Life Insurance
Life Insurance is a simple answer to a very difficult question… “How will my family manage financially when I pass away and what standard of living do I want them to have moving forward?” It is a very sensitive subject and one that no one really wants to think about. However, if someone depends on you financially, it is a subject you simply cannot avoid. Here at Avanti Insurance Brokerage, our commitment to you is to truly understand your situation so that we can make the proper recommendation and offer the right solution to help establish peace of mind and security for you and your family.
Do you need life insurance right away?
We’re partned with several life insurance companies that offer accelerated labs-free underwriting.
Apply in minutes with no exam required.
You’ll get an underwriting decision as early as 1 day.
If approved, your coverage can be activated immediately once your initial payment is processed.
Do you need life insurance right away?
We’re partned with several life insurance companies that offer accelerated labs-free underwriting.
Apply in minutes with no exam required.
You’ll get an underwriting decision as early as 1 day!
If approved, your coverage can be activated immediately once your initial payment is processed.
WHAT IS THE RIGHT KIND OF LIFE INSURANCE?
All policies are not the same. Some give coverage for your lifetime and others cover you for a specific number of years. Some build up cash values and others do not. Some policies combine different kinds of insurance, and others let you change from one kind of insurance to another. Some policies may offer other benefits while you are still living. Your choice should be based on your needs and what you can afford.
types of life insurance:
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Term Insurance
Term Insurance covers you for a specific term of one or more years. Common plans are 15, 20, and 30-year terms. Death benefit is only paid if you die in that term. Term insurance generally offers the largest insurance protection for your premium dollar.
Whole Life Insurance
Whole Life Insurance covers you for as long as you live if your premiums are paid. You generally pay the same amount in premiums for as long as you live. When you first take out the policy, premiums can be several times higher than you would initially pay for the same amount of term insurance. But they are smaller than the premiums you would eventually pay if you were to keep renewing a term policy until your later years. Some whole life policies let you pay premiums for a shorter period such as 20 years, or until age 65. Premiums for these policies are higher since the premium payments are made during a shorter period.
Universal Life Insurance
Universal Life Insurance is a kind of flexible policy that lets you vary your premium payments. You can also adjust the face amount of your coverage. Increases may require proof that you qualify for the new death benefit. The premiums you pay (less expense charges) go into a policy account that earns interest. Charges are deducted from the account. If your yearly premium payment plus the interest your account earns is less than the charges, your account value will become lower. If it keeps dropping, eventually your coverage will end. To prevent that, you may need to start making premium payments, or increase your premium payments, or lower your death benefits. Even if there is enough in your account to pay the premiums, continuing to pay premiums yourself means that you build up more cash value.
LIFE INSURANCE BENEFITS CAN BE USED FOR:
Supplementing retirement income with cash value life insurance
Preserving a quality standard of living for your family
Protecting a business for partners and/or family
Funeral costs/ final expenses
Uncovered medical bills
College tuition
Outstanding debt
Mortgage protection
Charity donations
Estate taxes
why work with our team?
Selecting the right type of life insurance policy may be very tricky. As a consumer, the last thing you want is to be in a position where you end up with the wrong type of coverage, or as in many cases… simply making the mistake of over-spending on a plan when there is no need to if you work with the right advisor from the get-go. Here at the Avanti team, our goal is to help you identify which plan(s) will better accomplish the goals and objectives you are looking to achieve. We take the time to understand your unique situation and we walk you through the process step by step, so everything is clear to you and from start to end. Our hefty experience & knowledge along with our friendly and caring customer service will ensure you have a pleasant experience while working with us.
