Life Insurance

Term

Term insurance provides coverage for a specific length of time and has no cash value. It may have terms of 5 to 30 years.

Whole Life Insurance

Whole life insurance accumulates cash value over time. The death benefit and the premium remain fixed for the duration of the policy.

Other Types of Permanent Insurance Include

  • Universal Life
  • Limited Pay Life
  • Endowment Policy

IRA

An Individual Retirement Account is a retirement plan that provides a tax advantage for retirement savings. There are several types of IRA's including:

  1. Traditional (tax deductable)
  2. SEP (Simplified Employee Pension

Roth IRA

A Roth IRA is a type of IRA that is free from taxes when the money is withdrawn.  Contributions are not tax deductible.

Annuity

An annuity is a financial vehicle where one makes a regular contribution or a lump sum contribution. You may begin withdrawals as early as 59-1/2 years of age.

Medicare Supplement

Medicare Supplement provides private health insurance for individuals age 65 and older.  Medicare Part D Coverage is available for the prescription drug coverage.

LTC - Long Term Care

Generally, this is a policy for individuals or couples over age 65 who need long term care for basic activities of daily living, i.e. dressing, bathing, eating, toileting, etc.  LTC covers home care, assisted living, hospice and nursing homes.  The premiums are based on the age of the insured, waiting period, dollar benefits per day and policy duration. 

Please call (630) 960-2600 or email  This email address is being protected from spambots. You need JavaScript enabled to view it.  or This email address is being protected from spambots. You need JavaScript enabled to view it. .