Life Insurance is the most practical way to perpetuate family wealth and to ensure your legacy in the family.
At a glance terminology…
- Term Insurance: A life insurance policy that runs for a set period of time without growing in cash value. Typically cheaper than other forms of life insurance.
- Universal Insurance: A life insurance policy that takes your premium and A) pays for the benefit amount and B) funds a savings account that builds a cash value. This type of policy is considered an asset once the cash value begins to grow.
- Whole Life: The grandfather to the Universal policy, these act in much the same way but generally yield less in terms of interest rate.
- Guaranteed Issue: A life insurance policy that guarantees a benefit insofar as the applicant is not confined to a hospital or hospice.
Pekin Term Life Insurance Chart
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So you have insurance on the home, autos, and toys… If anything happens, those will be taken care of or replaced. But what happens if something happens to you? Could your income be replaced? Will your spouse be forced to work more often and spend less time with the children during this emotionally charged time? If you have the proper amount of life insurance, you ensure that your legacy is intact. After all, your life insurance policy is for your loved ones and not you. Help protect them from the certainty of death with life insurance that will give them the same standard of living as if you were there.
- Universal, Term, Whole and Guaranteed Issue Life products available at better than competitive rates!
- Guaranteed Insurability riders available to ensure your children have the coverage they need when they need it regardless of future health concerns.
- No Doctors or medical exams for ages under 40 and with benefit levels up to $500,000.
- Let your money grow for you with our exciting Universal life policies that can be borrowed against!
- Convert your term policy to a universal policy on your terms!
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