Buy Life Insurance Online: Long-Term Care and Index Universal Policies
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Understanding the Importance of Life Insurance with Us!
Protecting your family’s future is a responsibility we’re willing to take. Every family has their own needs and their life insurance should reflect it. This is because we work closely with you to understand your financial situation, the goals you have in mind, and your family’s backdrop.
While it’s true that life insurance acts as a safety net for your family if an untimely death is announced, it also has several other roles. It’s an instrument that ensures financial stability, a tool for accurate estate planning, and a kit that ensures your family is uninfluenced even during your absence.
In a place where healthcare can be costly, life insurance serves as a lifeline. Buy life insurance online, and live a sound life!
Proffitt & Associates is here to help you steer through these choices, providing tailored advice unique to your needs and circumstances. Do you want a secure future? Don’t forget to give us a call!
Get Different Types of Life Insurance with us!
Choosing the right insurance often seems overwhelming among the many options available! We’re here to simplify the process, helping you differentiate between life insurance and giving you a broader view of which one works for you! Are you choosing the right life insurance?
Understanding Term Life Insurance
As the name suggests, Term-Life insurance offers coverage for a particular period of time or “term”. Considering that the policyholder untimely passes away during this time, then the death benefit is paid to the beneficiaries!
Whole-Life Insurance
Are you thinking about lifelong coverage and a cash value component that grows over time? You’re at the right place because it is Whole-Life Insurance that gives you the benefit! This policy posts a death benefit to your beneficiaries. And hold on, it also serves as a cash source if need be! While premiums are typically a little higher than term Life, they’re still at a fixed level and won’t increase in number as you age.
Index Universal Life Insurance
If you didn’t know, Index Universal Life insurance policy has a cash value component too. It offers better versatility than whole life and allows you to adjust the premium and death benefit as your needs change. It is time that you Buy life insurance policy and safeguard those you care about.
Variable Life Insurance
This is the type of insurance that enables you to invest the policy’s cash value in different forms of investment options. It is a bit risky but offers higher cash value growth. Now that you know it, it would be easier for you to understand if you want a Variable Life Insurance!
Final Expense Insurance
Also usually called Burial or Funeral Insurance, this is the insurance that helps cover end-of-life expenses. It is usually easier to qualify for and makes a reasonable option for older individuals!
Long-term Care Insurance
As you age, long-term care becomes imperative. Covering the costs that come with prolonged care due to ageing, disability or a chronic illness, Long-term Care Insurance is the one you get usually for the elderly members. Unlike the ones designed as per the traditional health insurance plan, this is designed to cover long-term services including custodial or personal care.
Knowing the nook and cranny of the different types of life insurance can help you make the right decision for a secure financial future. With us, you get immeasurable benefits. From IRS representation services to a life insurance solution – you name it, we offer it.
Get the MANY Benefits of Buying Life Insurance Online!
Your life insurance is a cornerstone of robust financial planning. It is a layer of security that extends beyond your own lifetime. While many understand the importance of life insurance now, several of them remain unaware of how far and beyond the benefits of it can go.
1. Added Financial Security
Life Insurance gives you a layer of financial security for your family in case some unforeseen event happens. In fact, the untimely demise of a family member can wreak havoc on the entire family.
And on top of that, they might have multiple financial statements to cover, such as a mortgage, living costs, college tuition and more.
With life insurance, the burden of paying the hefty amount diminishes down, allowing the family to maintain their lifestyle without financial distress!
2. Debt Repayment
Life insurance can help pay off debts, ensuring that your loved ones aren’t pressurized with financial obligations. Debt can come in any form, including credit card debt, outstanding car loan or mortgage!
3. Income Replacement
If you are the sole breadwinner of the family, your loss could drastically pull your family’s financial stability down! Life insurance comes to the rescue at times as difficult as these. It helps you replace this lost income, offering ongoing support.
4. Tax-Free Benefit
Your beneficiaries can avail of all the amount you leave them. This is because the benefit of a life insurance policy is passed along to Federal income tax-free.
5. Dividend Potential
You can also receive dividends! Although not guaranteed, when dividends are awarded, you can avail them in cash and also benefit from it by offsetting your premiums.
Buy a life insurance policy today and secure the life of those you fear losing!
Because Life Insurance was never meant to be complex. Get easy Insurance solutions with Proffit & Associates!
