JSR - Life Insurance

Term & Whole Life Insurance

Protect What Matters Most!

Life insurance may be one of the most important purchases you'll ever make. In the event of a tragedy, life insurance proceeds can help pay the bills, continue a family business, finance future needs like your children's education, protect your spouse's retirement plans, and much more. If you're considering securing you and your family’s financial future, we would be happy to review your current situation and offer a few ideas on how you can protect it!

Types of Life Insurance

Term Insurance

The most affordable type of insurance when initially purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

Final Expense Insurance

Final expense insurance is an insurance policy used to pay for funeral services and a burial when the named insured dies. Such a policy helps ease the financial burden placed on a family when a loved one dies.

Universal Life

Insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly.

Whole Life Insurance

A life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against.

As the most basic form of cash-value life insurance, whole life insurance is a way to accumulate wealth as regular premiums pay insurance costs and contribute to equity growth in a savings account where dividends or interest is allowed to build-up tax-deferred.

Final Expense Plans

What is Final Expense Insurance?

Loans, credit card debt, estate costs, the funeral... most people leave behind unpaid expenses when they die, expenses that, if left unattended, burden their families tremendously. Final expense coverage is life insurance that pays off these debts, ensuring that everything will be taken care of if you pass.

Final expense needs are usually covered with a whole life insurance policy. The benefits of whole life insurance include a guaranteed level premium that can never be increased, guaranteed cash value and a guaranteed death benefit that can never be decreased. The cost of final expense coverage is very affordable, even if you have some health problems. The application process is quick and easy. You can apply for final expense insurance coverage without having to undergo any medical examination - you simply answer the questions on the application.

Why is Final Expense Insurance so important?

The average funeral costs between $10,000 and $30,000. That, in addition to existing personal debts, legal and medical bills, can quickly break the bank. Ask yourself, "If I died tomorrow, could my family afford my expenses?"

If the answer is no, then final expense insurance is essential. With a final expense policy in place, you can rest assured, knowing that your debts will never add to your family's grief. Everything, from the cost of burial to hospital bills and probate attorney fees, will be paid for. It's not just the responsible thing to do, but it's a final gift to your loved ones in their time of need.

You can obtain a free final expense insurance quote by clicking on the free consultation button below and filling out the form. Our team of highly skilled annuity specialists will work with you to develop a plan that fits your budget and income needs.

Schedule An Appointment → 443-529-9109

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Disclaimer: I/We do not offer every plan available in your area. Any information I/we provide is limited to the plans I/we do offer in your area. Please contact Medicare.gov or 1-800-Medicare to get information on all of your options.