Financial Security through Life Insurance

Types of Life Insurance

Life insurance is a crucial step to financial security for the individual or family.  Their are many types of  life insurance to meet the needs and economics of  most anyone.

  • Life Term Insurance provides life insurance protection for a specified period of time.  It is the most affordable of all the life products Term life is often convertible to permanent coverage, providing you with flexibility as your needs and economics  change.                                                                            

  •  Whole Life Insurance is permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Often Whole Life policies offer cash value and tax benefits to their owners.

  •  Disability  Life  Insurance   What would you do if you couldn’t earn a living? Disability is a genuine concern, yet only a small portion of U.S. workers have access to disability income insurance 

    • ​Types of Disability Insurance

      • Short Term Disability 

      • Long Term Disability         

      • Long Term Care Insurance

  • Universal Life Insurance  is a form of permanent life insurance characterized by its flexible premiums, face amounts and bundled pricing structure. The savings element, premiums and death benefit can be reviewed and altered as a policyholder’s circumstances change.

  • Guaranteed Universal Life

  • Guaranteed UL is an individual universal life insurance policy that will provide a guaranteed death benefit, assuming that all premiums have been paid as scheduled. You can select a guarantee length from age 95 to 121 to ensure you do not outlive your policy. Signature Guaranteed UL will pay a tax-free death benefit directly to your named beneficiary to help replace your income, take care of final expenses, and meet your financial promises

  • Annuities                                       An annuity is a contract between you and your insurance company. It can provide immediate income, or it can grow until you need income at a later time. Annuities are designed to turn the dollars you invest into an income stream you cannot outlive.  

  • Types of Annuities

    • Deferred Annuities

    • Variable Annuities

    • Immediate Annuities

Life insurance with Living Benifits 

ACCELERATED BENEFIT RIDERS

 

Should you become terminally, chronically, or critically ill, a full or partial accelerated death benefit may be available to you before you die, providing an unrestricted cash benefit for you to use for any purpose.

Living Benefits or Accelerated Death Benefits have changed the insurance industry. It has made life insurance much more appealing and practical for the average person.  Living Benefits protect against life’s risks. No one expects life threatening events but we must plan for them.  One way to protect from catastrophic health events is with Accelerated Living Benefit Riders on life insurance. 

Safe Harbor Financial Resources offers products that provide living benefits for NO ADDITIONAL PREMIUM. 

• ACCELERATED BENEFIT RIDER FOR TERMINAL ILLNESS: For use if an eligible insured has an illness or chronic condition that is expected to result in death within 12 to 24 months,

depending on state definitions.

• ACCELERATED BENEFIT RIDER FOR CHRONIC ILLNESS: For use if an eligible insured is unable to perform two out of six activities of daily living (bathing, continence, dressing, eating, toileting, or transferring) or is cognitively impaired. The benefit is an unrestricted cash payment.

• ACCELERATED BENEFIT RIDER FOR CRITICAL ILLNESS: For use if an eligible insured experiences a critical illness described in the rider after the issue date. The 16 covered critical illnesses (13 in California) may be found in the ABR Overview,

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