Mortgage Protection

Mortgage Protection planning involves using life insurance to pay off the mortgage if the homeowner passes away, allowing surviving family members to comfortably afford being able to stay in the home. It also includes living benefits, which means making monthly mortgage payments for the homeowner in the event they become disabled or chronically ill and cannot work. These types of plans offer simplified-issue (no medical exam) underwriting, which often results in instant approval for those who qualify.

Final Expense

Final Expense life insurance is a simplified-issue (no medical exam), Whole Life policy for people ages 50-85. Coverage amounts typically range from $2,000 to $50,000. The purpose of this coverage is to pay for funerals, medical bills, and any outstanding debts. These policies typically offer the most lenient underwriting, making it easier to get approved for people with pre-existing conditions.

Infinite Banking

Infinite Banking Concept (IBC) is a financial strategy in which individuals use cash value life insurance as a personal banking system. When utilized correctly, the policyholder can borrow against their policy’s cash value to finance purchases or investments, and then repay themselves. Unlike paying interest to a bank with a traditional loan, IBC creates a self-replenishing pool of capital that will continue to grow.

Accidental & Disability

Accidental Death insurance is a low-cost, limited policy that provides coverage for death from an accident and is usually recommended for those who work in potentially dangerous occupations (law enforcement, machine operation, roofing/construction, etc.). Disability insurance provides coverage that will replace a portion of the policyholder’s income, typically 40% to 70%, if they become unable to work due to a non work-related injury or illness. It is designed to help cover living expenses in the event a disability disrupts the ability to earn a living.

Critical Illness

Critical Illness insurance provides a lump-sum cash benefit upon being diagnosed with a covered, serious illnesses such as cancer, heart attack, or stroke. It is designed to supplement major medical plans and to help cover out-of-pocket expenses, deductibles, and living costs during recovery. It is a low-cost policy (premiums are often in the single digits per month), with coverage amounts typically ranging from $10,000 to $100,000.