Product - Life

Life Insurance

Life insurance is intended to cover the financial risk of death. In general, it's essential for those who want to make sure that their family does not have to change its lifestyle after a family member’s death to have it. Life insurance has several variables: duration of coverage, frequency and stability of payments, as well as pay-out method and amount of coverage.

You should evaluate your needs after taking an in-depth look at your entire financial picture. Most advisors recommend an amount between 5 to 10 times your salary. Our highly qualified agents can assist you in determining the proper amount of coverage you need.

Term Life

Term Life Insurance is the simplest form of life insurance, and the most inexpensive. It covers you for a specific period of time – 10, 15, 20, 30 – years and your premiums don’t change. Like most life insurance policies, term life insurance is an agreement between you and the life insurance company. You agree to pay a predetermined premium rate. Your life insurance company agrees to pay a sum to your beneficiary if you die – as long as you were still paying your premiums at the time of your death.you need.

Purpose of Term Life Insurance

Term life insurance is most commonly purchased for the following reasons:

• Cover debts / liabilities (i.e. home mortgage).
• Sustain your spouse's standard of living.
• To provide for your children until they are of age.
• To pay for schooling or daycare for your children.
• To fund a buy-sell agreement for your business.
• Protect your business from a key employee death.

The purchase of a term life insurance policy is one of the easiest ways to provide for the financial well-being of your family or business.

Universal Life

 What is Universal Life Insurance?

Universal Life Insurance is permanent insurance that's main feature is flexibility. You can change your premium and death benefit at any time, although an increase in death benefit usually requires you to prove you are still in good health. Because of the accumulation cash account included in the policy, some people refer to this as term insurance and invest the difference all in one policy. With lifetime guaranteed death benefits available from many companies, universal life insurance can be the least expensive way to guarantee a death benefit that is payable to your age 100 and beyond, all with guaranteed premiums that can be structured to continue for just a few years or to age 100 based on your desires or business.

What We Do: Universal Life Insurance Comparison

Causeworth Insurance agents simplify the process with universal life insurance quotes and a universal life insurance comparison. By taking advantage of the flexibility of this type of insurance, we can help you design your Universal Life permanent insurance premiums to look like:

• a whole life policy with high cash values and guaranteed death benefit
• a policy with lower premiums and cash values with a death benefit guaranteed to age 100 and beyond, or
• a policy specially designed to meet your unique needs

Again, Universal life provides the guarantee death benefits with a cost much less than whole life insurance.

Whole Life

What is whole life insurance?

Whole Life Insurance is permanent insurance that is guaranteed to last for your entire life. However, it tends to be several times more expensive than Universal Life Insurance or Term Life Insurance. This additional cost not only provides a guaranteed death benefit but also builds up cash values that can be borrowed and used during your lifetime.Whole

What does this mean?

Once you've taken a few minutes to look up whole life insurance quotes and do some whole life insurance comparisons, Causeworth agents can help explain how this type of permanent insurance is more than just life insurance.

The cash value mentioned before becomes an asset, just like your home or bank accounts. That means it can be used to help with college costs, purchase a new home, or to supplement your retirement.

Whole Life Insurance features premiums which are fixed and cash values which are guaranteed. Participating policies include dividends which can lower the net cost of your policy, but they are not guaranteed.