Life Insurance and Term Life Insurance are one of the most valuable asset protection programs to provide for your loved ones as well as to maintain everyone’s quality of life. This is a gift which keeps on giving! Show your family or business that you cared enough to provide for them even after you could not physically be with them. Revised 21st Century “real” life insurance, allows you to access your benefits so you are protecting your financial foundation during your lifetime if you were to become critically or chronically ill. Also by maintaining the policy through premium payments (that are in your budget) you can be confident that there is not another burden of funeral costs which tend to create further hardship.
There are several different options when it comes to choosing Life Insurance. Ildiko Insurance Advisors are here to help you sort through all the confusion by advising you with the right choice for you and/or your family. No matter what your age or situation, Ildiko Insurance Advisors will assist you with the appropriate plan and most economical terms for your budget.
Universal Life Insurance
Universal life insurance has cash accumulation and is a Life Insurance policy which typically offers you the flexible options for amount and which enables you to determine the amount of your premium payments. It is more affordable vehicle than whole life. These amounts can actually be changed throughout periods, as subject to policy guidelines. Your Universal Life Insurance Policy will accrue interest at a rate set by the company. These accumulated funds are tax deferred and can be available during your lifetime through loans and/or withdrawals (against the account).
Term Life Insurance
This type of policy offers protection for a predetermined, specified length of time. Also may be used as mortgage protection insurance. The usual time frame is 20 years but can even be 40, determined on your age. These policies do not typically accrue cash value and is initially less expensive, however premium amount oftentimes will increase with the age of the insured. Ildiko Insurance Advisors offer a term insurance plan – which the insured has living benefits included such as for critical, chronic or terminal illness.
Asset Accumulation or Cash Value Life Insurance
In the vehicle of Universal Life aka known as Cash Value Life Insurance. This can be a viable addition to your long term financial goals as these policies allow you to over fund in a tax-deferred manner, based on Federal Income Tax Laws. Assets accumulated are for a long term basis and are available to you for instance such as used towards college funds, paying off business loans or enhancing your retirement portfolio. You may also take loans or withdrawals against the account policy after a predetermined time.
This procedure is put into place to guarantee smooth transition of your personal wealth and assets to your heirs. Your Life Insurance can be a large part of your estate, especially as the beneficiary receives their monies totally tax-free and first. While Ildiko Insurance Advisors are here to assist you in making the right insurance decisions for your estate, we are not tax advisors and recommend you also procure the services of a Certified Financial Advisor to be certain your entire estate is built on a solid platform. In that case our company and theirs can all meet together to ensure you and/or your family have the proper plans in place.
For More Information Call Today 772-221-0882
Ildiko Insurance Advisors, LLC
Independent Insurance Agents
Serving All Florida. Local agent for Martin County, St. Lucie County, Palm Beach County – Stuart, Palm City, Port St. Lucie, Vero Beach, Ft. Pierce, Sebastian, Jensen Beach, Hobe Sound, Tequesta, Jupiter, Palm Beach Gardens, West Palm Beach, Hollywood, Florida…