Term Life Insurance

In the event of death, term life provides financial protection and economic stability for your family or your business for a specified period of time.Term
life is recommended as the most economical insurance policy. Many term life insurance plans can be converted to permanent life insurance plans without evidence of insurability.

If you are looking for a temporary insurance plan or if your life insurance needs are long-term with a limited budget, then term life insurance is for you.  

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Whole Life Insurance

Whole life is known as permanent insurance because it stays in effect throughout your life time. Premiums are fixed
and higher than term life insurance.  The premiums for whole life insurance policies are designed to remain level
over time. Cash values can be used for a variety of options:

1.    The policy can be surrendered at anytime for cash surrender value.

2.    The policy owner can take out a loan and use the cash value as collateral.

3.    The policy can be changed to a reduced death benefit amount that  is paid up.

4.    The cash values may be used to pay premiums for a certain period of time.

5.    The cash surrender value can be used to supplement retirement income

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Universal Life Insurance

Universal Life is another type of permanent insurance. As long as premiums ar  paid, a death benefit is paid to the
beneficiary. These policies offer the policy owner some flexibility to change the premium payments and death benefit. The cash values tend to be interest-sensitive and can be used for several options:

1.    The policy can be surrendered at anytime for the cash surrender value.

2.    The policy owner can take out a loan and use the cash values as collateral.

3.    The policy can be changed to a reduced amount paid-up whole life policy

4.    The cash values may be used to pay premiums for a certain period of time.

5.    The cash surrender value can be used to supplement retirement income.

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Call 718-848-7610 for your free price quote!

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