Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured. It offers fixed premiums and a guaranteed death benefit, providing financial protection for loved ones. Additionally, whole life insurance policies accumulate cash value over time on a tax-deferred basis, which can be accessed through policy loans or withdrawals for various financial needs. This combination of lifelong coverage and cash value accumulation makes whole life insurance a valuable tool for long-term financial planning and protection. 

Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years. It offers protection for a set term and pays a death benefit to the beneficiaries if the insured passes away during the term of the policy. Term life insurance typically offers higher coverage amounts at lower premiums compared to permanent life insurance options. Premiums for term life are fixed for the duration of the term, making it easier to budget and plan for the future. However, once the term expires, the coverage ends, and there is no cash value component to the policy. Term life insurance is often used to provide financial protection during specific periods of life, such as while paying off a mortgage, raising children, or during the peak earning years.

Final expense insurance, also known as burial insurance or funeral insurance, is designed to cover the costs associated with a person's funeral, burial, or other final expenses. These expenses may include funeral services, cemetery fees, burial plots, caskets, and other related costs. Final expense insurance typically offers coverage amounts ranging from a few thousand dollars to tens of thousands of dollars, depending on the policyholder's needs. Premiums are usually affordable and remain fixed for the duration of the policy, providing predictability and ease of budgeting.

Indexed universal life insurance (IUL) combines the death benefit protection of traditional life insurance with the potential for cash value growth linked to the performance of a stock market index, such as the S&P 500. With indexed universal life insurance, policyholders have the flexibility to allocate their premium payments between a fixed-interest account and indexed accounts, offering the potential for greater growth opportunities. Indexed universal life policies provide downside protection, ensuring that the cash value does not decrease due to market downturns. Policyholders can access the cash value through policy loans or withdrawals, which can be used for various financial needs such as supplemental income during retirement, funding college education, or covering unexpected expenses.

Q: How much will a policy cost?

A: Each policy will be fit to your budgeting needs and capabilities, including social security and fixed-income individuals.

Q: Can I have multiple policies through different carriers?

A: Yes!

Q: Can I change my beneficiary?

A: Once your policy is in place you will be able to change your beneficiary.

Q: What will prevent me from qualifying?

A: Medical history, smoking habits, and medications all play a role in the amount of coverage possible and may vary which plans you qualify for. Schedule a meeting, or call (316) 305-9296 to see what policies are right for you.