Life

Term Life Insurance

It’s designed to cover you insurance needs for a specific period of time, usually 10, 20 or 30 years. It pays the benefit to your designated beneficiary in case of death and does not accumulate cash value. You may obtain the insurance with level premiums, which will not increase during the coverage period. In many cases you may covert your insurance to a permanent policy. This coverage may be convenient for you if to have a need for coverage for a specific period of time.

Permanent Life Insurance

It provides lifetime protection, if and when you continue paying your insurance premium. Permanent Life Insurance accumulates cash value and is the ideal product for a long-term insurance need. There are several types of Permanent Life Insurance to meet your specific needs.

• Whole Life Insurance – It’s ideal for you if you want guaranteed death benefits and yield on the cash value.  Whole Life Insurance also offers you the convenience of a fixed premium for life and the possibility of receiving dividends.

• Universal Life Insurance – If you want flexibility, this product can be the best for you. There may be times in our life when we enjoy a high income and others when we do not. With a Universal Life Insurance, you may adjust your premiums according to your income, and adjust the death benefit as well. The policy has the potential to accumulate cash value, although it’s not guaranteed.

• Variable Life Insurance – If you have a high investment risk tolerance, this product may be for you. It offers you the convenience of fixed premiums for life and accumulates cash value. The death benefit and cash value are not guaranteed and may fluctuate depending on the investment portfolio offered by the insurance company.

Annuities

As an insured, you pay the insurance company a single insurance premium or a series of premium payments. The company, in turn, agrees to pay you in the future a flow of guaranteed payments for the rest of your life or for a specific period of time. Annuities can be fixed or variable and may be immediate or deferred.  An annuity can be a good tool for complement your retirement income, among others.