Life Insurance - Term and Universal

Let your life insurance work for you! There are many different kinds of life insurance to meet nearly every need and pocketbook. Life insurance does not have to be only a death benefit to help your survivors. Use life insurance to: Create Income For Your Surviving Family Fund College Expenses Protect Your Mortgage Make A Gift to A Non-Profit Fund Your Pets Care Should They Outlive You Pay Off Debts Pay Estate taxes

It is recommended that you review your life insurance coverage and life style compatibility at least every three to five years. If it is time for you to review yours, we would like the opportunity to see if our life products could meet your existing needs.   A Little About Life Insurance Products Term Life Insurance Consider term life insurance if you only need coverage for a limited period of time—10, 20 or 30 years. A death benefit is paid only if you die during the specified term of the policy. No cash values accumulate, making term costs less than permanent insurance coverage. Whole Life Whole life insurance offers you a guaranteed fixed premium for the duration of the policy, a guaranteed death benefit and offers: cash values that can be designed to meet specific needs  an ideal vehicle for estate and business insurance planning  flexibility when used with buy/sell agreements, key employee plans, executive bonus and split dollar plans  a variety of dividend options  Universal Life Insurance Universal life insurance (UL) allows you to make an initial payment on the policy with the flexibility to make subsequent payments nearly any time and in any amount. The UL policy will stay in force as long as there is enough cash value to cover the premiums. Highlights: Permanent life insurance coverage  Flexible premiums  Adjustable death benefits  Tax-deferred cash value accumulation  Competitive interest rate  Survivorship Life Survivorship life (also referred to as Second-To-Die Life) is a form of life insurance which insures two people and pays benefits only after the second person dies. It’s generally designed to provide funds to pay estate taxes. To have any questions answered or for a consultation please call us at 214.803.3797 or email skovich@sarahkovich.com. GET A QUOTE