2. Permanent Life Insurance
Level premiums: Premium payment can remain the same. In later years, premiums can be lower that term insurance.
To provide an accessible source of tax free
funds: Accumulates cash value that can be used for
retirement, college education, or emergencies.
Tax advantages: Properly funded and structured, can
provide a tax-free income stream and tax-deferred wealth
accumulation.
Types of permanent life insurance:
Universal: has flexible coverage and premiums.
- increase or decrease coverage
Whole Life: guaranteed to give coverage for the
insured's entire lifetime.
- can accumulate cash tax-deferred
- guaranteed death benefit
Many companies will allow conversion from
term to permanent insurance and vice versa
“Living Benefits” can keep your family financially strong in times of financial stress.
Factoid
33% of people surveyed say they don't have enough life insurance including 1/4 who already have a policy.
While 84% of Americans surveyed agree that they need life insurance, less than 60% of them actually have it, and 40% wish that they had more coverage.
86% say they haven't bought life insurance because it's too expensive, yet overestimate its true cost by more than 2x.
Factoid
Life insurance “you don’t have to die to use” can come to your rescue in case of critical, chronic, or terminal illness.
Can Cover: Cancer, Heart Attack, Stroke, ALS, End Stage Kidney Disease, Major Organ Transplant, Blindness, Major Burns, Loss of Limb, Paralysis, Severe Central Nervous System
33% say they don't have insurance, including one-fourth who already have a policy
Life turns on a dime. You have no idea when you’ll “need” insurance. That’s why it’s important to plan ahead.
Life Insurance
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Fax: 501-377-9880
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Call for a Quote
or
Apply for Life Life Insurance Online
Life insurance may be one of the most important purchases you’ll ever make
Phone: 501-259-5535
Using this link you can apply for:
- Term Insura
- Whole Life
- Final Expense.
70% of all households said they would have trouble covering everyday living expenses after several months if the primary wage earner died.
Almost half of U.S. households are underinsured, with the average coverage gap of $200,000.
You do not have to die for life insurance to work.
70% of the US population will suffer a critical, or chronic illness such as Heart Attack, Stroke or Cancer by the time they are 65. Most will live, but many will be financially crippled in the process.
Life Insurance can protect your family and business!
HEART ATTACK – 1,255,000 Americans suffer heart attacks every year. 17,600,000 Americans alive today have survived a heart attack! In the United States someone has a heart attack every 34 seconds
STROKE – Each Year 795,000 people suffer strokes every 40 seconds. Many end up with permanent disabilities.
CANCER – 3.5 million new cases a year. Average cost $146,000. Over 65% of expenses are indirect and not covered by traditional insurance. More than 13,500,000 people living today have survived cancer.Type your paragraph here.
50% of men and 33% of women in the United States will suffer from internal cancer during their lifetime
Life Insurance is Divided Into Two Broad Categories
1. Term
2. Permanent
1. Term Life Insurance
Initial Lower Cost: Premiums can be lower during the early years of coverage.
The Need for life insurance isn't permanent: lasts for a limited, pre-determined number of years. Commonly called "Time Insurance" because it provides for specific, short-term needs.
Convertible: Option to switch to permanent life insurance coverage without having to show evidence of good health.