LIFE INSURANCE

Life insurance provides a monetary benefit to a decedent’s family or other designated beneficiary, and may specifically provide for income to an insured person’s family, burial, funeral and other final expenses. If you are business owner, you need to plan ahead for a smooth business transfer of your interest in the business. You may want to pass the interest along to another family member, or you may want to have your investment transferred to your loved ones.

Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.  Annuities provide a stream of payments and are generally classified as insurance because they are issued by insurance companies and regulated as insurance and require the same kinds of actuarial and investment management expertise that life insurance requires. Annuities and pensions that pay a benefit for life are sometimes regarded as insurance against the possibility that a retiree retiree will outlive his or her financial resources. In that sense, they are the complement of life insurance and, from an underwriting perspective, are the mirror image of life insurance.

HEALTH INSURANCE

Health insurance is insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care need. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by individual consumers.  Contact us to help you find health insurance for your needs and budget.

We value every customer and deliver a high-quality insurance products with the best service. Get a quote today by simply calling us at 630-908-7200.