Insurance can protect you and your loved ones in case something goes wrong, but premiums can add considerably to everyday expenses. Don’t get caught with high costs or inadequate insurance. The Financial Wellness Center offers these unbiased resources to help you find the right insurance coverage for your situation and needs. Access these resources at any time and with no obligation.
In its simplest form, life insurance is a promise between an insurance company and you, the policy owner. If you pay a certain amount of money (premium) to the insurance company, the insurance company will pay a certain amount of money (death benefit) to the person (beneficiary) you tell us to when the person whose life is being insured dies.
Whole Life Insurance offers a guaranteed death benefit, cash value and a potential additional cash value by the receipt of any dividends declared by the company. Although not guaranteed, dividend payments are generally declared annually by the company.
Universal Life Insurance offers a flexible death benefit, flexible premium, and the policy cash values are credited a current interest rate that is set by the insurance company, which is subject to change, but will never be lower than a guaranteed minimum interest rate.
Running a holiday sale or weekly special? Definitely promote it here to get customers excited about getting a sweet deal.
This policy design is for the customer who needs life insurance but would like to have the ability to choose how their cash value is invested.
Increasing the death benefit may be subject to additional underwriting approval.
Term Insurance offers a guaranteed death benefit for a fixed period, fixed premium with no cash value. Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured. Initial premiums tend to be lower but will eventually increase.
Long-term care insurance can provide some security, but it is not an investment. Long-term care insurance money will be gone if you don’t use it, unlike life insurance which is guaranteed to pay.
Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary’s earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work.
Confused on what coverage you need, let our experts audit your current policies and make unbiassed recommendations.