Life insurance for Business
Life insurance can be a valuable way to protect the future of your business. Whether you have business partners and need to fund a buy-sell agreement or have key-employees who’s absence could be detrimental to the future success of your company, life insurance can be the vehicle to ensure your company doesn’t end abruptly. We understand how important it is to have a plan in place for whatever the future throws your way.
Life Insurance for Individuals & Families
In a world of many uncertainties, life insurance will secure the financial stability of your family if you were suddenly gone. Many households of today rely on two income streams in order to pay the bills, what if one of them was suddenly gone? Protecting your personal loans and mortgages with life insurance will provide your family with the means to pay off these debts and in turn leave them with assets instead of liabilities.
At The Christopher Bowers Agency, we have integrated technology that will allow you to obtain life insurance quotes within a matter of minutes directly from our website and then complete the life application from your phone, tablet or computer. The days of hand filling out 50-page life applications are behind us. We understand the importance of efficiency & accessibility and we strive to provide you with a new age of insurance.
Term Life Insurance
Term life insurance is life insurance for a certain period of time. You get to chose the “term” when you buy the policy and common terms are generally 10, 20, or 30 years. Term life insurance is typically the most cost effective type of life insurance and is perfect for protecting your personal, family or business debt. A great way to protect a 30 year mortgage on your families home would be to purchase a 30 year term life insurance policy. If you were to pass during that term, the death benefit from the policy would allow your family to pay off the mortgage.
Whole Life Insurance
Whole life insurance, also known as permanent life insurance, generates a cash value over the years as you pay your premium. You have the ability to borrow against or surrender your cash value if you no longer have a need for life insurance.
Universal Life Insurance
Universal life insurance is also permanent life insurance. As long as your premiums are paid, UL insurance will pay upon your death. Universal life insurance carriers also invest your premiums each year and based on the performance can increase your death benefit or even pay your premiums.
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