Juvenile Whole Life Insurance - A Perfect Saving Option
Life Insurance is a sum payment either on the death of the insured person, or after a set period. There are many types of life insurance and solutions that Brewer Medicare makes available to customers.
Accelerated death benefit riders (ABR)* and long-term care insurance (LTCI) provide different types of benefits.
We use Foresters as our primary life insurance provider as their ABR is one of the best we've found:
Long-Term Care Insurance
There may be other differences between Foresters ABR and a specific LTCI product that you may want to consider before making a decision to purchase it.
*ABR is not available in all states.
Each of us will likely have to face the death of a close family member one day, and worrying about funeral costs will only add to the pain and grief. While there’s nothing we can do to ease the pain of loss, planning ahead can remove the financial burden of final expenses. Simplified Issued Whole life insurance. Geared toward the 65 and older market place with smaller face amounts typically $5,000 to $25,000. These types of policies are not fully underwritten but rather quick issue with no paramedicals. True guarantee issue plans are available.
According to the National Funeral Directors Association, the national median cost of an adult funeral, with viewing and burial, in 2017 was $8,7551 And, this cost does not include the cemetery plot, monument, flowers, obituary or other cash expenses, which could push the cost well over $10,000.
Simplified Issue permanent life insurance available to clients up to age 85. Clients with a lump sum as low as $5,000 can pay up a life insurance plan to help pay for burial expense and pass on wealth tax free. Geared towards the 60 and over market due to its simplified issue underwriting. No paramedicals required.
Flexible premium life insurance that can be structured to meet the goals and budgets of clients. Cash value is an option with Universal Life. Premium payments can be structured from one year to lifetime.
Similar in nature to traditional Universal Life Insurance. The biggest difference is how cash growth is accumulated. Instead of a stated interest rate cash grows based on the performance of a market index such as the S&P 500.
Covers the client for a term typically 10 to 30 years. It does not build up any cash value. It is typically sold as cheap death benefit needed for a specific period of time.
Copyright © 2020 Brewer Medicare Insurance Agency - All Rights Reserved. Licensed in:
**AR-19191034, FL-W631472, GA-33225191, KY-DOI1074623, MI-19191034, MN-40673904, NC-19191034, NJ-3000568329, NY-LA1549052, OH-1281187, PA-933885, SC-19191034, TN-2471731, TX-2497660, WA-1046531, WI-19191034
Powered by GoDaddy Website Builder