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- Life Insurance- provides benefits to your loved ones upon the death of the insured.
- Term Life- provides a death benefit for a limited period of time. No cash value is generated, thus this is the least costly form of life insurance at a young age. The cost climbs as the individual gets older.
- Whole Life- this policy may remain in force for the entire life time. The premium may not change. Also, the policy will generate cash values that can be withdrawn or borrowed against, tax free.
- Universal Life- similar to a whole life policy, with more options. You may decide to vary or discontinue premium payments for a while; vary the benefit amount; make the cash value part of the death benefit, or not, etc. The cash values tend to climb faster than whole life policies.
- Irrevocable Funeral Trusts (Details) - A whole life policy that saves your loved ones the economic worries associated with your final expenses.
- Tax Deferred Annuities-an annuity will provide income for a period of time. The investment used to purchase an annuity will generate investment income tax deferred. Taxes are paid as the annuity is paid out, generally when the owner is in a lower tax bracket.
- Major Medical - Health Insurance- provides coverage for hospital and doctor's visits in the event of injury or illness.
- Medicare Supplements- Medicare does not pay 100% of the medical bills incurred by their insureds. Supplemental policies pick up the difference, up to, or close to 100%.
- Long Term Care - Nursing Home Policy (Details) - Today, people are living longer than ever before. Unfortunately, along with those extra years, often comes extra living and medical expenses. This is insurance to protect you from the potentially devastating costs associated with today's ever increasing longer life expectancy.
- Section 125 Flexible Benefit Plans (Details) -This is a cafeteria plan purchased by employers. It benefits employees by providing health insurance benefits, while reducing their taxes. The employers contribution amount is also tax deductible by the employer.
- Accident & Disability - Group and Individual- accident & disability insurance will provide income to the family while the insured is unable to perform their occupation, or any occupation due to injury or illness. Policies vary greatly.
- Cancer Insurance (Details) - provides benefits in the event an insured developes cancer.
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