Once you qualify, you pay premiums based on your amount of coverage. If you die while the policy is in force, the insurance company provides funds to pay off your mortgage.
Mortgage protection provides funds to cover any outstanding mortgage balance in the event of your death.
The main benefit is to protect your family in the event you die with an outstanding mortgage balance. This coverage is also easy to purchase, no physical exam is typically required, and rates are generally affordable. Certain policies also offer a return of premium feature, so if you don't use the benefit, you get your money back.
Yes! Since so many companies offer this coverage, pricing is competitive and therefore affordable.
Most plans are offered with simplified underwriting, so you don't always have to pass a medical exam to qualify. If you have a pre-existing condition, this can be a less competitive option to qualify for.
If you plan to purchase a home, or you're already paying a mortgage, you should have this insurance to ensure you're protected if the unexpected happens.
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Like other types of life insurance, you apply for coverage, then the policy is in force when you begin paying premiums. If you die during the policy term, your beneficiaries receive a benefit.
Term life insurance provides a cash death benefit that can be used to pay off your expenses if you were to die unexpectedly.
Term life insurance is generally affordable, and, in some cases, you can convert your policy to permanent life insurance if you choose. Some term life policies may include a return of premium option, so if you don't use the benefit, you get your money back.
Yes! Term life insurance is generally the least expensive type of life insurance.
Most healthy people will qualify. You may still qualify if you have pre-existing health problems, though your premium might be higher. Some policies are simplified issue, meaning you shouldn't need a medical exam to qualify.
Rates are based on your age and health at the time you apply for coverage, so the sooner you apply, the better your chance at locking in a low premium.
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Indexed Universal Life (IUL) policies and annuities are two retirement protection options that offer life insurance and savings potential. These products can help supply the income you need during retirement.
If you choose a retirement savings plan early on, you will be able to grow this policy and have the income you need during retirement to live the lifestyle you want.
Annuities and IUL's come with guarantees that can support those concerned about not having enough retirement income from other sources. With retirement protection, your principal balance is always protected - not exposed to market loss.
There are some fees and expenses involved with retirement planning, but we are here to help you navigate your options and make an informed decision.
Most annuities require no underwriting, so nearly everyone qualifies. Since an IUL has a life insurance component, you might need to meet the insurance company's underwriting criteria in order to qualify.
Now is the best time to purchase! Most people purchase an annuity before retirement. The cost of coverage for an IUL policy is based on your age and health when you apply, so it's more affordable to apply for coverage early in life.
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If you are diagnosed with a covered condition when the policy is in force, the insurance company will pay you the face amount of the policy, typically in a tax-free lump sum payment.
A critical illness diagnosis can affect anyone. Having critical illness insurance helps alleviate the financial strain of medical bills, mortgage payments and other expenses so you can focus on getting better.
The main advantage is peace of mind, knowing you will be financially protected in the event you become seriously ill. The benefit is paid directly to you rather than a hospital or other facility, so you can choose how the money is spent, which can help you budget for treatment costs, household bills, etc.
Yes! Since we have access to insurance products offered by dozens of insurance carriers, this policy can be customized to fit your needs and budget.
In general, most healthy people qualify. Some policies offer simplified underwriting, so you won't need a medical exam. Policies offering larger lump sum benefits may require a medical exam.
Since none of us can predict when we will need critical illness insurance, the best time to get coverage is now.
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Once you qualify, you can purchase the final expense at face value, then pay premiums periodically to keep the policy in force. If you die while the policy is active, your beneficiary will receive the death benefit.
If you don't have extra funds set aside for final expenses, this policy can help your family members pay any debt you leave behind when you pass away.
Since we have access to insurance products offered by dozens of insurance carriers, we can help you find a final expense policy with premiums that can fit into your needs and available budget.
Since many carriers offer simplified to a guaranteed issue, you may not need to undergo a physical exam to qualify.
Since none of us can predict when we will need final expense insurance, the best time to get coverage is now.
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The top advantage of Debt Free Life is the financial freedom you get from being debt-free. By paying off all of your debt in nine years or less, you will begin saving for the retirement you deserve. Through our unique offerings, you'll reduce the volume of interest you are paying to lenders, decrease taxes, and retire with tax-favored income.
