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LIFE INSURANCE

The insurance company pays in case of the demise of the policy holder or at the time of the maturity of the policy.


TYPES/SERVICES:

TERM INSURANCE

A life insurance policy that provides coverage for a certain period of time, or a specified “term” of years. If the insured dies during the time period specified in the policy and the policy is active – or in force – then a death benefit will be paid.

GROUP LIFE INSURANCE

Insurance on the lives of a number of persons, insured as a group under one master policy. Instead of individual policies, the members of the group receive certificates, which describe the essential details of their coverage. The largest amount of group life insurance is in force on employee groups, but a great deal is also issued to corporate creditors such as banks, and finance companies, to ensure the lives of their debtors.

VARIABLE UNIVERSAL LIFE INSURANCE

Insurance that provides permanent protection to the beneficiary upon the death of the policy holder. This type of insurance allows you to allocate a portion of your premium  to a separate account comprised of various instruments and investment funds within the insurance company’s portfolio such stocks, bonds, equity funds, money market funds and bond funds.

PERSONAL ACCIDENT INSURANCE

Gives monetary compensation for the death, disablement or loss of income of the insured individual due to an accident. It is a protection plan for you and your family should the unexpected happen.

ENDOWMENT INSURANCE

Life insurance policy that pays the assured sum (face amount) on a fixed date or upon the death of the insured, whichever comes earlier.


LIFE INSURANCE PARTNERS: