Life Insurance Options
Life Insurance for Every Stage of Life
Professional Benefit Solutions knows that a solid plan to protect your family includes Life Insurance — providing financial stability for your dependents if something happens to you. And there are policy options that can provide living benefits of as much as $1 million for a Critical Illness Diagnosis or $1.5 million for Alzheimer’s or Chronic Illness diagnosis. All of this comes to you tax-free.
Start Young, Save More
Life Insurance is most affordable when purchased while you are young and healthy. Whether you are a parent securing your newborn’s future, a newlywed planning for a family, a college student just starting out, or a professional building your career, getting coverage early ensures lower premiums and more options.
Protecting What Matters
As life changes, so do your insurance needs. For retirees, it may make sense to reassess the type and amount of Life Insurance you currently have. Mortgages may be paid off, children may be through school, and the protection you purchased earlier may no longer fit your current circumstances. Professional Benefit Solutions helps you review your coverage and make adjustments to match your current priorities.
Term vs. Whole Life
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Term Life Insurance provides protection for a set number of years, helping cover final expenses, outstanding debts, or ongoing support for dependents.
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Whole Life Insurance offers lifelong coverage, often with a cash value component. Some policies even include Long Term Care benefits, providing flexibility and added security as you age.
Customized Guidance
Professional Benefit Solutions works with you to determine whether Life Insurance is a smart investment for your family. We help you choose the right type, amount, and policy to protect your loved ones and give you peace of mind — no matter your stage of life.
Term & Dependent Life Insurance
Term Life Insurance provides coverage for a fixed number of years, often called the “relevant term.” When the term expires, the coverage ends, and a new policy would need to be purchased if continued protection is desired. Rates at that time will reflect your age and health at the new purchase date.
If the insured passes away while the Term Life Insurance policy is active, the beneficiary receives the full face value of the policy. Term Life Insurance is often more affordable per year and makes sense for families who want security for specific obligations, such as paying off a home, covering college expenses, or ensuring that surviving family members are financially protected until retirement. Term Life Insurance can also be a valuable part of estate planning, helping provide for grandchildren or even great-grandchildren.
Dependent Life Insurance allows you to extend protection to your spouse, domestic partner, or children. These policies provide additional peace of mind, ensuring that those you care about have financial security in the event of your death.
Whole Life Insurance
Whole Life Insurance is designed to provide coverage for your entire lifetime, as long as premiums are paid. The premium amount is fixed at the time of purchase and generally will not increase as you age. Premiums are based on your age and health when the policy is issued.
Many Whole Life Insurance policies also build cash value over time. Some policies are structured so that premiums are fully paid after 10 or 20 years, or by a certain age, such as 65. Other policies require premium payments for the life of the insured.
Professional Benefit Solutions can help you determine the type of Whole Life Insurance that fits your needs and your budget. Whether you are seeking a policy for financial protection for your loved ones or for a combination of long-term care and life coverage, we will guide you in selecting the right option.
Living Benefits From Life Insurance
Some types of Life Insurance actually provide tax-free living cash benefits to you under certain circumstances. When Life Happens, these policies provide cash for adult day care, assisted living care, in-home care, household expenses, modifications you may need to make to your home and even your regular monthly bills. These payments go directly to you if you are diagnosed with a qualifying terminal illness, chronic illness, critical illness or injury, Alzheimer’s disease or Lewy Body Dementia, among other health events. Living Benefits can provide tax-free income for the rest of your life thought this life insurance plan. Download the Plan Details
Calculating Your Needs
Keeping your family safe involves planning for them should something happen to you. Will your family be able to keep your home? Will your kids be able to go to college? Will your surviving partner have to work? If so, for how long will they need to work and and how much will they have to earn? The safety net you put in place now through Life Insurance will shelter your family long after you are not here.
You can determine the amount of life insurance you will need to protect your loved ones by working through the calculator below. After you decide what you’ll need, give us a call. We can help you make a plan that give you and your dependents peace of mind.
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