Life Insurance Newington CT 06111 jrmfinancialplan

Life Insurance

Life insurance is a crucial step in planning for your future and the future of your loved ones.

A Life insurance policy can help your loved ones pay college tuition, mortgage payments, and even help cover retirement income gaps in the event of death. Permanent policies offer the opportunity to build cash value, which you're able to use however you'd like.

How Does Life Insurance work?

With term insurance and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will

receive the death benefit proceeds from the policy. Term insurance is for a specific period of time whereas permanent is for life as long as the premiums paid for.

Do I Need Life Insurance?

If you have anyone that depends on you financially or you don't want to leave your loved ones with the expense or debt, then the answer is yes. If your just starting out and want to lock in an affordable rate for when you have a family, different types of life insurance can help you with that too.

Life Products

Whole Life These policies are designed for individuals who want guarantees and who are focused on providing death benefit protection over cash value accumulation.

Guaranteed death benefit
Guaranteed cash value
level premiums that are guaranteed to never change

Universal Life May be ideal for the consumer who has a need for life insurance, is somewhat conservative, and wants the guarantees of a fixed, minimum interest rate with the potential for additional interest credits.

Flexible death benefit
Flexible premium
Policy cash values are credited a current interest rate that is set by the insurance company and which is subject to change but it will never be lower than a guaranteed minimum interest rate.

Indexed Universal Life May be ideal for those who need death benefit protection but are focused on cash value accumulation for lifetime needs such as supplementing retirement income.

Flexible death benefit
Flexible premium
Cash value grows based on an interest crediting strategy that is tied to changes in a market index such as the S&P 500.

Term Life Insurance If you're sure you want life insurance, but you aren't sure you can afford it, a term life insurance policy may be a great option. Term life is affordable and you're premium payments remain the same for the amount of time that works best for you, such as 10 or 20 years. This way, you decide how long your loved ones need financial protection. And if those needs change, many term policies have the option to convert to a permanent life insurance policy.

Final Expense Insurance Final expense insurance is designed to cover the bills that you're loved ones will have after your death. These costs will include medical bills and funeral expenses . Final expense insurance is also known as burial insurance.

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Life Insurance

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Life insurance is a crucial step in planning for your future and the future of your loved ones.

Whole Life These policies are designed for individuals who want guarantees and who are focused on providing death benefit protection over cash value accumulation.

Guaranteed death benefit

Guaranteed cash value

level premiums that are guaranteed to never change

Universal Life May be ideal for the consumer who has a need for life insurance, is somewhat conservative, and wants the guarantees of a fixed, minimum interest rate with the potential for additional interest credits.

Flexible death benefit

Flexible premium

Policy cash values are credited a current interest rate that is set by the insurance company and which is subject to change but it will never be lower than a guaranteed minimum interest rate.

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Indexed Universal Life May be ideal for those who need death benefit protection but are focused on cash value accumulation for lifetime needs such as supplementing retirement income.

Flexible death benefit

Flexible premium

Cash value grows based on an interest crediting strategy that is tied to changes in a market index such as the S&P 500.

Final Expense Insurance Final expense insurance is designed to cover the bills that you're loved ones will have after your death. These costs will include medical bills and funeral expenses . Final expense insurance is also known as burial insurance.