Life Insurance Made Easy
Life insurance provides either a stated sum or a periodic income to your designated beneficiaries upon your death. Certain life events like marriage, the birth of a child or a change of jobs may trigger the need to obtain or to increase life insurance coverage. Deciding that you need life insurance is the first step. Deciding what kind of life insurance is where we can help. We offer a variety of policies to suit your every need...
Term Life
Term Life insurance provides temporary protection for the term of the policy (5- 30 years). If the insured dies within the term period, the insurance company pays the death benefit. If the insured survives the term period, the coverage terminates. Most term insurance can be converted into permanent life insurance.
Universal Life
Universal Life insurance is similar in design to Term Life insurance but has an additional feature that allows you to put extra funds into the policy over and above the life insurance cost. These excess funds are entered into an interest bearing account where they grow on a tax-advantaged basis. You may accumulate significant cash value over the years and, in some circumstances, "borrow" the appreciated funds without paying taxes on the borrowed gains. As long as the policy stays in force, the borrowed funds do not need to be repaid, however, interest may be charged to your cash value account.
Whole Life
A traditional Whole Life insurance policy provides both a death benefit and a cash value component. You can borrow this cash value to pay for unforeseen expenses; education or even to supplement retirement income. Many Whole Life insurance policies let you participate in the profits of the insurance company by receiving "dividends" and let you choose what you want done with your dividends; from building cash value, to buying additional "paid up" amounts of Whole Life insurance coverage, to even helping pay your policy's premiums.
IntelliPlan Inc. has the ability to obtain quotes from many carriers, giving you the best value. Contact us at DavidTopor@MyIntelliPlan.com for your best quote today!