Life Insurance
Financial Liberty Group is renowned for their ability to provide life insurance products and policies that offer both flexibility and control. Our goal is to provide you with the knowledge that your family will be protected after you are gone. Some of the reasons to plan ahead and speak to our representatives include:
- Protect your family against financial hardship
- Cash value accumulation
- Loans from accumulated cash value
What is life insurance?
The primary purpose of life insurance is to provide a financial benefit to your loved ones in the event of an early death. Typical reasons for buying life insurance include paying for funeral expenses, providing mortgage assistance, supplementing educational expenses for children and spouses, replacing lost income, and helping to protect the value of an estate after the insured passes on. It helps to provide peace of mind that your family will remain financially solvent.
Types of life insurance include the following:
Term – An insurance policy providing coverage for a pre-defined period of time allowing for premiums that can be fixed for that period. Depending on the specifics of the policy, the death benefit may stay the same for as long as 30 years.
Whole Life – Life insurance which provides coverage for an individual’s whole life, rather than being limited to a specified term. A savings component, called cash value or loan value, builds over time and can be used for wealth accumulation.
Universal Life – A type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element (similar to whole life insurance) which is invested to provide a cash value buildup. The death benefit, savings element and premiums can be reviewed and altered as a policyholder’s life circumstances change over time.
Accidental Death Insurance – Accidental death is a limited life insurance product designed to cover the insured should they pass as the result of an accident. Accidents may include anything from an injury and upwards, but do not typically cover deaths resulting from health problems or suicide. Because they only cover accidents, these policies are much less expensive than other life insurance policies.
Contact Financial Liberty Group today to see how we can help you protect the future of your beloved family members. Our experience, professional and attention to detail set us apart from other companies you may have spoken to in the past.