LIFE INSURANCE OPTIONS FROM NIBC
Don’t leave the future of your loved ones to chance. Life insurance is the best way to provide for your family for years to come. Navigating the life insurance options can be tricky. Not only does life insurance provide financial assistance for your family after you’re gone, many life insurance policies offer other benefits and investment opportunities. NIBC is here to help you select the best life insurance policy for you and your family’s needs.
Term Life Insurance
Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It's generally less expensive than permanent (whole) life insurance and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
Whole Life Insurance
Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.
Universal Life Insurance
Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically but is usually guaranteed not to fall below a certain percentage.
- You recently married or divorced
- You have a new child or grandchild
- You have opened a new business
- You or your spouse’s health has declined
- You’re providing financial assistance to a parent, child, or grandchild
- You purchased a new home or refinanced your mortgage in the last 6 months
- You are paying for a child or grandchild’s education
- You need retirement income assistance
- You or your spouse recently received an inheritance
- You have a sizeable estate
Get A Free Insurance Quote!
If you have any questions regarding insurance options for yourself, your loved ones, or your employees give us a call today, or contact us to receive a free insurance quote!