Choosing the Right Life Insurance Policy
The need to buy Life insurance online is different for you and the person standing opposite you. Why? It is because their perspective, situation and livelihood are different from yours. So, how exactly can you choose the right life insurance policy?
- Go through and understand your Life Insurance goals
- Have a clear estimate of the optimal Insurance coverage you’re going to need
- Determine on the basis of the amount you need to pay as the premium and then find the policy
- Get hold of the correct policy team
- Do not ever hide facts from your life insurance provider
- Read the documents carefully
- Finally, choose a comprehensive plan designed for YOU
From the best tax consulting services to getting you an insurance plan that fits with your needs, we are here to guide you to safety.
But are you having trouble choosing the right policy? Call us and let’s have a discussion about what fits YOU and YOUR family!
Get UNLIMITED Benefits of Buying Life Insurance Policy Early!
Getting your own life insurance policy is the first step you take towards a secure future. And honestly, starting early means you can avail the best investment in life!
Relatively Minimum Premiums: The younger you are, the less risky you are to insure. This is why you get lower premiums when you buy life insurance early.
Better and Enhanced Options: The younger, the better. When you are young, you get a variety of life insurance options available to you.
Cash Value Component: Considering that you choose permanent Life Insurance, such as universal life or whole life, then your policy is going to gather cash value over the course of time. The earlier you’re going to start, the longer your policy will get time to grow and volume up.
Protecting Your Family: It doesn’t matter how young you are. Starting a life insurance policy as early as possible is important for long-term financial planning. So, even if you’re young, ask yourself, “Does my family depend upon me?”. If yes, get life insurance as soon as possible.
We’re not just your insurance provider, we’re your all-in-one tax advisory services that have answers to all your life insurance questions!
Make an Informed Decision by Comparing Quotes and Coverage Options
Choosing a life insurance policy is a decision you will need to take meticulously. And to ensure you’ve got the right type in hand, comparing quotes and coverage options just makes the process more essential!
Determine Your Coverage Needs
It is important that you start by determining the coverage you are going to need! There are options to consider, including his financial obligations, like mortgage, education expenses, debt and more. Also, keep in mind that there are funeral costs and estate taxes as well.
Get a definite Quote
Once you know the coverage you need, it’s time you compare quotes. Keep in mind that the policy cost isn’t the only factor here. It is also the financial stability you are looking for, as well as the claim settlement ratio.
Understand the Policy Details
Every policy comes with its own terms and conditions. And it is important that you read it line-by-line, and understand what’s covered and what’s not. Hunt down exclusions, or limitations.
Get Professional Advice
Understanding life insurance isn’t always easy. And that’s exactly why you need the right guidance, choosing the one from a sea of other options. Life insurance is important and there’s no way anybody will deny it. But as much as it is vital for you, have you considered your parents? To have the best life ahead, buy life insurance for parents.
Frequently Asked Questions
It depends on a number of factors, including your income, debts, future expenses, and the number of dependents you have. A very usual recommendation is having coverage that’s 7-10 times your annual income. Keep in mind that it is never too late to get the security you deserve. Buying life insurance online can open gates to a safer tomorrow!
Term life insurance covers you for a particular period, or term, and pays out only in case you pass away during that term. On the other side, whole life insurance covers your entire life, building a cash value over the course of time.
Yes, policies like “no-exam” life insurance can be found online. However, it is important to note that these often have higher premiums and lower coverage limits due to the increased risk for the insurer.
Yes, there are ways you can update your life insurance policy. But, just so you know, significant changes might require a new policy or could affect your premiums.
You start by filling out an application form detailing your personal, health, and lifestyle information. Depending on the insurer and policy, you might be required for a medical examination. Once the insurer comes down to assess your information, you’ll be offered a policy with set premiums.
A number of factors affect premiums, such as your age, health, lifestyle, occupation, gender, the policy’s term length and coverage amount.
Yes, you can purchase life insurance for your parents, if of course, they show consent to it. But, the premiums can be a little over the top due to their age and potential health issues.
In case you have missed a payment, you can get a grace period of almost 30 days. If not cleared within this period, the policy may lapse, leaving you without coverage.
The death benefit received by beneficiaries is not subject to income tax. But, if the policy has gathered a significant cash value, any withdrawal amounts above the paid premiums may be taxable.
Yes, you can have multiple life insurance policies. It is usually also called “laddering”, allowing you to have varying coverage amounts during different periods of your life.
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