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    FAQ's

    To set an appointment use the Schedule an Appointment button or Contact us.

    Most of our appointments are scheduled via zoom or by phone for the security and safety of our clients and agents for privacy and to guard against Covid. We can schedule a personal meeting if necessary.

    Yes, for fraud and security purposes you will need to provide ID at your scheduled appointment if you are providing sensitive information and your agent as well.

    The agent will have provided the information necessary for you to verify licensure prior to your appointment.

    Most of our companies will send you a copy by email and then a hard copy by mail within 48 hours of the date your policy was issued.

    Those that buy want to do so in case of death, disability, or critical illness. Secondly, to cover final expenses, pay off debt or leave a legacy. Thirdly, to protect their retirement income or provide an income stream. Those who benefit from buying include head of household, parents of a minor or special needs child, stay-at-home parents, divorced parents, homeowners with a mortgage, co-signer on a debt, wealthy individuals, business owners and those who want to leave a legacy or inheritance.

    First consider why you are buying life insurance is the financial strength of a company, what policies, riders and how much coverage you want. Next decide what company will best help you meet those goals and which companies offer those products. Do your research. Educate to empower yourself as much as possible. We can help you narrow those options since we represent 14 carriers. We are sure to find the right policy and coverage. Contact us or Schedule an Appointment for a free consultation.

    Financial Strength: Consider the company's financial rating. A number of rating agencies, such as AM Best, provide a credit rating score which indicates whether the company is likely to default on its debts. Policies: Not all companies offer all types of insurance.

    Coverage: Think about how much coverage you will need. As a rule, it is suggested that you buy 10 x your annual income. For example, if you make 50,000 a year, then you should buy a $500,000 life insurance plan. The amount of coverage is going to be based on a number of things such as age, medical history, marital status and dependents. Perhaps even, you have a spouse that works at home, or you may want to have a plan for college. to consider are debts, such as a mortgage, retirement or leaving a legacy for your family.

    Riders: Life insurance riders are typically add-ons that help you customize a standard policy to better meet your goals. There are so many more to choose from. Listed below are some common ones. We have policies where riders come with the policy at no additional.

    • Accelerated death benefit is a common rider that allows you to access the money in your death benefit before you die, typically in the case of a terminal illness, critical illness, or injury.
    • Term conversion rider — This lets you convert your term type policy to a permanent type of life insurance.
    • Accidental death and dismemberment — Pays a set amount of money for accidental death in addition to the regular death benefit.
    • Waiver of premium rider — If you become disabled this rider lets you waive the premiums for your policy.
    According to LIMBRA 83% of consumers state burial costs as a reason for purchasing life insurance. A 2021 National Funeral Direct Association (NFD) study indicates the average cost of a funeral, including a viewing and burial is $7,848. Adding a burial vault raises the cost to $9500. The U.S. Bureau of Labor and Statistics data show a 227.1% increase between 1987 and 2017.
    The beneficiary is who or what you select to receive the money from your life insurance money. This could be a person or an organization.

    The policyholder is the person who purchases the life insurance policy. This may be the same person who is being insured, the beneficiary, or someone else like a spouse.

    The death benefit is the money paid to the beneficiary after the person insured has passed away. The death benefit is usually paid only when the policy is paid up. It passes directly to the beneficiary, usually not subject to creditors or probate. It is generally tax free if passed in one lump sum.

    The cash value is the portion of your premium that is set aside in a separate account in your permanent life insurance policy. The cash value can earn interest or be invested. You can borrow from it, pay your premiums at some stage, or use it as an income stream.
    Some whole life policies pay dividends which are usually stock owned companies or mutual companies. This will depend on your policy, and you should check with your insurance company or agent to see if your current policy or the policy you are considering pays dividends.
    Life insurance companies must adhere to state laws on how long a beneficiary has to claim insurance benefits.
    Some companies will pay the death benefit for death by suicide. There are sometimes clauses or waiting periods within a life insurance policy, which generally expire two to three years after the policy was purchased. If you or anyone you know is contemplating suicide, call the National Suicide Prevention Lifeline at 800-273-8255. They are available 24 hours of the day and operate 150 crisis centers that offer encouragement and local resources.

    There are companies that offer cancer insurance but the terms will depend on both the insurance company, the type of cancer, treatment and whether or not you are in recovery.

    Didn't find the answer? Contact us or Schedule an Appointment for a free consultation.

    Business Solutions
    Business Solutions
    Business Solutions
    Business Solutions
    Business Solutions
    Small Business is the heart throb of our American business culture. According to the US Chamber of Commerce, 4.3 million small businesses started across the US in 2020. The economy and unforeseen variables still continue to present challenges to the survival of the small business model. Fortunately, we can help educate and empower through our professionally trained agents, underwriting, sales, advance market and support teams. We can provide a customized complimentary valuation and analysis to determine the value and needs of your business for you, your key persons, and employees. Take a look at the services we provide. Schedule an Appointment button or Contact us for a free consultation for more information to see how our Business Solutions Team can be of assistance.
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    Services we provide for Small Businesses

