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Life Insurance is a contract with a life insurance company and in return for making periodic premium payments the life insurance company agrees to provide a beneficiary with a certain amount of money, usually called a death benefit, upon the death of the insured. Premium amounts are determined by age, gender, occupation, medical history, life style, length of coverage, and amount of coverage.

Disability Insurance provides financial protection by replacing income that is lost if the insured is diagnosed with a chronic or disabling condition and becomes unable to work and/or perform average daily activities resulting in the need for constant supervision.

Long Term Care Insurance prevents income loss if the insured can no longer work and requires the assistance of others to perform average daily activities. The benefits paid are often used to supplement/offset the high cost of assisted living centers and nursing homes.

Fixed Annuities are insurance products that accumulate value based on a declared interest rate that is determined by the insurance company. A higher interest rate is usually offered in the earlier years. The interest rate is subject to change in the later years but cannot drop below the stated contractual minimum.

Business Continuation Planning establishes instructions for what to do with a business when the owner or a key person retires, falls ill, or passes away. Often the business is passed down to heirs, sold to individuals within the company, or sold to a friendly competitor. Life insurance often plays a key role in a business continuation plan as the funding source for a buy/sell agreement.

Estate Planning is the process of making arrangements to protect dependents, secure assets, and cover estate taxes in the event of your passing. Estate plans eliminate the uncertainty of who will care for your minor children, avoid or speed up probate proceedings, and help determine how much will be needed to cover your death taxes. Life insurance is a tool commonly used in an estate plan.

Policy Auditing is the practice of evaluating and appraising an individual’s current life insurance coverage to determine if the coverage still meets the individual’s needs. The continual changes in the life insurance industry and life events such as marriage, the birth of a child, or the purchase of a new home often cause an individual’s life insurance needs to change.