Life Insurance
The #1 reason Americans give for not having enough Life Insurance is that it’s too expensive. However, recent studies show that 72% of American overestimate the true cost of Life Insurance.
There’s no better time than now to plan for your family’s financial future. With access to hundreds of life policies, let us do the shopping and find the most suitable available option for your health and budget.
Who should have Life Insurance?
- Couples. Both should have Life Insurance in case one passes away. The benefits can be used to replace lost income and help maintain the same quality of life.
- Anyone with young children. Your family is your most important asset. Life Insurance protects them and helps to ensure they have the best possible future in the event something happens to you.
You can also use Life Insurance to plan for their College. Growth in Life Insurance cash value can actually beat out some of the best investments in terms of growth.
- Retirees with heirs. A huge advantage of Life Insurance is that it pays out tax-free and it’s 100% protected from probate. This makes it the perfect vehicle for leaving your children a nest egg when you pass.
- Homeowners. Did you know that the Mortgage Protection built into your mortgage is actually to protect the bank and not there to protect you or your family? A decreasing term life policy can cover the amount of your mortgage in case the unexpected happens. Don’t leave the stress of making mortgage payments to your loved ones.
- Small business owners. Are you taking advantage of the IRS code that allows you to pay for your Life Insurance through your business and use it as a tax deduction? This can be done for yourself and/or for key employees.
- Young, single people. Most people wait until they have a family and a mortgage to get Life Insurance, but the best time to get Life Insurance is today. The younger and healthier you are, the cheaper Life Insurance is. Plan for your future today.
- Everyone. A staggering 48% of people don’t have any Life Insurance. Of those that do, 42% admit they don’t have enough. Go-Fund-Me is not Life Insurance. Don’t assume you can’t afford it. Let us give you a no-cost quote and show you just how affordable it can be to protect yourself and your loved ones.
Just a few of the Life Insurance companies we represent
Frequently Asked Questions
The most common types of policies are Term, Whole, Universal and Final Expense/Burial. The best type for each individual will vary based on their needs, age and health. At times, stacking 2 different types can best help achieve your goals. We will help you narrow down the choices to find the best option for you.
Some people have a very specific idea of how much they need, but often times, picking an amount can seem random. Many factors go into finding the right amount. Everything from financial liabilities to achieving certain goals can be a factor. It’s also very important to settle on a budget that you are comfortable with. We will work with you to build the best plan because at the end of the day, the best Life policy is the one you have when its needed.
The process will vary depending on which type of Life Insurance you need and the amount of the benefits. We have some policies with zero underwriting, some with just a few questions that are quick to issue and others that require medical exams. Simplicity is our goal. We will make the process as simple and seamless for you as possible!
Typically, every 1 to 2 years is a good rule of thumb. Life policies are like cars, they need to be maintained. If you have any major life changes such as divorce, marriage, a new baby, starting a new business, etc. it’s important to review your policy as soon as possible.
Yes. Most Life Insurance builds cash value. If structured the right way, it can serve as an emergency account or savings account.
Some policies can also be built with accelerated benefits so that the insured can use the funds to pay for Home Health Care, Long Term Care, Critical Care or End of Life Care.
You can name a person, trust, charity or estate as beneficiary on your policy. When listing a person, you typically need what is called “insurable interest.” This simply means that the person should be a family member or an individual who would suffer a financial or business hardship if something were to happen to you.
You can name as many beneficiaries as you would like and split the proceeds any way you want. You can also name contingent or back-up beneficiaries.
Good news! We have policies for every type of health. We even have policies with zero underwriting that will take anyone.
One advantage of working with ASB is that our large variety of Life Insurance companies means that we have options for all health situations. Some companies are more forgiving towards conditions like diabetes, heart disease and cancer than others. We know which are which so we can get you the most value for your dollars.