Life Insurance
Solutions
It’s a subject no one really wants to think about. But if someone depends on you financially, it’s one you cannot avoid. In the event of a tragedy, life insurance proceeds can be used for a number of reasons.
Six Reasons for Life Insurance
Pay for Final Expenses
Pay-Off Debt
Provide for Children's Education
Survivor Income & Expenses
Continue the Family Business
Support a Charity
Types of Life Insurance
Term Life Insurance
When you rent you sign a lease for a certain amount of time which is then renewable at the end of that term. You continue to pay the lease amount each month but when you decide to end the lease, the term is over and you have to find a new place or make the decision to renew at a possible higher rate. Term life insurance is similar in that it provides you the greatest amount of benefit at an affordable rate but only for a certain amount of time. Term is a great solution for your working years. With Advisers Excel we are able to quote your policy with multiple carriers so that you always get the best rate. Watch this Video to learn more then contact us to review your solutions!
Final Expense
Sometimes in Life the unexpected happens and we can not pass the medical exams for a traditional life insurance policy -OR- wait too late in life. That’s Okay, we have a solution. You may still qualify for a Final Expense Guaranteed Issue Policy typically between $10k – $20k.
Transitional Life Insurance
This is a specialty product that provides a blend of the best of both worlds from a Term Life and Whole Life product. With a transitional life plan you can have the large face amount of death benefit during your working years and then it would automatically convert to a whole life policy during your retirement years. This is a unique product that our agency is proud to offer and is a great solution for many families! We use Pekin Insurance to underwrite this transitional life solution.
Whole Life Insurance
When you buy a home (permanent life insurance) you own the policy your whole life, or while you continue to make payments on it. However, it does not have a term limit on it and just as each time you pay your mortgage payment you build equity in the value of the home. The same goes with a permanent life insurance policy. Each time you make a premium payment a portion of the payment goes towards building a cash value in the policy. And just as in the equity of a home, you borrow against that through a Home Equity Line of Credit, the same goes for Whole life insurance, you can borrow against the cash value of the policy. Watch this Video to learn more then contact us to review your solutions! We use Illinois Mutual to underwrite for our Whole life and permanent life solutions
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Resource Links
Valuable Tools to Assist You with Life Insurance Planning
Human Life Value Tool
Life Insurance Calculator
Cost of Funerals
