Life
Insurance Coverage Options:
Your
loved ones depend on you. So, be sure to protect them!
The Ronn Hall Agency
can
help explain the life insurance policies.
To arrange for a free
proposal today.
Determining
my life insurance needs
Whether
you're
-
a
"Boomer"
-
an
"X-er" or
-
an
"Empty Nester,"
It's
never too early -- or too late -- to think about life
insurance.
on
your own for the first time,
Life
insurance can help provide monetary death benefits when
you die
to those you designate as beneficiaries -- say
your spouse, children or
siblings. But, life insurance
can serve for more than just "death
protection."
Types
of life insurance
Click here
for a Life Insurance quote.
Level
Term Insurance:
providing a constant death benefit amount of
insurance for a specified period of time.
Decreasing
Term Insurance:
the face amount decreases over the
term of
coverage. This may be used, for example, to cover
the
decreasing amount of a home mortgage.
Permanent
or Whole Life Insurance:
this is permanent life insurance
protection
provided through age 100. A permanent or whole life
policy
accumulates cash value.
Flexible
Premium or Universal Life Insurance:
designed as a
permanent life policy, this coverage
differs from traditional permanent
policies in that
it allows the policy owner to vary the amount and
timing
of premium payments (subject to satisfying
policy premium minimums to
keep the policy in
force), plus increase or decrease the death benefit
(subject to underwriting for an increase and policy
minimums for a
decrease).
Top
of Page
Cash
Value Accumulation
Some life insurance products combine death
protection and Savings.
These products can be
useful during your lifetime, not just after it.
They can help you achieve your financial goals through
death benefits
should you die, and through cash
value accumulation while you're alive
which can
help with college or retirement savings, and estate
taxes.
*Subject
to availability and qualifications. Other terms,
conditions and exclusions may
apply.
Life
insurance products also have limitations and exclusions
which may affect
continuation of coverage.
Your
Primary Objective
Understanding what's the right life insurance for you means
setting one primary
objective.
Do you simply want death
protection? Or, do you want both death
protection
and a savings
element?
Once established, then you need to determine how to
maximize your life insurance
protection for
each premium dollar
spent. Here's where Ronn Hall can help.
Life insurance can serve as an integral part of your
overall financial strategy so,
like your financial budget,
review your insurance needs yearly.
Remember, certain life
insurance
policies can be used for more than death
benefit
protection, they can help you achieve your
financial goals and
help add
security to the years you are living.
While it's difficult for each of us to face our own
mortality, planning for it will
ease the burden
our loved ones
will later face. Life insurance can be purchased
to help in this
difficult situation,
providing for death benefits or cash value
accumulations to help with:
-
unpaid
medical bills,
-
income
replacement for survivors,
-
final
expenses like burial costs,
-
unplanned
or emergency expenses,
-
your
mortgage balance, even
-
future education funds
Remember,
you can also use life insurance:
-
to
help you establish an estate plan,
-
as
a component to your savings strategy,
-
for
retirement income, or
-
even
to pay for estate taxes.
Other
Products that we offer:
Long Term Disability
Health Insurance
Click
here
for a Life Insurance quote.
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