Life Insurance

Financial Security For Your Family

Tammi can help you find the best life insurance to leave your family financially stable. Call Boshes Weinfeld Insurance Agency, Inc. for a FREE proposal!

What Is Life Insurance?

You probably don't think about life insurance that much. If someone depends on you financially, however, it's a subject you can't avoid. In the event of a tragedy, life insurance proceeds can:

• Pay for funeral costs
• Help pay the bills and meet ongoing living expenses
• Pay off outstanding debt, including credit cards and the mortgage
• Continue a family business
• Finance future needs like your children’s education
• Protect a spouse’s retirement plans

There are a variety of different individual and/or group life insurance policies available for your employees, and these policies generally fall into two categories: Term Insurance and Permanent Insurance. Tammi can guide you through each policy to see which one suits your needs best.

Term insurance is the most affordable type of insurance when you purchase it initially. What this does is provide protection for a specific period of time (hence, the "term") and will generally pay a benefit only in the event of death during that term. This type of insurance is best for those who need coverage that will disappear at a specific date.

Employees may decide that they only need coverage until their children graduate from college or if a particular debt is paid off (mortgages, car loans, etc.). There are a number of group term insurance policies you can choose from.

Permanent insurance, also called "whole life" insurance, provides lifelong protection. As long as the premiums are paid, and no loans, withdrawals, or surrenders are taken, the beneficiary receives the full amount. This type of insurance is designed to last a lifetime, and permanent life insurance accumulates cash value.

Some of your employees may prefer this policy, and this benefits you as the employer since it's priced to keep over a long period of time. We can discuss the options for group permanent insurance for your employees and what takes place when and if your employees leave your company.

It's up to the employee to decide which type of life insurance is better, and sometimes a combination of term and permanent insurance does the trick. As the employer, you'll be able to give them a variety of options to make them feel proud working for you.

Whether you're a group or individual, Tammi can assist you with the best plans and polices available.