Broker Check

Life Insurance

What is Life Insurance?

Life Insurance is a contract in which an insured takes out a policy that will pay out a sum of money either on the death of the insured person or after a set period. 

Popular Types of Life Insurance

Term Life Insurance guarantees:

  • Guarantee of a fixed amount of time that the coverage is in place. Coverage can typically be purchased for 10 years, 15 years, 20 years or 30 years.
  • Guarantee of the benefit. If you purchase a specific amount for a death benefit, then your beneficiary will receive that amount.
  • Your premium will not change. For the term life of the policy, you will not see any increase in cost for the death benefit that you purchase.

Universal Life Insurance guarantees:

  • Death Benefit will not decrease
  • Your premium will not change, however, with Universal Life, you may fund the policy with an additional premium. If additional funding is made, the policy may realize an accrued cash value. Cash value is not a guarantee, however.
  • Permanent insurance – unlike term life, this policy is permanent coverage and taking into account our normal life expectancy, the benefit will be there whenever you pass away.

Whole Life Insurance guarantees:

  • The premium will not increase
  • Death Benefit will not decrease
  • Accrual of cash value. Cash value can sometimes be used to offset the cost of insurance or can be borrowed against.
  • Permanent insurance – unlike term life, this policy is permanent coverage and taking into account our normal life expectancy, the benefit will be there whenever you pass away.

Term & Permanent Life Insurance

A comparison to help you determine whether to buy term insurance, permanent insurance or a combination of the two.

Article

Getting Your Affairs in Order

10 steps for creating a smart end-of-life plan.

Article

Life Insurance & Student Debt

A life story of the Importance of Life Insurance when you have Student Debt.

Article

Carriers We Work With

Image result for protective life    Image result for principal life    Image result for companion life    Image result for lincoln life insurance   Image result for prudential lifeImage result for genworth logoImage result for midland national Image result for aig life insuranceImage result for john hancock life insurance

Your Life Insurance Contacts

Paul  Doran

Paul Doran

Owner & Consultant

603-569-6464 x101

603-569-8664

Dianne  Chase

Dianne Chase

Consultant, Notary & Manager

(603) 569-6464 x102

(603) 569-8664

Nancy  Papp

Nancy Papp

Consultant & Notary

(603) 569-6464 x103

(603) 569-8664

Amanda  Rydlewski

Amanda Rydlewski

Consultant & Notary

(603) 569-6464 x104

(603) 569-8664

Rhonda  Alden

Rhonda Alden

Consultant

(603) 569-6464 x106

(603) 569-8644