LIFE INSURANCE OPTIONS:
Don Allred & Associates offers three different types of life insurance, please take a moment and see which option would be best for your family.
1. Term life Insurance provides death protection for a stated time period, or term.
Term life insurance is perhaps the simplest form of life insurance. It was developed to provide temporary life insurance protection on a limited budget. Since term insurance can be purchased in large amounts for a relatively small initial premium, it is well suited for short-range goals such as life insurance coverage to pay off a loan, or providing extra life insurance protection during the child-raising years.
Get an Instant Quote for Term Insurance by clicking this link>>
2. Mortgage Protection Life Insurance
Taking out a mortgage can be a scary proposition. You owe tens or even hundreds of thousands of dollars to the mortgage holder. What happens if a family breadwinner suddenly passes away and a substantial portion of the mortgage remains unpaid?
Mortgage protection insurance covers this potential financial disaster. You can purchase a policy when you first buy your home, or later if you think your situation warrants it.
The idea behind mortgage protection insurance is straightforward: You pay a premium, which remains the same for the duration of the policy, and if you should die during that time, the insurance pays off the rest of your mortgage.
With a return of premium rider added on to the policy, it acts like a savings account. If you keep the policy for the entire term, and you have not died, you will get back every penny you paid with no interest. With this rider you cannot lose, so get started right away.
3. Whole Life Insurance
Features of Whole Life Insurance:
- Level premiums – premiums stay level for the life of the policy.
- Payable for life – provides life insurance coverage for as long as the policy remains in force.
- Pays dividends* – when we have profitable years, we share the profits with you.
- Guaranteed cash value** – you may borrow against your policy at the current loan rate. Upon surrender, the cash value would be available to you.
- Cash value growth is tax deferred – The growth in cash values is tax-deferred under current federal income tax law.
- Death benefit – life insurance proceeds are generally income tax free to the beneficiary.
*Dividends are not guaranteed
**The amount of your guaranteed cash value depends on the kind of permanent (whole) life policy you owned, its size and how long you have owned it. Borrowed amounts reduce the death benefit and cash surrender value.
LIFE INSURANCE APPLICATION FORM
To apply for Life Insurance, please fill out and submit the form below.
Please fill in and submit the form below.
