Term Life

Term life insurance is perhaps the most basic form of life insurance. It usually provides affordable protection, often with a guaranteed premium, for some period of time. If the insured should die while the policy is in force, the face amount is paid to the named beneficiary. At the end of the premium guarantee period, the insured can renew the coverage at a higher premium. The premium for term life insurance is initially lower than a comparable permanent insurance policy; however, it can increase at each renewal. This initial lower premium usually makes term insurance an ideal choice for individuals with a temporary need for life insurance protection.

Whole Life

Whole life is permanent insurance protection that protects you for your whole life, from the day you purchase the policy until you die, as long as you pay the premiums when due.

Whole life insurance can be a solid foundation upon which to build a long-term financial strategy because it guarantees * lifetime protection for your family or business.

Universal Life

Universal life insurance provides permanent life insurance protection and access to cash values that grow tax-deferred at competitive interest rates

Annuities

An annuity is a unique financial vehicle designed to help people accumulate money for their retirement and/or turn a lump sum of money into a guaranteed stream of income for life.

Deferred Annuities

Deferred annuities offer the advantage of tax deferral* and are used to accumulate money for retirement. There are two types of deferred annuities: fixed and variable.

Fixed Interest Deferred Annuities

A fixed interest deferred annuity is a product that is designed to help you accumulate funds for your retirement. The money in your annuity earns a guaranteed fixed rate of interest (interest rates are effective annual yields) and your money accumulates on a tax-deferred basis, meaning you do not pay taxes on your earnings until you actually withdraw them from your policy. Withdrawals are subject to ordinary income tax, and if they are taken before 59½, an additional 10% tax penalty may apply (the penalty tax is increased to 25% in the case of distribution from a SIMPLE IRA within the first two years of your participation in the SIMPLE IRA plan.)