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Whether
it is Term, or Universal Life coverage,
Blauch and Associates represents companies
recognized as life insurance industry
leaders. Blauch and Associates' broad range
of stable carriers insures the most
competitive rates. Blauch and Associates
will help guide you to the coverage and
limits appropriate for you and your loved
ones. In addition, Blauch and Associates'
tremendous purchasing power results in the
very best rates for "rated" or "uninsurable"
cases. Please contact Blauch and Associates
today for a no obligation analysis and
quote.
Life Insurance
Life
insurance is for the living. It gives you
and your loved ones:
In
addition to providing death benefits so your
loved ones can carry on financially without
you, certain types of life insurance can
build cash value to secure your own
financial future. Life insurance benefits
help:
Who
Needs Life Insurance?
Whether
you're married or single, chances are, there
are people in your life that depend on you
for financial support. If you were to die,
that financial support could die with you.
Proper financial planning, including
adequate life insurance protection, can help
provide for your loved ones in the event of
your death.
Proceeds from a life insurance policy are
provided to beneficiaries' tax free. Life
insurance is one of the only ways to provide
assets to your surviving family members
without the burden of paying additional
taxes.
If
you're married, or married with children,
life insurance proceeds can help your
surviving spouse pay outstanding debts,
maintain the home purchased for the family,
and put your children through college.
If
you're a single parent, life insurance
benefits are invaluable. Planning for the
unexpected can give you peace of mind in
knowing that your children will be protected
after your death.
If
you're single, you may be caring for a
parent that may continue to need support in
the event of your death, or, you may want to
leave money to your church or favorite
charity.
No
matter your situation, life insurance allows
you to keep your promises to your loved
ones. We provide life insurance options to
meet your specific needs.
How
Much Life Insurance Do I Need?
As with
other types of insurance, the answer depends
on your unique situation. Here are some
factors to consider regarding how much life
insurance is right for you:
-
Do
you need, or prefer, term or permanent
life insurance?
-
How
much can you afford to pay
out-of-pocket?
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How
much life insurance do you realistically
need?
Before
determining the life insurance amount that's
right for you and your family, we can sit
down with you and conduct an in-depth
analysis of your situation. After
considering your wishes, Blauch and
Associates can suggest viable life insurance
options to meet those unique needs.
Life
Insurance Plans
With all
the life insurance choices available, you
may be asking "What type of coverage do I
need?" Don't worry. Whatever your financial
and personal goals are, we have a life
insurance plan that can help you achieve
them.
Term
Life Insurance
Term
Life insurance is temporary insurance and
does not build cash value. Term Insurance is
for people who want:
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To
supplement life insurance from work
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A
fixed benefit amount for a specific
period of time
-
Affordable premiums
-
A
death benefit protection with an option
to refund premiums if the policy is
never used
-
Insurance from a trusted company
-
To
adapt to a family's changing needs,
in-force term life insurance may be
converted to permanent life insurance
without additional evidence of
insurability.
Permanent Life Insurance
Generally, permanent life insurance is a
category of products that help you
accumulate cash and spend it when you need
it. The two types of permanent insurance are
whole life and universal life.
-
Whole life insurance helps you meet
final expenses while protecting your
assets.
-
Universal life insurance can provide a
guaranteed death benefit plus the
opportunity to conservatively accumulate
wealth in a tax-advantaged way.
What's special about permanent insurance?
Permanent life insurance can provide
lifelong protection with guaranteed premiums
and cash value with these features:
-
Safety of principal
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Tax-deferred growth at competitive
interest rates (under current federal
laws)
-
Cash
accumulation
-
Lifetime protection at level premiums
-
Flexibility to change the plan
-
Easy
access to your money through policy
loans or withdrawals
-
Plus, the conversion feature helps
guarantee your ability to replace
existing in-force life insurance with a
permanent policy without a physical
examination or other evidence of good
health.
Whole
Life Insurance
Whole
life insurance is your "foot in the door" to
cash value life insurance. It's a life
insurance policy with level premiums that
has both an insurance and an investment
component:
-
The
insurance pays a stated amount upon
death
-
The
investment piece accumulates a cash
value that you can withdraw or borrow
against
-
As
the most basic form of cash-value life
insurance, whole life insurance helps
you accumulate wealth. Regular premiums
pay insurance costs and contribute to
equity growth in a savings account where
dividends or interest is allowed to
build-up tax-deferred.
Universal Life Insurance
Universal life is considerably more flexible
than whole life insurance offering:
Universal life insurance can provide a
guaranteed death benefit plus the
opportunity to conservatively accumulate
wealth in a tax-advantaged way. Depending on
the coverage, these plans offer:
-
Flexibility and control of the premium
payment and death benefit
-
A
minimum interest rate guarantee
-
Favorable loan features
-
The
death benefit, savings element and
premiums can be reviewed and altered as
your circumstances change. In addition,
universal life insurance includes a loan
feature.
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