Life Insurance: The Facts from Duncan Financial Group – Duncan Financial Group

Life Insurance: The Facts from Duncan Financial Group

February 22, 2012
April 25, 2012
Life Insurance: The Facts from Duncan Financial Group

We understand that life is constantly changing, affecting you and your family. Life insurance helps you prepare for life’s contingencies whether your needs involve mortgage protection, coverage for dependents, or college funding. It is never too early to think about the future and how those that mean the most to you will be protected.

Our experienced insurance advisors walk you through the many options that will provide the protection you need to rest easy. Our team offers every customer a detailed plan that requires skill and a careful strategy when deciding which type of life insurance is best. We offer many types of life insurance including:

Term Insurance: Acquired for a specific period of time (5, 10, 20 years) until you reach a certain age, or until your children reach a certain age. Term insurance premiums are generally less than permanent insurance premiums for individuals who are in the 20 to 50 age range. Term insurance can usually be converted into a permanent policy when the time is right.

Universal Life Insurance: Provides the insured with flexible protection, plus a savings component in an interest-bearing, tax-deferred account. The policyholder has the ability to adjust the premium amounts and death benefits within the policy. Universal life insurance often can be set up with a lower premium initially than whole life insurance.

Survivorship Universal Life Insurance: Purchased on two individuals, where the life insurance benefit is paid after both individuals have passed away. This type of life insurance became popular as a solution to paying estate taxes. The policy can be designed so that the heirs pay no income, gift, or estate taxes on the proceeds.

Contact us today at 724-863-3420 to speak with one of our experienced advisors to explore the many life protection policies. The future is now, and the time to start protecting your family is today