Life Insurance Policies To Help You Protect Your Family, Get Out Of Debt and build your retirement savings
What We Offer:
Life insurance designed to fit your needs
Life Insurance Policies
Now that you have a clear idea of what life insurance is, let’s move on to the types of life insurance policies that the best life insurance agency in Redlands, CA offers you. There are many policies that different life insurance companies offer. But below we’ll be discussing the three most popular insurance policies that we offer at Marshall Life And Financial Solutions.
Term Life Insurance
As it’s been already indicated by the name, term life insurance lasts for a certain amount of time, commonly 10, 20, 30 years, and then ends. The period is chosen by the insured when he or she takes out the life insurance policies. We are broker and offer all insurance carriers based on there rating and financial strength. You can count on only the best term life insurance policies from Marshall Life And Financial Solutions. Life insurance policies have evolved in recent years offering living benefits which allows you to access the death benefit when you’re in a critical illness, chronic illness and of course terminal illness. Most all our term plans are convertible which means anytime in the duration of the term or before age 70, you can convert your term plan to a permanent option without having to prove insurability.
1. Convertible Term Life Insurance
This policy allows you to convert your term policy to a permanent insurance policy based on you agreeing to pay the premium as needed.
2. Decreasing Term Life Insurance
This is a renewable term life insurance policy that decreases with the policy’s life at an already predetermined rate.
3. Renewable Term Life Insurance.
In this term insurance policy, you receive a life insurance quote on the same year the policy’s been purchased. The premium increases on an annual basis and it’s usually.
Permanent Life Insurance
As you can already tell by the name, permanent life insurance stays for the insured’s entire life, as long as the insured keeps paying. The policy will end if the policy owner surrenders or if he or she stops paying the premium on their insurance. Needless to say, permanent life insurance policies are more expensive than term life insurance policies but they offer flexibility in death benefit, premiums and earns interest on the cash value account.
Permanent life insurance is further divided into four following sections;
1. Whole Life Insurance
In the whole life insurance policy, you get a guaranteed death benefit with guaranteed cash values.
2. Universal Life Insurance
We also offer you our universal life insurance plan, flexible death benefits, and premiums.
3. Indexed Universal Life Insurance
Indexed universal life insurance is also a type of life insurance with living benefits since its life insurance policies allow you to earn interest based on the performance of an Index such as S&P 500. It gives the insured the ability to earn more interest potential in a positive market. An advantage you get from this insurance plan is that if the market goes up, you’ll earn a profit, but if it goes down, you won’t lose any money.
The Important Of Life Insurance
Now that we have learned about the different types of life insurances offered by Marshall Life and Financial Solutions, Inc., let’s take a look at why life insurance is important. Life insurance policies help your family and your loved ones after you’re gone. Life insurance allows you to leave a decent, and non-taxable amount for your named beneficiaries. Life insurance can also be used to solve other issues like paying any loans, covering your mortgage, or any other emergencies.
Living Benefits and the importance of choosing a plan that includes them. Often, we will become ill before we pass away. We usually see a family experience financial hardships, bankruptcies, and foreclosures on their family home because they were not financially protected for these circumstances. Being able to access the death benefits in a critical, chronic or terminal illness help the insured and the family know that they don’t have to deplete their retirement assets, savings or depend on family members to help. You’re paying for the insurance to help protect you when you get sick and your family should you pass away.
So if you don’t already have life insurance, don’t procrastinate and call the best life insurance agency in Redlands, CA. Get a complimentary consultation with one of our specialists, and discuss your life insurance options.
Why Trust Us?
Your next question should be, why trust us? Marshall Life And Financial Solutions provide you with highly experienced insurers who have great industry knowledge and who can help you build a better future for you and your family the right way. We understand that every client is unique, and we try our best to customize the best financial & insurance plan for you.
Frequently Asked Questions
Is it compulsory for my beneficiary to have an insurable interest?
No. Because when you buy your life insurance policy, you own that policy and it is completely up to you to choose your beneficiary. It can even be a stranger if you want. It is your own decision.
If I don’t die, will my money be wasted?
No. It’s like saying you wasted money on car insurance because you didn’t get in an accident. Sounds ridiculous, right? Everyone has to die someday, so after purchasing your life insurance, at least you’ll be at peace knowing that your beneficiary will be taken care of after you die.
We offer any array of insurance planning.
01. Life Insurance
We offer Non-Medical/Fully Underwritten Guarantee Issue Plans.
Get the most insurance coverage at the least cost for your immediate needs. Customize a term period of your choice (10/15/20/30 Year Terms)
Universal Life/Index Universal Life/ Whole Life
04. Long Term Care
Protection for you and your family when you need assisted living, nursing home care, and home health care.
05. Group Health Benefits
Spend less time worrying about benefit packages and more time growing your business when you allow us to protect your small business and employees.
Turning 65? We are here to help take the confusion out of Medicare to ensure a smooth transition.
07. Disability Insurance
Protect your paycheck when you can’t go to work due to an injury or illness.
We can help with all of your retirement income planning needs.
We are here to help. With many years of combined experience and industry knowledge, we’ve seen it all. We understand each client is unique and faces different challenges which is why we customize a plan just for you.
Our products help protect your family, your retirement income, or your business, and when developing your customized plan, we will walk you through a step-by-step process designed to create strategies you can feel confident in.
Contact Us Now
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