Yes! Debt Free Life allows you to accomplish your financial goals, eliminate debt, and save for retirement without spending any additional money than you are currently spending. The question is not can you afford this program, rather, can you afford to delay getting started?
As soon as you can! The earlier you begin your journey to financial freedom, the greater results you will see. A Symmetry Financial Group Debt Free Life consultant is ready to help you – let’s get started!
Absolutely! Our consultants can apply Debt Free Life to your business and build cash value while eliminating debt and decreasing the amount of interest paid to lenders.
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One major benefit of disability insurance is the paycheck protection it offers if you become disabled. You can feel safe knowing that your family will be able to continue paying the rent or mortgage even if you are out of work. Additionally, having this insurance on hand can be useful even if you get disability through your employer.
When you purchase your own policy, you don’t have to worry about suddenly losing coverage if you leave your current employer and get a new job. And, as discussed above, buying a disability insurance policy can help you avoid the frustration and delays that can come with relying on Social Security Disability, only to find out that you are not actually disabled in the eyes of the Social Security Administration.
All insurance carriers and disability policies are a little different, but qualifying for coverage may be easier than you think. Normally, there is no requirement for a physical exam.
Your policy will explain how "disability" is defined, and whether there are any exclusions to coverage. In general, private disability income insurance policies say that you are considered "disabled" if you are no longer able to work in your current occupation because of your physical or mental condition.
Purchasing a private disability income insurance policy, or adding disability coverage to a life insurance policy, is surprisingly affordable for most people. With the ability to choose from many carriers and products, you can tailor your policy to meet your budget and needs by adjusting the amount of coverage, the length of time payments would continue after a disability, the elimination period and other optional policy features and benefits.
Because disability insurance is a health insurance product designed to protect your income, the amount you will pay for coverage will be based on your health and lifestyle, as well as your occupation and income.
The best time to buy disability insurance is now, while you're healthy. Don't wait until your next big bonus at work to purchase coverage; many policies can be customized to include cost-of-living adjustments, so your policy benefits will rise with your income over the years.
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80% of workers in small companies say people in their generation will have a much harder time achieving financial security compared to their parent’s generation.
NONPROFIT TRANSAMERICA CENTER FOR RETIREMENT STUDIES® 1
Clients love the SmartStart program for many reasons. First, this plan allows you to protect your child's future insurability, regardless of what medical issues might come up in the future. This means your child's family will have peace of mind knowing that death benefits are available, should the worst happen.
Also, SmartStart is much more than a simple life insurance plan. The cash value portion of the policy accumulates tax-free. Even better, the amount of money you can earn on those savings is generally more than you'll find in any bank or other guaranteed financial instrument. The policy's growth is indexed to the performance of several different indexes (of which you can select from), but there's no market risk of loss. This means your funds get the best of both worlds: upside potential without losing your principal.
Remember that the cash value can be used for any purpose your child chooses as an adult. Funds can help pay for college, fund the expenses of starting a business, buying a home or getting married, and even help pay for expenses in your child's retirement years.
The SmartStart plan is first and foremost a life insurance product, covering your child's life.
So, qualification decisions are based on your child's health at the time you apply for coverage for them. Generally speaking, most children qualify for the SmartStart plan through Rocksteady Financial Group.
When you apply for life insurance for a healthy child, the premium payments are surprisingly affordable.
The additional amount of your regular payments is designed to help the cash value of the policy grow, tax-free, until your child withdraws it for a future need. SmartStart policies are designed to be flexible to meet your savings goals and your budget.
The best time to begin the SmartStart program for your child is now. The cost of the insurance component will rise the older your child gets.
In addition, starting sooner means the funds set aside (the cash value component of the policy) will have more time to accumulate and grow. Having the power of time on your side with the SmartStart plan can yield astonishing results. Because the returns are indexed to the market, nobody can guarantee exactly how much money your child will have when it comes time to draw on the cash value for college expenses.
The SmartStart life insurance policy comes with the potential for dramatic growth to give your child the head start they deserve.
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