    • Business planning - Strategies that can help business owners manage risks, protect and grow assets and compensate and retain their key employees.
    • Business succession analysis and valuations - Strategies that can help business owners manage risks, protect and grow assets and compensate and retain their key employees using Life Insurance for individual and group plans for employees, key personnel plans and plans for owners.
    • Estate planning - Proper planning that can help your clients pass assets more efficiently to their heirs.
    • Income planning - Complete strategies that encompass many planning elements for your clients including risk management, social security planning, asset protection and distribution methods.
    • Social Security Planning - better understand your social security payout options.
    • Minimizing Taxes In Retirement - reduce the taxes you pay in retirement.
    • Secure Transfer Planning - Tax efficient wealth transfer planning with life insurance.
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    Types of insurance to consider for Small Business

    Buy-Sell Agreement

    Also known as a buy-and-sell agreement, or a buyout agreement. Acts as an "umpire" in dealings that follow these events. A buy-sell can be created at any time, though experts say earlier is better.
    Four good reasons to have a Buy-Sell Agreement
    A buy-sell agreement serves many important functions:
    • It establishes who can become an owner in your business.
    • It determines the continuation of the business.
    • It enables a sole proprietorship to outlast its owner. What if there are no partners to make an agreement with, as in a sole proprietorship? In that case, a buy-sell can be entered into with a qualified buyer (perhaps a relative, a key employee or even a competitor). Upon the owner’s death or decision to leave the company, the business can be sold promptly, averting estate settlement or cash flow problems for family members.
    • It forces owners to arrive at a valuation for their business.
    How to found it?
    Buy-sell agreements are typically funded using life insurance. A buy-sell agreement is an important part of making sure that your business is set for the future. The first step to putting together a sound buy-sell agreement is learning learning what your business is worth. Schedule an Appointment or Contact us for a free complimentary valuation to determine what the needs are for the owners, employees and the survival of your business.

    Key Personnel Insurance

    Replacing a key employee usually involves a significant investment of time and money. This type of coverage can help you maintain your business through difficult personal and financial times that can result from the loss of an essential employee. Here’s what you need to know about key man insurance. Not just any employee can be considered a key person. The business owner or partner should be considered to be insured as a key person.

    There are two main types of key man insurance: life insurance and disability income insurance. The business is usually the owner and the beneficiary.

    The insurance payout from a key man policy can help cover the cost of hiring and training a new employee and make up for any lost revenue during a transition period. If you plan to sell the business, it can help cover expenses.

    Every business is different, and there are a number of variables to consider when determining whether key man insurance is the right choice.

    To determine if a key man insurance policy is right for you, consider this:

    • What would be the financial implications to your business if you or a key employee died suddenly?
    • Could your business continue operating if a life-altering injury caused you or a key employee to be unable to work?
    • If either of these things occurred, would your business continue to function as it does today without the key person in place?
    • Does your business rely heavily on the intellectual capital of a few people?
    Schedule an Appointment or Contact us for a complimentary valuation to determine the needs for your business.

    Group Life Insurance Plans

    Group Life Insurance is an employer-sponsored benefit that businesses can offer to their employees. By offering this benefit, an insurance company will make a payment to your employees' family members or other beneficiaries in the event of the death of an employee. With Group Life Insurance, you pay the insurance company a premium for employees whom you wish to cover. Employees participating in the Group Life Insurance policy choose one or more beneficiaries. If the employee dies while covered under the Group Life Insurance policy, the insurance company will make a payment to the beneficiaries.

    Employer Sponsored Retirement Plans

    Employer-sponsored savings plans such as 401(k) and Roth 401(k) plans provide employees with an automatic way to save for their retirement while benefiting from tax breaks. The reward to employees who participate in these programs is they essentially receive free money when their employers offer matching contributions.
    • Defined Benefit Pension Plans
    • 401(k) Plan
    • Roth 401(k) Plan
    • 403(b) Plan
    • 457 Plan
    • SIMPLE Plan
    • SEP Plan
    Schedule an Appointment or Contact us for a free complimentary valuation f to determine what the needs are for the owners, employees and the survival of your business.
    • A 401(k) is a retirement savings and investing plan that employers offer. A 401(k) plan gives employees a tax break on money they contribute. Contributions are automatically withdrawn from employee paychecks and invested in funds of the employee's choosing.
    • A Roth 401(k) is an employer-sponsored after tax retirement account that has features of both a Roth IRA and a 401(k). Like a Roth IRA, contributions to a Roth 401(k) are made with income that's already been taxed, allowing investments to grow and be withdrawn in retirement without being taxed.
    • A 403(b) plan (tax-sheltered annuity plan or TSA) is a retirement plan offered by public schools and certain charities. It's similar to a 401(k) plan maintained by a for-profit entity. Just as with a 401(k) plan, a 403(b) plan lets employees defer some of their salary into individual accounts.
    • The 457 plan is a type of nonqualified, tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee deferred compensation into it on a pretax or after-tax (Roth) basis.
    • A SIMPLE IRA plan provides small employers with a simplified method to contribute toward their employees' and their own retirement savings. Employees may choose to make salary reduction contributions and the employer is required to make either matching or nonelective contributions.
    • A SEP plan allows employers to contribute to traditional IRAs (SEP-IRAs) set up for employees. A business of any size, even self-employed, can establish a SEP. Choose a SEP Plan.
    Each small business is different Schedule an Appointment or Contact us for a free complimentary valuation f to determine what the needs are for the owners, employees and the survival of your business.