Our protection first philosophy analyzes your current life and disability insurance portfolio with a holistic approach. Life insurance pays a specified sum to the beneficiaries upon the death of the insured. It is generally used to provide cash to your family in the event of your death, or it may be used to accomplish other personal, business, and estate objectives. In all cases, life insurance should be designed to replace the insured's Human Life Value (economic value). There are several types of life insurance policies. The most common types are permanent life insurance and term life insurance. Permanent life insurance provides a lifetime of protection and accrues cash value and thus offers a lifetime tax efficient savings component. Term life insurance provides protection only during a specified term and does not create a cash value.
When you think about it, it is our ability to earn an income that is a person's most valuable asset. Earned income supports your standard of living and enables you to achieve your long-term financial goals and objectives. So it only makes sense to protect your income in case an illness or injury prevents you from working. There are various types of disability insurance available, ranging from employer-provided group coverage (short- or long-term) to individual disability income insurance.