Life Insurance Options

Life Insurance

Life insurance or Love Insurance 
              Provides Protection for Your Family and Peace of Mind for You!

Life does not come with any guarantees. That is why there is life insurance or as we like to call it "Love Insurance." Life insurance helps provide some financial security in the event of the unthinkable. With each payment you know you are contributing to protecting your family with a way to help cover medical bills, funeral costs, mortgage or rent, college tuition, and many other living expenses. That is a peace of mind for you knowing that regardless of what happens, you have provided for them.

Life insurance can be very affordable, even when you have a tight budget. We here at All in One Insurance Group, your local Independent Insurance Agency can make it easy for you to find the right solution for your specific needs and by understanding more about your life and your overall financial goals.

Term Life is Dependable, low-cost protection.

• Provides coverage for a given period.

• Often the most affordable life insurance option, especially when you are young.

• Payment amounts do not change for the guaranteed premium period. (10,20 or 30 years)

A term life insurance policy has some advantages and disadvantages.

Advantages        

• Term life insurance is ideal when specific, time-sensitive needs like mortgages and college tuition must be taken care of in the event of your death.

• Term insurance premiums are initially less expensive than permanent insurance premiums.

Disadvantages 

• Term life insurance policies do not accumulate cash value.

• The older you get, the higher your premiums will be.

Whole Life is Insurance that's meant to last your lifetime.

•  Provides coverage and premiums that are both guaranteed to stay the same.

• Accumulates cash value that you can access when it is available.

• Builds additional value, similar to dividends, with a feature called "excess credits."

Whole life insurance has advantages and disadvantages.

Advantages 

• Your policy builds cash value.

• Level premium policies make it easy for you to budget.

• As long as you pay your premiums, your cash value is guaranteed.

Disadvantages 

•  Unlike some other types of permanent insurance, with whole life insurance:

• You may not decrease your premium payments.

• Your premium frequency is not flexible.

• You cannot increase your death benefit.

Universal Life Provides a Lifetime of protection with flexible coverage options.

• Provides coverage that will last your lifetime.

• Allows you the flexibility to change your payments as you need to.

• Builds cash value that you can access when it is available.

Other things to know if considering a universal life insurance policy:

• As the cash value portion of the policy fluctuates, the death benefit available at the time of your death and the premiums required to prevent lapse of your policy may also vary.

• Because of this, you must closely manage your universal life policy to avoid surprises.

• After you pay your initial universal life premium, you can pay premiums any time, in almost any amount (subject to minimums and maximums). Failure to pay sufficient premium could cause a policy to lapse if there is not enough cash value in the policy to pay the cost of insurance and other policy charges.

• You can change the death benefit on a universal life policy more easily than with a traditional whole life policy.

Call us today or get an online life insurance quote.
All in One Insurance Group
(425) 337-2456 
(800) 742-1896