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Term Insurance is a form of life insurance that provides coverage for a defined amount of time. If the insured dies during the term of the policy, then the death benefit is payable to beneficiaries. Term insurance typically increases over time, for example a Term-10 policy renews every 10 years and gets more expensive as the insured gets older. Term plans are specifically designed to secure your family needs in case of death or uncertainty.

Critical illness coverage pays a tax-free lump sum benefit amount if you’re diagnosed with a defined critical illness during the policy term. There is an additional feature called Return of Premium which means if the insured isn’t diagnosed with an illness by a certain age, part or all contributions are refunded.

Disability Insurance protects and guarantees a portion of an employee’s income in the event they become disabled and unable to work. There is typically a waiting period in order to qualify.

Life insurance is a plan that is purchased to protect an individual’s family in the event of their death. The owner pays the premium on the insured (may or may not be the same person), and the beneficiary is selected. Coverage may vary by type, length, and coverage.

Critical illness coverage pays a tax-free lump sum benefit amount if you’re diagnosed with a defined critical illness during the policy term. There is an additional feature called Return of Premium which means if the insured isn’t diagnosed with an illness by a certain age, part or all contributions are refunded.

Disability Insurance protects and guarantees a portion of an employee’s income in the event they become disabled and unable to work. There is typically a waiting period in order to qualify.

Term Insurance is a form of life insurance that provides coverage for a defined amount of time. If the insured dies during the term of the policy, then the death benefit is payable to beneficiaries. Term insurance typically increases over time, for example a Term-10 policy renews every 10 years and gets more expensive as the insured gets older. Term plans are specifically designed to secure your family needs in case of death or uncertainty.

Life insurance is a plan that is purchased to protect an individual’s family in the event of their death. The owner pays the premium on the insured (may or may not be the same person), and the beneficiary is selected. Coverage may vary by type, length, and coverage.

Group benefits plans are implemented by a company owner in which all employees of the company receive a variety of coverages often including, but not limited to life insurance, disability insurance, travel insurance, dental, vision, prescriptions, and extended health care.

This type of insurance is designed to fund the purchase of the shares for the deceased owners share of the partnership. Here’s how it works; under a cross purchase plan, each member purchases a life insurance policy on the other, with themselves as the beneficiary. If one partner dies the other will partner will receive the payout to help fund the transition of ownership from the deceased’s beneficiary.

Key person insurance is insurance designed to insure an employee essential to business operations in which if they were absent, would be difficult to maintain. In a small business this is usually the owner, founders or perhaps some key employees. Here’s how it works; the company takes out a life insurance policy on the “key person”, pays the premium and the company is the beneficiary.