Life insurance is financial protection against the unexpected.
Selecting the right life insurance plan for your situation is based on a variety of factors, including your age, income, spouse’s income, goals & more. With so many different needs,and even more options, finding the right one for your personalized situation is key. With our certified professionals we will take the time to understand your situations and make sure your goals are met.
Here is an overview of types of available coverage:
(Final Expense Insurance) This is designed to take care of the expenses caused from a loved ones death. This could be things like funeral and burial costs, left over hospital bills, credit card bills, or could even replace the lost income from social security.
(Term Life Insurance) Covers the insured for a specific set term of time, typically 10,20, or 30 years. There are many uses for this including protecting the cost of a mortgage, replacing a lost income, or making sure your kids have money to pay for the cost of education.
(Whole Life Insurance)These plans cover the insured for their whole life, premiums and death benefit remain the same. Whole Life Insurance plans usually accumulate some type of cash value and can also have living benefits as well.
(Universal Life Insurance)These plans are flexible, and allow for altering the death benefit, length of the contract, and premiums. Universal Life has many great features and have many added benefits including tax free cash value growth, preferred loans, riders including Long Term Care and Critical Illness with certain carriers, and can be custom designed for your situation.
If you are considering purchasing a life insurance policy, we would love to help you select the right life insurance product for your needs. At the Medicare Exchange USA we represent more than 140 carries including many A + rated companies like North American, Mutual of Omaha, Transamerica, and more.