We are life insurance Pros.
We customize a life insurance plan to meet your budget and life goals. We understand that budget and quality life insurance is important, that's why we shop 40 of the major life insurance carriers for the best possible premiums and riders at no extra cost to you.
Our expertise.
We're here to help you and your family establish financial security, life insurance is designed for people who plan to live not plan to die. Believe in us and put your trust in our experience to deliver a plan to meet the needs of you and your family.
We specialize in multiple areas of life insurance. As the years go by, your family grows, your wealth increases and you build assets. Allow us to find the right coverage execute a plan to protect your family and your portfolio of assets. We know you love your family, work hard for their future, one day you will retire and leave a legacy behind that will pass on to your loved ones. Allow Lifex advisors become a apart of building and protecting your success.
Life insurance Portfolio Products
We specialize in key areas of financial security for family, asset protection and retirement. We match you according to your wants and needs.
Indexed Universal Life
IUL's allows the owner to allocate cash value amounts to either a fixed account or an equity index account. Policies offer a variety of well-known indexes such as the S&P 500 or the Nasdaq 100. IUL policies are more volatile than fixed ULs, but less risky than variable universal life policies because no money is actually invested in equity positions. IUL policies offer tax-deferred cash accumulation for retirement while maintaining a death benefit. People who need permanent life insurance protection but wish to take advantage of possible cash accumulation via an equity index might use IULs as key person insurance for business owners, premium financing plans or estate-planning vehicles. IULs are considered advanced life insurance products in that they can be difficult to adequately explain and understand.
Mortgage Protection Life insurance
Your home is one of the biggest investments you’ll ever make, which is why families carrying a mortgage often need life insurance. If one of the breadwinners dies, a life insurance payout can help the family keep up with mortgage payments and stay in the home. Mortgage life insurance, also called mortgage protection insurance, can be a way to pay off a mortgage, but it doesn’t take the place of regular term life insurance.
Final Expense Burial Insurance
Final expense insurance is designed to cover the bills that your loved ones will face after your death. These costs will include medical bills and funeral expenses. Final expense insurance is also known as burial insurance. Unfortunately, even bare-bones funerals can cost thousands of dollars.
Term insurance with return of premium.
It is a term plan, with death benefits, that returns the premium paid if the policyholder survives the policy term. In regular term insurance, insurers pay only when the insured person dies.
You want to help protect your loved ones from financial hardship if you can't be there for them. That's what life insurance is all about. But instead of life-long life insurance coverage, you may only need to protect your family from long-term expenses such as the mortgage, your children's education, or a home equity loan.
Premium Financing Retirement funding.
Life insurance premium financing involves taking out a third-party loan to pay for a policy's premiums. ... This strategy may be useful to high net worth individuals (HNWIs) who don't want to liquidate assets to pay for costly life insurance premiums outright.
It is borrowing money from a third party to pay the policy premiums. Once the policy generates enough surplus cash value in later years, the owner of the policy can then pay back the premium finance loan from policy values.
Children's Indexed Universal life
The Million Dollar Baby Savings Plan. It sounds pretty fancy, but what exactly is the Million Dollar Baby Savings Plan? Million Dollar Baby is just a fancy way of referring to something that has been around for over 100 years, a “participating whole life insurance policy.” Sounds pretty boring doesn’t it? Yes it is a life insurance policy on your child. Some people may think this is taboo, but purchasing a life insurance policy on a child is the safest investment you could ever make into your child’s future. These policies pay a dividend every year that gets deposited into the cash value of the policy. This dividend has fluctuated over the years from 12% to now 6.8% per year. The great thing is that once the dividend is deposited, it cannot be taken back. It allows the policy to grow and grow every year. By putting away only $200 a month for your child into this policy, you can essentially help fund your child’s retirement. The growth in this investment is tax sheltered, and there is a way to use the funds in the policy to fund major purchases throughout your child’s life, such as a car, education, or a down payment on their first home. This investment strategy will give your child equity starting at a very young age, which will give them options in the future. And it is a stable investment that virtually has no risk, but has much more growth capability than a standard checking account or a GIC. It also has a lot more flexibility than an RESP, in that the funds can be used towards anything you choose, not just education.
life Settlements
A life settlement refers to the sale of an existing insurance policy to a third party for a one-time cash payment. Payment is more than the surrender value, but less than the actual death benefit. After the sale, the purchaser becomes the policy's beneficiary and assumes payment of its premiums.