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Wealth Preservation Group gets you connected to the top life insurance companies in the country and let's you choose the one that best fits your needs and budget. We have over 50 insurance companies we represent to ensure the most suitable policy for your needs.
Term Life Insurance provides protection for a limited period of time, such as 10, 15, 20, or 30 years, and pays a benefit if the insured dies during this period. Although term policies do not accumulate cash value, many do offer a feature that allows you to convert to a permanent policy within a certain time. This can be beneficial if you'd like to buy a permanent policy but your budget right now does not allow it, or you like having the option to convert to a permanent policy later on.
Level TermLifemeans both the death benefit and premium are guaranteed to remain level for the entire term. With a level term policy, you can cancel at any time without penalty and the insurance company cannot cancel the policy as long as you pay the premium. When the term ends, coverage either stops or can be continued at increased premiums.
Return of Premium Term Life (ROP) is a new product that offers a return of your premiums paid. Premiums are returned at the end of the level period selected (for example 15, 20, or 30 years) provided your policy is still in force. The amount returned is equal to the sum of the premiums paid for the base plan of insurance and does not include any premiums paid for riders and/or sub-standard premiums.
Universal Life Insurance in DetailUniversal life insurance has flexible premiums. Under a universal policy, you are given the option to adjust your premium payments up or down each time it is due, subject to minimum and maximum amounts set by the insurance company. A percentage of each premium you pay is applied to your universal life insurance policy’s cash value, making it more valuable when higher premiums are paid just like a whole life insurance plan. However, you have the option to make low premium payments just as you would in a term life policy if your budget does not allow you to pay high premiums during certain times of the year (e.g., quarterly mortgage dues, yearly membership fees, college tuition payments, etc.).
Universal life insurance is interest-sensitive. The cash value of a universal policy builds on an interest rate that depends on current market rates. Therefore, in a bullish, fast-growing economy, the internal cash value of your universal life insurance policy will build at a faster rate than even a whole life policy would. However, during a slow economy, this feature does the reverse: it will ensure that your universal life insurance does not grow as quickly as whole life insurance would.
EIUL Equity Indexed Universal Life - A Unique Insurance Opportunity
- Are your assets working for you in the most tax efficient way?
- Are your assets properly leveraged to take advantage of maximum opportunity?
- Are you accepting unnecessary risk with your life insurance or retirement account?
If you are searching for a way to accumulate tax deferred cash values that may be accessed tax free in the future, then indexed universal life may provide the direction you need to insure a better future.
Equity indexed universal life insurance offers a unique combination of affordable life insurance with the ability to accumulate cash values that grow with the upward movement of a stock index without the normal downside risk associated with the equities market. Combine the benefits of upside cash value growth potential with the tax deferred benefits associated with life insurance and a minimum guaranteed interest rate and you have an optimum vehicle for accumulating cash.
Whether you objective is to obtain a flexible low cost life insurance policy, to maximize retirement income in the most tax efficient way or to provide liquidity in estate planning, equity indexed life insurance can help you reach your family and business objectives.
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