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Individual Life Insurance

Life insurance from Helga Rivera Insurance can help you secure your family’s financial future by providing the funds they need to: cover burial expenses, uninsured medical bills, pay off your mortgage and other outstanding debts, and maintain a comfortable standard of living.

There are a variety of life insurance policies that we can provide. The kind of policy you choose depends on your needs:

Indexed Universal Life insurance

Indexed Universal Life Insurance offers many of the same features and benefits of traditional, or fixed, Universal Life Insurance, along with indexed interest that may be credited, in part, based on the performance of an underlying stock market index over a period. These indexed interest crediting strategies provide clients the potential for higher interest crediting rates than traditional Universal Life, while the guaranteed* minimum interest crediting rate, or floor, protects the account value from market downturns.

Indexed Universal Life is often marketed as an ideal product for individuals with a more moderate risk tolerance – they recognize the advantages of long-term equity performance, but they also value protection from the volatility of the stock market.

*All guarantees subject to the claims paying ability of the issuing insurer.

Term Conversion

The conversion rights on many term policies guarantee that for a specified period and/or up to a certain age, the policy can be converted to a permanent plan for the equivalent amount of coverage without having to provide additional evidence of insurability.

Permanent life insurance coverage can be important to your client’s overall financial plan. When your clients convert their term insurance coverage, they can take advantage of several benefits:

  • Lock in permanent rates now while they are young, and premiums are affordable
  • Permanent products offer a guaranteed death benefit and level premiums for the life of the policy.
  • Term conversions do not require medical or financial requalification.
  • The opportunity to build cash value, for loans or withdrawals on the policy to help supplement retirement or other future cash needs.

Term Life Insurance

Term life insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a limited number of years. The insurance expires without value if the insured lives beyond the policy period, usually 5 to 20 years. Other policy life periods are available, including one-year annual renewable term.

Term insurance premiums will not increase during the guaranteed policy time period (term) you select. Term life insurance pays a death benefit only if you die during that term. Term insurance generally provides the largest insurance protection for your premium dollar.

Term life Insurance remains in force for as long as premiums are current, provided there are no misrepresentations on the application. The insurance coverage terminates if you discontinue your premium payments.

Universal Life Insurance

Universal life insurance is characterized by great flexibility. Policyholders can determine the amount and frequency of premium payments (i.e. the more you pay, the less time you will need to pay). Your premiums cover the insurance part, as well as the savings or investment element and the expense part. The stated interest on the investment portion changes along with movement in interest rates; moves in 1/4 % interest steps are typical as banks and other financial institutions make similar moves.

Whole Life Insurance

Whole life insurance provides permanent protection for the whole of life, from the date of policy issue to the date of the insured’s death, provided that premiums are paid. Premiums are set at the time of policy issue and remain level for the policy’s life. Unlike term insurance, whole life combines insurance protection and savings or cash value which builds over time. Cash value build-up may provide a source for living benefits, for example, helping pay off a mortgage, or a child’s education, or cash surrender value if the policy is ever canceled.

These products are continually changing, and we can provide you with the latest information and policies available!

Helga Rivera Insurance offers free, comparative quotes on Individual Life Insurance from multiple insurance carriers so you can get the best possible rate.

Want to see how much we can save you? Just request a quote to find out.