|
Rubin Insurance
can provide Life insurance to cover your family's needs in the
event of your death, from funeral expenses to ongoing
financial requirements. There are several types of life
insurance that offer different coverage and payment options.
Our agency will assist you in getting a life insurance policy
that fits your needs.
How
Life Insurance Is Typically Used:
•For
any immediate needs at the time of death, such as final
illness expenses, burial costs and estate taxes
•For funds
for a readjustment period, to finance a move, or to provide
time for family members to find a job
•For ongoing financial
needs, such as monthly bills and expenses, day-care costs,
college tuition or retirement
The
Difference Between Term Insurance and Permanent Insurance
Term
insurance provides coverage for a specific period of time. It
pays a benefit only if you die during the term. Some term
insurance policies can be renewed when you reach the end of
the specific period. Others give you the ability to reenter.
The premium rates increase at each renewal date or each
reentry. Many policies require that evidence of insurability
be furnished at reentry for you to qualify for the lowest
available rates.
Initially,
premiums are generally lower than those for permanent
insurance, allowing you to buy higher levels of coverage at a
younger age, when the need is often the greatest.
Permanent
insurance is designed to be a lifelong policy and is known by
a variety of names. As long as you pay the necessary premiums,
the death benefit always will be there. These policies are
designed and priced for you to keep over a long period of
time.
Most
permanent policies, including whole life, universal life,
adjustable life, and variable life have a feature known as
"cash value" or "cash surrender value."
This feature, which is not found in most term insurance
policies, provides you with some options:
•You can
cancel or "surrender" the policy -- in total or part
-- and receive the cash value as a lump sum of money. If you
surrender your policies in the early years, there may be
little or no cash value. •If you stop paying premiums, you
can use the cash value to continue your current insurance
protection for a specific period of time or to provide a
lesser amount of protection to cover you for a longer period.
•You may borrow the cash value from the policy. If you do
not repay the loan with interest, your beneficiaries will
receive a reduced death benefit.
Keep in mind
that, with all types of permanent policies, the cash value of
a policy is different from the policy face amount. Cash value
is the amount available when you surrender a policy before its
maturity or your death. The face amount is the money that will
be paid at death or at policy maturity.
Whole
Life
This is the
most common type of permanent insurance. The premiums for a
whole life policy must be paid as scheduled in the amount
indicated in the policy. These premium amounts remain constant
over the life of the policy. The death benefit and cash value
are guaranteed as stated in the policy if premiums are paid
when due and there are no loans or withdrawals outstanding at
the insureds death. Quite often dividends may be credited to
this type of policy.
Universal
Life
This
variation of permanent insurance allows you, after your
initial premium payment, to pay premiums at any time, in
virtually any amount, subject to certain minimums and
maximums. You can also increase or reduce the amount of the
death benefit more easily than under a traditional whole life
policy. Typically, current interest rates are credited to the
cash value in this type of policy.
Life
Insurance Services The Life
Insurance Services at Rubin Insurance are designed not only to
provide a family with financial peace of mind or enhance a
company's economic security but also to achieve greater
objectives.
We work
closely with our clients to gain an understanding of their
needs and then develop innovative programs, using insurance
when appropriate as a vehicle to reach their goals. Our
extensive experience assists us in developing creative
solutions and effective strategies tailored to our clients'
specific needs.
Services
for Individuals
We assist
individuals and families in meeting their insurance needs.
Financial
Security Analysis
Estate
Creation and Liquidity
College
Funding
Supplemental
Retirement Planning
Income
Protection
Wealth
Preservation Planning
Estate
Planning and Future Asset Growth Calculation
Lifetime
Gifts And Bequests
Wealth
Replacement Trusts
Income
Replacement and Protection
Disability
Plans
Long-Term
Care Planning
Senior
Care and Services
Nursing
Home Care
In-Home
Rehabilitation
Services for
Business and Business Owners
We offer a
variety of creative insurance strategies designed to enhance
acompany's operations and to attract and retain valuable
employees. We also design strategies for business owners,
integrating their personal and business issues to develop the
most effective programs.
Supplemental
Group Insurance
Individually
tailored life and disability programs to supplement group
benefits packages
Executive
Benefit Retirement Plans
Plans
to complement government-regulated pension plans
Business
Succession Planning
Analysis
and Funding Alternatives
Buy/Sell
Agreements
Key
Person Protection
Business
Transfer Planning Strategies
Income
Replacement and Protection
Salary
Continuation
Business
Overhead Expense Insurance
Employer-Paid
Executive Disability Plans
|
