These days, you may think of work perks as ping-pong and fancy snacks, but the real benefits of full-time employment are things like a predictable salary, paid time off, medical insurance, and even employer-sponsored life insurance. If you’ve got loved ones who depend on you financially, you’ve probably considered life insurance before, so getting it through your employer feels like a nice bonus (and it is!). The life insurance you’d typically get from an employer is a type of group life insurance policy — not to be confused with an individual life insurance policy. What’s the difference between these two types of insurance? Let’s get into it. What Is Group Life Insurance? You’re likely...
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Many individuals consider life insurance as part of their financial planning. Life insurance can be purchased to help with the financial burden your loved ones may face in the event of your passing. There are several types of individual life insurance to consider: Term Life, Whole Life, Universal Life and Variable Life Insurance. Term Life – this is typically the most inexpensive and simplest option. Term Life Insurance provides coverage at a fixed premium over a specified period of time. Most Term Life policies can be converted to a permanent option. Whole Life – this is the most common type of permanent insurance. This policy guarantees the death...
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Life Insurance is one of the most important investments you can make. It’s an investment in yourself and the future of your loved ones, and it’s a way to secure your financial responsibilities to your family. Your Life Insurance policy can be used to pay off debts and estate taxes, provide money for continuing mortgage payments, and keep your business up and running upon your passing. But most important, it can be used to ensure that your family’s dreams for the future become realities. Protect what matters most in your life with a policy from Golden Rule Insurance Agency. Golden Rule Insurance Agency provides quality Life Insurance solutions for clients near Osage Beach, Lake Ozark, Eldon...
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Protecting the financial future of your near and dear ones when you are not around or there is a sudden income loss can be ensured with a life insurance plan. But life insurance can seem to be confusing with the variety of policy categories, which are offered by different insurance providers. You may have to select between an individual policy, term insurance, money back plan, group life insurance, and many more. One common decision that you might find difficult to make is deciding between an individual insurance plan or a group plan. Before deciding between group life and individual life insurance plans, it is important to understand both these kinds of policies and they will be...
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Individual Life Insurance For most people, their lifetime earnings potential is their greatest financial asset. Without this income, their lifestyle and standard of living could be at risk. The major role of life insurance is to replace income lost because of death and to provide capital to settle an estate. Other uses of life insurance include: Leaving a bequest to a charity Funding a child's education Supplementary retirement income There are two main types of life insurance: Term insurance is a temporary form of insurance. It is used for one of two purposes: To cover a temporary need To cover a permanent need temporarily Term policies often include a renewal and conversion feature. The...
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Please enable JavaScript to use this page Life insurance is truly a family matter. Unlike medical insurance or dental insurance, both of which take care of your personal health, life insurance helps cover your family and those closest to you in the event of your death. It allows you to provide financial confidence so your loved ones remain financially taken care of, even if you’re not around to provide that care. Purchasing individual life insurance can help make sure your entire family is covered. If you’re married or have children, individual life insurance might be a good idea for you, especially if you provide the main source of income. If you’re looking for life insurance and you aren...
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Individual Life Even if you already have life insurance through your employer, you may be underinsured. If you’d like the security of knowing that you have enough life insurance coverage in place, we can work with you to ensure that there aren’t any gaps in your current coverage. If others depend on you for financial support, part of your financial plan should include how you will provide for them in the event of your death. Purchasing a life insurance policy is a safety net that ensures your loved ones’ future financial obligations are met, covering items such as funeral costs, outstanding debt, estate taxes and everyday living expenses. If you are married, it’s important for both spouses...
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