Secure Your Family's Future with Life Insurance
Life insurance isn't for you; it's for those you leave behind. At Eager Health Life & Annuities, we help you determine the right coverage to ensure your family's financial security. Our options include term life and whole life insurance in Connecticut.
Why Life Insurance is Essential
Life insurance is fundamental because life goes on, irrespective of our presence. While life insurance can't always make our loved ones rich, it ensures that the bills are paid even after our demise, providing much-needed financial stability for your family.
Income Plans from Life Insurance
You can structure your life insurance to create a stream of income that begins in your middle years or upon retirement. We collaborate with top insurers to offer you the best options and help you implement a plan tailored to your needs.
Types of Life Insurance
Whole life insurance covers an individual for their entire life, typically accumulating cash value over time. If the person lives long enough, the policy's cash value can equal or even exceed its original face value. However, policies vary, and adhering to terms and conditions is crucial to achieve the desired results.
Whole Life Insurance
Whole life insurance covers an individual for their entire life, typically accumulating cash value over time. If the person lives long enough, the policy's cash value can equal or even exceed its original face value. However, policies vary, and adhering to terms and conditions is crucial to achieve the desired results.
Term Life Insurance
Term life insurance provides coverage for a specified period or "term," such as 10, 20, or 30 years. Unlike whole life insurance, term policies do not accumulate cash value. While term life insurance is usually more affordable, renewal after the term can be costly.
Universal Life Insurance
Universal life insurance offers lifelong coverage without usually accumulating cash value. It provides flexibility in adjusting premium payments and death benefits, but insufficient payments over time can close the policy.
Indexed Life Insurance
Indexed life insurance, available in both whole life and universal life forms, pays interest based on the performance of indices like the S&P 500 or Dow Jones Industrial Average. These plans generally guarantee a non-negative interest rate, even if the index performs poorly. Indexed life insurance serves a dual function: providing life insurance coverage while acting as a savings or investment tool.
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For more information about our life insurance plans, please contact us. Always seek advice from your professional tax and/or legal advisor before making any decisions.
