You work hard to take care of your family, and they depend on you for emotional and financial support. If anything should happen to you, know you have taken steps to ensure that your family will be safe and secure in the years ahead.  Purchasing insurance now will help ease the burden of final expenses for your loved ones later 

Life insurance can provide a cash benefit to your family or other designated beneficiary  It may be used to pay for your  burial, funeral and other final expenses or as income to your family.  Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.

Certain life insurance contracts accumulate cash values which may be taken by the insured if the policy is surrendered or which may be borrowed against.  Others, such as annuities and endowment policies, are financial instruments to accumulate or liquidate wealth when it is needed.

The interest on this cash value is not taxable so it can be used a tax-efficient method of saving as well as protection in the event of early death.

There are many types of Life insurance Policies available.  Depending on your age, your family your income and your budget, Susan can help find a plan that will sit you. 

Whole life insurance, is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.  As a life insurance policy it represents a contract between the insured and insurer that as long as the contract terms are met, the insurer will pay the death benefit of the policy to the policy's beneficiaries when the insured dies.  Because whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher than those of term life insurance where the premium is fixed only for a limited term.  Whole life premiums are fixed, based on the age of issue, and usually do not increase with age. The insured party normally pays premiums until death, except for limited pay policies which may be paid-up in 10 years, 20 years, or at age 65.

Term life insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time. 

Term insurance is generally  used for pure income replacement needs for an individual. Term insurance functions in a manner similar to most other types of insurance in that it satisfies claims against what is insured if the premiums are up to date and the contract has not expired and does not provide for a return of premium dollars if no claims are filed.

Universal life insurance is a type of cash value life insurance. It is a type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element (like whole life insurance), which is invested to provide a cash value buildup. The death benefit, savings component and premiums can be reviewed and altered as a policyholder's circumstances change. Unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his accumulated savings to help pay premiums over time. These types of policies offer the advantage of guaranteed level premiums throughout the insured's lifetime at substantially lower premium cost than an equivalent whole life policy.

Child life or Juvenile life insurance is a form of permanent life insurance that insures the life of a minor. It is usually purchased to protect a family against the sudden and unexpected costs of a child’s funeral or burial and to secure inexpensive and guaranteed insurance for the lifetime of the child.  It offers guaranteed growth of cash value, which  can be withdrawn to pay for college tuition, purchase a vehicle, or a home, etc.

Child life insurance policies typically offer the owner the option to purchase, or in some cases obtain additional guaranteed insurance when the child reaches maturity.  Child life insurance policies typically are issued with face values between $5,000 and $50,000, do not require medical examination, and provide insurance coverage for a designated beneficiary.