Life Insurance Services
Help ensure your family is protected from the unexpected.
Are you prepared for the unexpected?
We all want our loved ones to be taken care of should the unexpected happen; however, to accomplish this, it’s important to have a plan. There has never been a better time than now to update your current policy and finally take the steps necessary to help ensure your family is protected.
There are several types of life insurance policies available on the market making it affordable for anyone to have a life insurance policy they can use to protect the ones they love:
Term Life Insurance
Term Life Insurance offers incredibly low premiums and the death benefit tends to be remarkably high. You pick how many years you want the policy to cover you. You’ll pay a premium every year guaranteeing yourself a certain amount of coverage. The payments can be made annually, bi-annually, quarterly or even monthly. Once those years are up, the policy is finished, and should you want another policy, you would have to re-apply.
Whole Life Insurance
Whole Life Insurance is great fit for those looking for a permanent product to help cover their final expenses and eliminate the burden on their loved ones. These types of policies tend to have a slightly higher premium; however, these individual policies build a cash value that can be used for loans or to make premium payments, and the coverage lasts for a lifetime, as long as premiums are paid. Many people like this insurance because it never ends, meaning they won’t have to re-apply as they grow older.
Universal Life Insurance
Universal Life Insurance offers some of the same features of both Term Life and Whole Life Insurance policies. Premiums tend to be more in line with the amount paid for term insurance, but it also builds cash value like a whole life policy. You’re able to use any existing cash value to pay premiums and you earn interest on any cash value that remains in the account. It’s important to note there are several variations of universal life policies and all of them have their own unique benefits and features.
Want to know how much life insurance you really need?
Use our free Life Insurance Calculator to estimate the amount of life insurance that you may need.
Want to learn more from our advisors?
We want to hear from you and encourage you to stay in touch! L&L Advisors proudly serves clients in Salina, Kansas, as well as the greater Midwest, and we are here to answer any questions or concerns you may have.
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© 2024 L&L Advisors
*Levi Huncovsky offers Securities through CreativeOne Securities, LLC Member FINRA/SIPC.
**Levi Huncovsky, Tony Jennings, Dane Branfort & Luis Lovato offer Advisory Services through CreativeOne Wealth, LLC a Registered Investment Advisor.
L&L Advisors, Inc. is not affiliated with CreativeOne Securities, LLC or CreativeOne Wealth, LLC.
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
Annuities are insurance products backed by the claims-paying ability of the issuing company; they are not FDIC insured; are not obligations or deposits of, and are not guaranteed or underwritten by any bank, savings and loan or credit union or its affiliates; are unrelated to and not a condition of the provision or term of any banking service or activity.
16608 – 2017/4/25