We are insurance professionals with proven experience!
Life Insurance
is a firm step
for the future
of your loved ones!
Only 44%
of adults in the United States say they could cover an unexpected expense of $1,000 or more by tapping into their own savings.
35%
said they would have to resort to a loan for an emergency payment of $1,000 or more, possibly financing it with a credit card, taking out a personal loan, or turning to family or friends.
Source: Bankrate’s yearly emergency savings report 2023
A Life Insurance
is a POWERFUL tool
with many functions
For Individuals:
-
Financial Protection:
Life insurance provides a financial safety net for your loved ones in the event of your death, ensuring they can maintain their standard of living. -
Debt Repayment:
It can help cover outstanding debts such as mortgages, loans, or credit card balances, preventing financial strain on your family. -
Income Replacement: Life insurance replaces lost income, helping your family meet daily expenses, pay for education, and maintain their lifestyle.
-
Funeral Expenses: It covers funeral and burial costs, relieving your family of the financial burden during a difficult time.
-
Estate Planning: Life insurance can be used to facilitate the transfer of wealth to heirs or charities, providing liquidity to cover estate taxes and other expenses.
For Families:
-
Legacy Preservation:
It allows you to leave a financial legacy for your heirs, ensuring your family's financial stability for future generations. -
Education Funding:
Life insurance proceeds can fund children's education expenses, including tuition, books, and other educational costs. -
Business Continuity:
Life insurance can protect family-owned businesses by providing funds to buy out a deceased partner's share, settle debts, or cover operational expenses. -
Wealth Accumulation: Certain types of life insurance policies offer cash value accumulation, serving as a tax-advantaged savings vehicle for future needs or emergencies.
-
Peace of Mind: Having life insurance gives families the peace of mind that comes with knowing they're financially protected, allowing them to focus on other priorities without worrying about the future.
For Businesses:
-
Key Person Protection: Life insurance can protect a business against financial losses resulting from the death of a key employee or owner, providing funds for recruitment, training, or business continuity.
-
Business Succession Planning: It facilitates smooth ownership transitions by providing funds for the purchase of shares from a deceased owner's estate, ensuring business continuity.
-
Employee Benefits: Offering group life insurance as part of employee benefits packages can attract and retain top talent, enhancing employee satisfaction and loyalty.
-
Loan Collateral: Life insurance policies can serve as collateral for business loans, providing lenders with assurance and potentially lower interest rates.
-
Executive Compensation: Life insurance can be used to fund executive compensation plans, such as deferred compensation or supplemental retirement benefits, enhancing employee retention and motivation.
Subtítulo aquí
Para Título
This helps us verify your identity so you can
get your Real Rate, not just an estimate.
To Protect My Loved ones
To pay off my Mortgage
Preparing my Family's future
It' will be a peace of mind
I want to protect all who depend on me financially in my company
When would you like to be covered by life insurance?
A Term Life policy helps cover your financial obligations, like debt and children’s tuition, for a set period of time (term) at a fixed monthly price.
Si usted muere, sus loved ones recibirán a Lump-sum payout that can help cover for the follwing things:
Income replacement
Mortgage Coverage
Burial Costs
Más de 100 millones de Americanos no tienen un seguro de vida… pero todos sabemos que morimemos!
Sources and References: 1LIMRA 2023 Insurance Barometer Study
https://www.limra.com/barometer/
https://www.limra.com/barometer/
The Insurance Barometer is an annual study that tracks the perceptions, attitudes, and behaviors of adult consumers in the United States, with a particular focus on life insurance.\\\
Do it for your family and home
Protecting the home and family are often the key drivers behind a life insurance purchase. It supplies financial protection for surviving loved ones. This could mean making sure your client has enough coverage to cover household needs or to pay off their mortgage. If the deceased parent’s income was also the funding source for college saving, replacing this should be considered, as well. Even a parent who’s not the family breadwinner should consider life insurance. Replacing the care a stay-at-home parent provides can be expensive. Life insurance can be a source of these funds if the unexpected happens. Have your client consider if their loved ones are prepared to financially survive the death of a primary wage earner. 10% of people surveyed in the 2023 Insurance Barometer Study would feel the impact within one week. 44% reported it would be within six months.1
Your work coverage is probably not enough
Group life insurance that’s offered through an employer is a convenient way to get important coverage. For many, it’s the first step in protecting loved ones from the unexpected. However, employees can’t always select the level of coverage with a group policy. Coverage offered by an employer is, on average, either a flat sum of $20,000 or one year’s salary.1 Your client may think it sounds like a lot of money. Helping them figure out what life insurance proceeds need to cover helps them realize protection for a year’s worth of replaced income probably isn’t enough. If there is a coverage gap, then you may need to suggest supplementing their group insurance with an individual policy. A common rule of thumb is that life insurance should supply seven to 10 times the insured person’s annual salary. That’s just a starting point. Help your clients look at a variety of factors, including income, assets, liabilities and future plans, such as having more children or retiring. In general, consumers who have individual life insurance and workplace coverage tend to have more financial security. They usually have higher levels of coverage and are less vulnerable to losing coverage due to a change in employment status.
Texto
Título
I'm a paragraph. Click here to add your own text and edit me. It’s easy. Just click “Edit Text” or double click me to add your own content and make changes to the font. I’m a great place for you to tell a story and let your users know more about you.