Services

Life Insurance


What Is Life Insurance?


Life insurance is a contract between an insurer and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime.

The life insurance application must accurately disclose the insured’s past and current health conditions and high-risk activities to enforce the contract.

Many different types of life insurance are available to meet all sorts of needs and preferences. Depending on the short- or long-term needs of the person to be insured, the major choice of whether to select temporary or permanent life insurance is important to consider.

Final Expense Life Insurance

– What Is Final Expense Insurance?
Final expense insurance is a whole life insurance policy that has a small death benefit and is easier to get approved for. Final expense insurance is also called “funeral insurance,” “burial insurance,” “simplified issue whole life insurance,” or “modified whole life insurance.”

-How Does Final Expense Insurance Work?
Let’s say you’re retired, no longer have life insurance through your employer, and don’t have an individual life insurance policy. You also don’t have a comfortable nest egg and are worried about the financial burden you’ll leave on your spouse and/or kids when you die.

– What end-of-life expenses will final expense insurance help with?
  • Final medical bills
  • Funeral expenses; funeral plans, funeral services, etc.
  • Costs associated with a memorial service
  • Burial costs
  • Funeral home expenses
  • Cremation expenses
  • Embalming expenses
  • Caskets, urns, etc.

Annuities Insurance

What is Annuity?
An annuity is a fixed amount of money that you will get each year for the rest of your life. An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. It helps you to get a regular payment for life after making one lump sum payment or a series of installments.

Features of annuity
Below are some of the key features of an annuity plan:

  • Safe investment option

Annuity plans are low risk plans that are not market-linked. The amount you receive is guaranteed and is fixed at the time of the purchase of the plan

  • Financial security

Annuity plans provide you with an income for life. This helps you stay financially independent during your retirement

  • Flexibility
These plans offer you the flexibility to choose how you want to receive your income. You can choose to receive the income from the plan monthly, quarterly, half-yearly or yearly. Some annuity plans also offer you the flexibility to pay your premiums monthly, half-yearly, yearly or all at once as per your convenience.