Learn about the full range of premium Life Insurance products we offer, and let’s create peace of mind for you and your family.
*FEATURED PRODUCT
What is Term Life Insurance?
A term life insurance policy covers the insured for a specific amount of time, which is known as the term. Terms typically range from 5 to 35 years, providing level premium term life insurance. Among the most popular life insurance products available, term life insurance policies tend to be more affordable. They typically provide an amount of coverage for much less than permanent types of life insurance.
How Does Term Life Insurance Work?
Depending on the type of policy, term life insurance can offer fixed premiums for the entire term or life insurance on level terms. The death benefits can be fixed as well. Because it’s affordable and the payments can stay the same, term life insurance policies are popular with young people just starting out, families and people who want protection for a specific period. (For example – protecting an income, replacing child care costs, paying off a mortgage, covering a business partner).
Term life insurance usually doesn’t accrue cash value, but beneficiaries do receive the full-face amount. For example, if a policy’s face amount is $500,000, the beneficiary receives the full amount. The death benefits paid on a term policy are tax free, according to current tax laws.
There are several types of term life insurance policies available through QQIS. Get your free, no obligation, term life insurance quote today.
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Life Insurance
Provides a degree of financial protection against the certainty of death and can help survivors achieve specified financial objectives. Life insurance death benefits are usually income tax free and can be used to complete a retirement plan, generate lifetime income, pay off the mortgage, and provide funds for childcare, college educations and more. Life insurance policies that accumulate cash value can often provide tax-advantaged money to help meet retirement or emergency cash needs.
- Financial Strength
- Policyowner value
- Longevity
Universal Life Insurance
An alternative to Life Insurance, Universal Life Insurance offers both death benefits and a tax-deferred interest-accumulating savings account for those who require life insurance coverage late into life.
- Delivers flexible death benefits and flexible premiums (as long as the cash values are enough to cover insurance costs)
- Usually includes a cash value account that accumulates at a floating rate of interest, with a minimum rate guarantee
- Accumulates cash value that may be used to help pay for the cost of insurance, riders and other policy expenses
- May provide secondary guarantees such as no-lapse protection that allows for you to dial in your coverage period from 10 years to age 100
Indexed Universal Life
Can help you achieve some of your financial goals by building cash value. It offers many of the same benefits as traditional universal life insurance, with one primary difference – the way interest is credited to the cash value of the policy. You can choose whether to allocate your premiums to an index-linked account, a fixed account or both. The index-linked options are what provide upside potential.
- Financial Strength
- Policyowner value
- Longevity
Annuities
Annuities are a popular, tax-deferred investment vehicle for those in or near retirement (typically ages 50 to 85) who are looking for:
- A way to save and accumulate money for future needs
- Flexible income benefit options – helping hedge the risk of living too long and outliving your income
- Protection against living too long and outliving assets
- Tax-deferred growth opportunities
- Guaranteed death benefits
*Keep in mind that if you withdraw money earlier – or in a greater amount – than your contract allows, fees and penalties (such as surrender charges) may apply, including a 10% federal additional tax for withdrawals prior to age 59½. All distributions are also subject to ordinary income tax.
Disability Income Insurance
Everyone should protect their income and their savings against the risk and impact of a disability. Your income is your most valuable asset and is the foundation to a solid financial plan. Help make sure you can maintain your lifestyle and protect your family’s future if you become too disabled or unable to work for an extended period of time with Disability Income Insurance.
- Financial Strength
- Policyowner value
- Longevity
Long Term Care
Long-term care (LTC) insurance is important coverage that provides valuable support and financial resources that help cover the cost of long-term care you might need in the event of an illness, accident, or through the normal effects of aging. By helping to protect your assets, and giving you choice and control over where you receive care—including in your home—LTC insurance helps you and your family face the future with confidence.
- Individual and Joint
- Association Groups
- Executive Carve-outs
- Linked Benefit Products
- Multi-Life: Large and Small Employer Groups
Whole Life Insurance
The most robust type of permanent insurance, a whole life policy is ideal if you want to stay covered for life to protect your loved ones, while accumulating cash value. Your cash value is the portion of money you can use during your life to pay for certain expenses, like dealing with the unexpected, paying for education, or funding a more secure retirement.
Why you should have whole life insurance:
- Lifelong guaranteed life insurance – You’ll be assured of a guaranteed premium amount that you have to pay which can’t be increased. Your loved ones/beneficiaries would receive a guaranteed, lump-sum payment if you weren’t around to take care of them. Your business could also be a beneficiary.
- Cash value accumulation – While staying covered for life, you can also build a significant cash asset that’s not dependent on the rise or fall of the market at any time. You can borrow against the cash value portion of your whole life policy. If you need money for other things in the future: a down payment for a home, college funding, or a business loan.
- Potential dividend payments
- Tax benefits – Tax-advantaged buildup of cash value. This means that you defer paying tax on the dividends you’re accumulating.
Don’t Know Where to Start? Let’s Talk.
Contact us for a free consultation with an expert advisor and let’s discuss your insurance goals.