Here we will list and describe the different life insurance policies we have available.
For
example:
* Term Life
An insurance plan that covers the insured for a certain amount and a certain period
of time, not for his or her entire life.
* Universal Life Insurance
A type of permanent Life Inssurance
where excess premium payments above the current cost of insurance are credited to the cash value of the policy. The cash value
is credited each month with Interest which is credited to the account and determined by the insurer, but has a contractual
minimum rate of between 2% and 4%
When an earnings rate is pegged to a financial index such as a stock, bond
or other interest rate index, the policy is a "Equity Indexed Universal Life" contract
* Whole Life
Insurance
A life insurance policy that remains in force for the insured's whole life and requires
(in most cases) premiums to be paid every year into the policy.
The policy may also be set up to be fully
paid up at a certain age, such as 65 or 80. Premiums can also be paid for a certain number of years, such as 20.
The
policy itself continues for the life of the insured.
There's also a form of Single Pay, where the
pay period is a single large payment up front.
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At Our Insurance Company we put your family first. Whether you are newlyweds, young parents, or have just
purchased a new home, your financial future is important.
We can help you prepare for that future with a wide
selection of different life insurance plans. Let us help take the confusion out of insurance and give you the peace of mind
you want.
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