Your most valuable asset isn’t your house, car or retirement account. It’s the ability to make a living. Disability insurance provides benefits that replace part of your lost income when you become unable to work due to illness or injury.
Written for a term of 5, 10, 15, 20 or 30 years. Term insurance is the least expensive way to purchase a substantial death benefit per premium dollar.
Provides the most basic type of permanent life insurance, which offers the certainty of a guaranteed death benefit, level premium payments that are guaranteed for the life of the policy and a cash value stated up front.
Offers flexible permanent life insurance with the low-cost protection of term life insurance as well as a savings element, which is invested and may provide a cash value buildup. Death benefit, savings element and premiums can be reviewed and altered as policyholders’ circumstances change.
Single Premium Life
Includes a single lump sum premium payment to obtain an insurance policy with a death benefit guaranteed to remain paid up for the rest of the insured’s life. The size of the death benefit depends on the amount paid into the policy and the age and health of the insured. Allows your client to maximize the value of their estate, transfer wealth to a beneficiary income tax-free, while avoiding probate, and offers liquidity to cover expenses in later years.
Life Insurance Companies
When shopping premiums on like term guidelines call for a comparison quote. Companies most likely to be quoted for their competitive rates are:
American General Life Co.
Assurity Life Insurance Co.
Gerber Life Insurance Co.
Lincoln Financial Group
Mutual of Omaha
Oxford Life Insurance Co.
Protective Life Insurance Co.
SBLI (Savings Bank Mutual Life Insurance Co. of Massachusetts)
Disability Insurance Companies
Cincinnati Life Insurance Co.
Illinois Mutual Life Insurance Co.
United Life Insurance Co.
Life Insurance Forms
For life/disability questions, contact us at (800) 532-1423.