Insurance is a complicated area and the right guidance is important.
By assisting you through the maze of options, we offer comprehensive
individual services for life insurance, disability income, long-term
care as well as group life insurance, medical, disability insurance,
and group long-term care. We work with several actuaries and insurance
brokers to get you a competitive product at the right price and level
When most people think of life insurance, the first question
that usually comes to mind is, "How much do I need?"
Face value of the policy is only part of the picture. There are
waivers and riders and eligibility and waiting periods and on
Need a life insurance policy? Let us educate you about term life
insurance, and cash value life insurance: whole life, variable,
or universal life. (We told you it was complicated...) There are
special types of life insurance to special needs. first-to-die
life insurance pays at the first death of two people. Typically
this form of life insurance is cheaper for unmarried couples than
two separate policies for the same face amount.
Here are some simple questions and answers on this subject that
are sure to get you thinking.
Q: Why do gay and lesbian people need life insurance?
A: For the same reasons everyone else does. In addition, if you
own assets jointly with your partner and you are likely to owe
estate tax, life insurance can prevent your partner form having
to hold a fire sale.
Q: Are you purchasing a home?
A: Life insurance proceeds can pay off the mortgage.
Q: Do you have consumer debt?
A: Life insurance proceeds can pay the debt in full.
Q: Are you a couple earning two incomes?
A: Life insurance proceeds can replace the income of one partner.
Q: Do you own a family business?
A: Life insurance proceeds can be used to purchase the business
from the heirs of the family.
Q: Do you have children?
A: Life insurance proceeds can be
used to pay for college education expenses, childcare expenses,
Q: Will Estate taxes be due on the life insurance at your
A: Life insurance can be held outside of your estate, such as
in an irrevocable life insurance trust, and the proceeds can be
used to purchase the assets from the estate or be used to pay
the estate tax.