Life Insurance

Life insurance can do some pretty amazing things. It can buy loved ones time to grieve, pay off debts and business loans, keep families in their homes and pre-fund a child’s college education… but there is one catch. You need to own it.

Types of Policies

• Term
• Universal
• Whole Life
• Variable
• Survivorship (second to die)
• Hybrid

Much like the many changes that have occurred in other industries such as computers or cars, the same has happened in the life insurance industry. Insurance costs have dropped and underwriting is more efficient which is a direct benefit for the end user, the consumer. Reviewing policies today is much needed for several reasons

• Lower mortality costs
• More efficient contracts
• Improve ratings

Life insurance can impact many areas of a person’s life

• Paying off debt or mortgage
• Provide a certain standard of living
• Pay estate, federal or state taxes
• Special needs planning
• Properly fund operating agreement for business
• Equalize estate between children

Life insurance is much more than just a death benefit. At Innovative Financial Group, we can help answer your questions including how much to purchase, what type to consider, how it works within your estate and review existing policies to ensure the benefit will accomplish what was intended. At the end of the day, you will be able to answer one very important question – “How well are you planned and how can you tell?” Call us today for a complimentary consultation.