Life Insurance Basics

 There are different options when you purchase life insurance, depending on your needs and budget.

Term Life Insurance

Purchased when budget is an issue or if someone needs life insurance for a set period of time, such as when life insurance is needed until the children become adults. This insurance has a death benefit only, with no cash value. This is the least expensive type of life insurance. It is usually available in terms of 10, 15, 20 and 30 years.

Permanent Life Insurance

This insurance has a death benefit as well as a cash value.  There are two types of permanent life insurance, whole life and universal life.

Whole Life Insurance

This insurance is usually available without requiring a medical exam and will have a fixed death benefit and cash value. It also allows the option to take out a loan depending on the cash value at the time. This policy can be sold when the cash value is built up to a certain lever and the policyholder has the option to cancel for either a cash payout or to purchase a fixed amount of term insurance.

Universal Life Insurance

This insurance also has a cash value and the policyholder has the option to change the premiums and death benefit. There are universal life policies like indexed (tied to a stock market index) and variable (invested in stocks and bonds) UL. These policies do not have a guaranteed death benefit or cash value. It depends on the performance of the index, stocks or bonds. They also have the chance of high returns. There is one other type of universal life, guaranteed UL, that has a guaranteed premium and death benefit.

Of course, this is just a quick overview of life insurance. If you have any questions, please email me at gk407105@gmail.com or use the contact form on the lower right portion of the screen.

Why Do I Need Life Insurance?

 Many people probably ask themselves this question.  Here are some points to ponder.

Replace your income if you were not around.

I know that isn’t the most pleasant thought, but if you unexpectedly pass away, how will your family pay for:

mortgage and housing expenses

household debt

funeral expenses

childcare and healthcare expenses

Protection that is guaranteed

Your beneficiaries will receive a lump sum payment that is guaranteed by the insurance company.

A benefit that is tax free

The payment that you receive is generally tax free, so your beneficiaries will receive and can use the entire benefit.

Guaranteed cash value

If you purchase a whole life policy, your policy builds a cash value that is guaranteed to grow, and remember, tax free.

Potential for dividends

Even though not guaranteed, some whole life policies will always have the potential to receive dividends that you can take in cash, buy paid up additional insurance or pay towards your premiums.

Optional riders

Many policies will give you, at an additional cost, an option to purchase additional insurance, such as a chronic illness policy, pay your premiums if you become disabled or purchase coverage for your children.

If you have any questions about life insurance, please contact me at gk407105@gmail.com and I will be happy to discuss the options available to you.

 WHO AM I?

I would like to be your insurance guy for all your insurance needs.  Together we will work to make this process go as smooth as possible.  I will answer all your questions, review your current health plan and go over new changes in your health status so we can choose the best plan for you.

Are you under 65 years of age and need a good health care plan that meets you and your family needs? I'm here to help you work through the maze of trying to find the right plan for you and your family. My philosophy in life is, if you educate the client, they will feel much better about the choices they make.  They know their family's situation based on past, present and future needs. I am here to compare your current plans with your medical history and see how your current plan is working for you. I aways say if it ain't broke, don't fix it. 

Life Insurance. This is a good topic for the young folks. Why?  Because the premiums are cheaper when you are younger.  My appointments are free.  They can be done over the phone or in person.  I can answer all your questions and explain how it works, then we can follow up with a phone call with additional questions. 

If  you're over 65 or turning 65 in the near future.  I would like to help you transition into the new phase of your life. This includes reviewing of your health, medications, history and life style.  

Do you like to travel?  And, who doesn't? I have a terrific travel insurance plan I would like to go over with you to insure that you are fully covered.

I am here to help. Please contact me at gk407105@gmail.com 

I am located in the Heathrow and Lake Mary areas.

Hi, my name is George. I would like to be referred to as, "George, your insurance guy."
I am a former IT professional and now recently licensed in the state of Florida for
Property & Casualty (home and auto), Life, Health and Annuities. I believe that we are
all different in our health concerns as well as our lifestyles. I represent more than one
company and, what's more important to me, I will find a policy to fit your particular
needs, now and in the future. I would like to schedule a meet-and-greet appointment
with you to discuss your needs, at no cost. Please contact me to schedule an
appointment. Please email me at gk407105@gmail.com and | will get back with you.