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| Group and Individual Health Insurance | Life Insurance and Estate Planning | Annuities |
| Retirement Planning and Employee Benefits | Long Term Care and Disability Insurance | Small Business Specialy Insurance |
Life Insurance
When purchasing an insurance or financial product, the client must be well informed. The sole presentation of quotes and numbers do not give the complete picture of the purchase. The role of our agents is to inform our clients of all the options available for them to choose a product that meets their needs, expectations and budget. We refuse to be an online volume seller. Our unique and personalized service has been the key to our success for the past 15 years.
Life insurance is a contract between the policy owner and the insurance company or insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual death or other event, such as terminal illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in a lump sum. Life insurance proceeds are paid to the designated beneficiaries upon the demise of the insured.
Life policies are legal contracts and the terms of the contract describe the exclusions and limitations of the insured life events. Specific exclusions are sometimes written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion. That is why the choice of a particular insurer or type of policy is of outmost importance.
Life Insurance contracts tend to fall into two major categories:
Term Life Insurance - designed to provide a benefit only in the event of death of the insured. In most cases, the premium paid does not change during the term period. After that period, these policies can be extremely expensive and often unaffordable in old age or when individuals are retired with a fixed income.
Permanent Life Insurance - where the main objective is to facilitate the growth of capital by regular or single premiums. In some case, the premium will not change during the life of the policy, in others the premiums can be fixed to a certain age. Furthermore, some policies will give you the opportunity to invest in securities or mutual funds. Common forms are whole life, universal life and variable life policies.
Life insurance is an important decision and we believe that it should not be purchased as an article of clothing online or over the phone. The meeting face to face with an ethical, professional and experienced life insurance agent is conductive to choosing the right policy. An agent with series 6 license is more likely to give you a broader choice of options that will better meet your needs.
The choice of a top rated insurance company is even more important. Top rated, mutually structured, Triple A, superior rated life insurance companies usually train and select their professionals better. They also give you a broader choice of policies coupled with financial strength and strict adherence to regulation.
Finally, every individual has different needs and objectives that need to be evaluated before a recommendation is made. In life insurance, definitely, one size does not fit all!
Estate Planning
Estate Planning: is the process of accumulating and disposing of an estate to maximize the goals of the estate owner. The various goals of estate planning include making sure the greatest amount of the estate passes to the estate owner's intended beneficiaries, often including paying the least amount of taxes and avoiding or minimizing probate court involvement. Additional goals typically include adequate distribution of assets and cash amongst heirs. Business owners with children face a great fair distribution of assets dilemma. Estate planning also should provide and designate guardians for minor children and planning for incapacity. The tools involved in estate planning include the will, various types of trusts, beneficiary designations, powers of appointment, various forms of property ownership (Joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety, etc), gifting, and powers of attorney, specifically the durable financial power of attorney and the durable medical power ofattorney. After widespread litigation, virtually all estate planning attorneys now advise their clients to also create a living will. The joint effort between lawyers, accountants, tax advisors and insurance professionals is necessary to properly design the adequate Estate Plan for a client.