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Life Insurance: The Foundation of Financial Security
Click on any " + " below to Expand
Click " + " next to "What is Term Insurance?"
for an instant Term Insurance Quote
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How
much life insurance do I need?
Although there is no substitute for a careful evaluation
of the amount of coverage needed to meet your needs, one rule of thumb is to buy life insurance that is equal to five to seven
times your annual gross income.
What
is term insurance?
Term insurance provides protection for a specific
period of time. It pays a benefit only if you die during the term. Some term policies can be renewed when you reach the end
of a specific period which can be from one to 30 years. The premium rates increase at each renewal date and many require evidence
of insurability be furnished at renewal for you to qualify for the lowest available rates.
Click Below for an instant Term Quote
What
is permanent insurance?
Permanent insurance provides lifelong protection and
is known by a variety of names, described later. As long as you pay the necessary premiums, the death benefit always will
be there. These policies are designed and priced for you to keep over a long period of time. If you don't intend to keep the
policy for the long term, it could be the wrong type of insurance for you. Most permanent policies - including whole, ordinary,
universal, adjustable, and variable life - have a feature known as "cash value" or "cash surrender value". This feature, which
is not found in most term insurance policies, provides you with additional options.
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What
are the types of permanent insurance?
There are many different types of permanent insurance.
The major ones are:
Whole Life or Ordinary Life
Premiums must be paid periodically in the amount indicated
in the policy and remain constant over the life of the policy.
Universal
or Adjustable Life
This variation of permanent insurance allows you,
after the initial payment, to pay premiums at any time, in virtually any amount, subject to certain minimums maximums. You
also can reduce or increase the amount of the death benefit more easily than under a traditional whole life policy.
Variable
Life
This type of permanent policy provides death benefits
and cash values that vary with the performance of an underlying portfolio of investments. The cash value of a variable life
policy is not guaranteed, and the policyholder bears that risk. Good investment performance will lead to higher cash values
and death benefits, however, poor investment perfomance will lead to reduced cash values and death benefits.
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Below are some of the BEST insurance companies on the planet
for insuring your LIFE, HEALTH, DISABILITY, LONG TERM CARE and RETIREMENT
PLANS
and we are proud to represent them !
( click a logo to transport to a company website and learn more
)
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2018©
Leusch Insurance Services Agency, Inc.
dba INSURANCE CONCEPTS
All Rights Reserved
Coverage statements in this web site are general descriptions only. The
full and exact contract is contained only in the policy. For costs and complete details of coverage, including applicable
exclusions and limitations, call or write our agency.
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