No one is here forever. Acquiring the right type of life insurance is a strategic plan for the future wellbeing of your family. It can help you provide stability for your loved ones in the years to come. PRIME Insurance can help you find a policy that fits you and your family’s unique situation.

 

Life’s Circumstances Evolve. Your Policy Should Always Reflect That.

 

You should be equipped with a fitting life insurance policy that is in line with your individual needs as well as your financial ones. As life’s circumstances change, the coverage on your policy should likewise be modified.

What are some changes that may prompt a coverage adjustment?

 

 

Every person is unique – talk to us today to find out how to get the best price and value on Deal, NJ Bond Insurance for you.

 

• You got married/divorced

• You established a new business or expanded on an existing one

• A new child was born to you or you have a new grandchild

• You or your spouse have experienced a decline in health

• You provide long-term care or fiscal help to your parent, child or grandchild

• You bought a new house

• You are preparing for the schooling of your child/grandchild

• Your retirement revenue is of concern

• An inheritance was recently bequeathed to you or your spouse

• In the past six months your house has been refinanced

• You own considerable assets

 

What Is Important for You to Understand

 

PRIME Insurance is here to help you. We can offer a selection of optimum life insurance coverage for your needs while guiding you in your decision. Though different types of life insurance products exist, the most commonplace are:

 

Term Life Insurance

 

This offers coverage for a particular timeframe. Term life insurance is a good starting point for someone who presently does not have life insurance. It’s generally less costly than whole or permanent life insurance, and can be acquired with fixed premiums for differing periods of time – from an annual renewable term (one year) to a level term (twenty-year) timespan.

At times, term life insurance can be converted to permanent, permanent coverage, accommodating your life as transformations take place.

 

Whole Life Insurance

 

This is a type of permanent life insurance that stays with you throughout your life – as long as you maintain the premium’s payments. Whole life insurance may be viewed as a chance to invest. This is because many such policies build up cash value as time goes on.

 

Universal Life Insurance

 

This is a type of whole life insurance that is differentiated by its accommodating premium fees, face sums, and non-bundling unbundled rate arrangement. Universal life insurance can earn an interest rate that builds cash value with its periodical adjustment. It generally will not fall beneath a specific interest percentage.

 

Speak to us at PRIME Insurance to find out about tailored life insurance that offers optimum protection.

 

What are the Benefits of Life Insurance?

 

The right life insurance allows you to plan for both the present and future. Besides providing for your family following your demise, it can present other advantages, as well as investment prospects for now.

 

Life Insurance Death Benefit

Your life insurance policy provides nontaxable revenue to those you name as your beneficiary. It can be utilized for funeral expenses, outstanding debt, school tuition, estate taxes, or for anything else. It can secure your business as well by allowing any partners to purchase the deceased’s portion. This may avert bankruptcy, etc.

 

Living Benefits

The cash value advancement of a permanent or whole life insurance policy is tax-deferred and is not subject to taxes. If, however, you use cash value of this type of policy for a loan or withdrawal to assist in paying for things like a home’s down payment or school tuition, you are responsible for tax payments on it

 

Life insurance requirements are as unique as the person as it is bought for. Speak to a PRIME Insurance agent about how you can find tailored coverage for you and your family.