Insurance Options

Term Life Insurance: Term life insurance provides coverage for a specified period of time - the term of the policy. This term typically ranges from 5-30 years. After the term, you may renew your policy with a premium adjusted for your health and age. Your policy face amount is paid out only upon death within duration of the term. Term life insurance is the lowest priced insurance on the market. It allows you to save substantially on life insurance and invest the savings in a higher yielding investment. Most individual voluntary policies are portable at the same rate.

Cancer/Specific Disease: Cancer insurance pays for the costs associated with cancer regardless of whether you have health insurance. If you have health insurance it will pay in addition to anything your health insurance pays. Likewise, if you don't have health insurance, cancer insurance still pays the same benefits. Cancer insurance pays extensive benefits for hospital stays, leukemia and chemotherapy treatments, as well as check-ups and other wellness exams, such as mammograms, pap smears, and more. These exams are important and can help prevent cancer and related illnesses. Regardless of your family history of cancer or whether you smoke, you are still most likely eligible for cancer insurance. Cancer insurance is also available for family coverage.

Short Term Disability: Each employee may select their own elimination periods based on their sick leave time accrued, available liquid assets to fall back on, or their ability to cover their living expenses for a short time. For a specific employee's waiting period for this disability plan, contact our office by phone or email.

You generally start receiving money from your STD policy within one to 14 days after becoming sick or disabled. The actual time for coverage to kick in depends on whether you suffer an illness or injury.

Disability insurance replaces income you lose if you cannot work. This is an important type of coverage for working-age people to consider. In reality, disability insurance is as important as (and in some cases, even more important than) life insurance. That's because at any given age, the odds of becoming disabled are much higher than dying.

Whether you require short term or long term disability insurance will depend on the nature of your illness or injury. Short term disability (STD) pays a percentage of your salary if you become temporarily disabled, meaning that you are not able to work for a short period of time due to sickness or injury.

Universal Life: Universal Life is like term life insurance with an investment attached. It is a kind of flexible policy that lets you vary your premium payments and/or adjust the face amount of your coverage. The premiums you pay (less expense charges) go into a policy with an attached investment generally consisting of a short-term money instrument yielding a modest return.

If your yearly premium payment plus the earnings on your account is less than the total charges, your account value will become lower. If it keeps dropping, eventually your coverage will end. You may need to increase your premium payments or lower your death benefits to keep the policy in force. 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.

Generally, you'll have lower premiums than with whole insurance but still keep most of the same benefits. However, the cash value build-up is not guaranteed and depends heavily on your invested premiums' performance. Basically, cheaper rates but less certainty about a cash value.

Universal life can be a very solid base for an overall protection strategy and can easily and economically be supplemented by other policies to ensure total protection.

Critical Illness: Critical Illness Insurance got its beginning as a result of the first successful heart transplant in 1983 in South Africa. Dr. Marius Barnard, brother to the famous heart surgeon Dr. Christian Barnard, created the first critical illness policy as a result of the man surviving the heart surgery physically, while dying financially. Today, through medical advance technology, more people are surviving critical illnesses that were killing us just ten to twenty years ago. As a result, our insurance needs have changed. Everyone knows someone who has suffered a critical illness of some kind... and survived physically. Now, with the LifeStyle Protector critical illness policy, we can help these people through the financial challenges associated with survival. [Learn more]