Life Insurance

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 of coverage.

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 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, etc.

Q: Will Estate taxes be due on the life insurance at your death?
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.