Do I need life insurance? ...Why?
Yes you do...!
Life insurance gives you peace of mind in knowing that your loved ones are protected and secures your loved ones financial security after you're gone.
The need for life insurance is a pretty basic concept. If someone would suffer financially because of your death, you probably need some form of life insurance.
There are several types of life insurance and ways to purchase it, but the bottom line is the same for each kind: it pays out a cash benefit to beneficiaries upon the insured’s death.
Life Insurance Options
Term Life Insurance: This coverage lasts for a "term" you choose, usually 10, 15, 20, 25 or 30 years. During that time, your life insurance premiums are guaranteed not to increase.
You can add a cash value optional rider to your policy which guarantees a full return of all premiums paid at the end of the term. If you pass away during that time period, your beneficiaries get a cash death benefit. If you live longer than the term period, you have the option to continue your life insurance coverage for a paid-up whole life policy. You can usually convert a term life insurance policy to a permanent life insurance policy without getting a new medical exam.
Universal Life Insurance: There are two big ways that universal life insurance is different from term life insurance. First, the policy is meant to last the rest of your life (as long as you make the required premium payments).
Second, part of the money you pay into your permanent life insurance policy is set aside in an account with a guaranteed fixed interest rate where it can grow cash value that you can access later.
There are several types of universal life insurance policies, each with different advantages, contact Michael Webster for more information on these advantages.
A Life Insurance plan ensures that your family is financially secure even if tomorrow you are no longer around to care for them.
FINAL EXPENSE. FUNERAL EXPENSE
Ultra Protector Series Whole Life insurance offers you and your family:
¦Rates that never increase
¦No medical exams – just a few simple questions to answer
¦Income tax-free death benefit
¦Terminal Illness Accelerated
Bring peace of mind today by preparing for tomorrow. The Ultra Protector products make it easy and affordable to take care of your final expenses.
Every day, families are faced with the difficult task of saying goodbye to loved ones. As hard as it is to deal with the loss, unexpected costs can create a financial burden on family members, making this time even harder. Give your family the gift of a plan and the comfort of knowing they will not have to dip into savings to pay for your final expenses by planning ahead. By purchasing a life insurance policy, you can rest easy knowing that your family will have the extra support of a death benefit to help cover those unexpected costs. Ultra Protector allows you to easily prepare for future expenses by utilizing the benefits of whole life insurance. With a simple application process, affordable premiums, and various premium payment methods, it is easy to protect your loved ones and show them how much you care.