Would your family be able to stay in their home if something were to happen to you?
Would your absence create a huge financial burden on your spouse?
Would your children still be able to go to college?
As spouses, parents, and families with dependents, these are questions we must ask ourselves. We offer various insurance products protect your income, savings and your family’s way of life. Better Insurance Management can offer you very affordable term life insurance that is designed to best fit your financial picture. Don’t forget to ask about Return of Premium.
Can provide low-cost coverage for a specific period of time (the "term") --most likely during an individual's peak earning years when death can cause the greatest financial hardship. Term is also a good option for covering needs that aren't permanent. For instance, you may decide that you only need coverage until your children graduate college or a particular debt is paid off, such as a mortgage, or a business responsibility is fulfilled. Generally the most affordable type of life insurance when initially purchased, term insurance generally pays a benefit only if you die during the select period of coverage.
Indexed Universal Life
Indexed universal life insurance (IUL) is permanent life insurance that offers death benefit protection when loss of life occurs. Like other forms of permanent life insurance, your premium payments may earn interest and grow the cash values of your policy.
What differentiates IUL from other permanent life insurance is the way interest is credited to the policy. In addition to the company offering its own declared interest rate, IUL also offers an interest option linked to the movement of a selected stock market index over a specific period of time.
The manner in which interest is credited to your IUL policy gives you the potential for strong cash value accumulation. A key benefit to remember is that it offers protection in a poorly performing market. With IUL, you don't participate directly in the stock market and the credited interest rate is never less than zero percent, guaranteed!
Whole life insurance is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. As a life insurance policy it represents a contract between the insured and insurer that as long as the contract terms are met, the insurer will pay the death benefit of the policy to the policy's beneficiaries when the insured dies.
Because whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher than those of term life insurance where the premium is fixed only for a limited term. Whole life premiums are fixed, based on the age of issue, and usually do not increase with age. The insured party normally pays premiums until death, except for limited pay policies which may be paid-up in 10 years, 20 years, or at age 65.