insurance options with help from Kemner Iott Benz. We provide individual life insurance policies as well as group life. Our knowledgeable team can provide one-on-one assessments to determine the most appropriate coverage for your stage in life and goals. We want you to have confidence that your loved ones will be provided for long after your death. As part of a nationwide network of independent agents, we have access to an array of policies and carriers, enabling us to research coverage options for specialized and high-risk individuals as well as more...
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More than half of employers offer life insurance as a standard benefit with the option to increase the death benefit amount, but is it the right decision to purchase more life insurance coverage through your employer or purchase an individual policy on your own? This guide will go over the difference between group and individual life insurance and its advantages and disadvantages. Is My Work Life Insurance Policy Enough? Employer (Group) Life Insurance Basic Term Life Insurance Policy: For some, the policy coverage is a flat amount (A flat $50K of coverage). For others, it is based on one’s salary (coverage = 1.5 x current salary). Advantages: Convenient– Sign up at work, premiums get...
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Individual Life Insurance in Douglas GA & Savannah GA Reassurance for you and your Loved Ones. Carter Thompson Insurance provides life insurance to individuals in Douglas, Savannah, Alma, Ocilla, Hazlehurst, Baxley, and surrounding areas. Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It...
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Individual Life Insurance in Aberdeen and all of South Dakota Reassurance for you and your Loved Ones. Insurance Plus provides life insurance to individuals in Aberdeen, Ipswich, Redfield, Groton, Britton, Leola, and surrounding areas. Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It can...
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Individual Life Insurance in Lawrence and Oskaloosa, KS Reassurance for you and your Loved Ones. Kansas Insurance provides life insurance to individuals in Lawrence, Oskaloosa, Perry, Topeka, Colby, Tonganoxie, and surrounding areas. Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It can...
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