Life Insurance

The only person who is going to protect your family is you. Take the necessary steps today to ensure your family's tomorrow.

MYTH: Life insurance is too expensive.


For this reason, many people don’t get life insurance because they believe it’s too expensive, which is not true.

Eases Your Financial Worries

Check your worries off your list and keep your family protected.

Life insurance is your financial saftey net in case of the unexpected…

In this fast world, anything can happen to anybody. You buy life insurance not because you might die unexpectedly in the future, but because the ones you love are going to live on with the help of life insurance. With it, your family can continue the life they’ve grown accustomed to while providing longer-lasting financial security in case of a sudden passing.

Tips for getting the best life insurance quotes:


    • Work with a licensed insurance professional


    • Discuss whether a term policy or a permanent policy best meets your needs


  • Analyze your family’s living expenses, including debt obligation


  • Add to end of life expenses


  • Subtract the value of investments and savings


  • Select the amount of life insurance coverage needed for your circumstances (General Rule of Thumb: it is recommended to pick a policy based on 8x or 10x your current salary though this may be too little or too much as everyone’s individual situation is unique)


There are many kinds of life insurance, but they usually fall into two categories: term life insurance and permanent life insurance.


    •   Term life insurance is designed to meet temporary needs. It provides protection for a given period (the “Term”) and pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.


    •   In contrast, permanent life insurance provides lifelong protection. As long as you pay the premiums and no loans, withdrawals or surrenders are taken, and the full face amount will be paid. Because it is designed to last a lifetime, Permanent life insurance accumulates cash value and priced for you to keep over an extended period.


It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals.


Life insurance is not for yourself but taken as a protective cover for a gap left in a financial inflow due to the death of an earning member. In this case, there is no product other than life insurance that can cover this.


So, then why should you buy life insurance?


    •   In the event of premature death, securing the financial future of your loved ones is one of the primary purposes of life insurance. Life insurance offers financial support to the family in case of the breadwinner’s death. Whether it’s for replacing lost income, paying for your child’s education, paying for funeral costs, or making sure your spouse gets the much-needed financial security, life insurance could save the day for your surviving dependents.


    •  Some insurance policies have added tax benefits at entry, for earnings, and at exit. The premium paid on your insurance policy is eligible for tax exemption under Section 80C of the Income Tax Act.


  •   It also builds guaranteed cash value which will equal the face amount of the policy at age 100. So if you have a coverage of $100,000 and you are still alive at age 100, the insurance company will void your life insurance policy and pay your coverage of $100,000.


  •  Who would handle your financial liabilities (e.g. home loan, car loan, personal loan, and mortgage) during a crisis when you are no more around? Life insurance can save your loved ones during such a situation.

When it comes to life insurance, many people don’t consider it necessary thereby believing they’re throwing away money if they invest. Life insurance is not throwing away money as some fear it may be, it’s basically like putting away money in a jar, but that jar is doubling it day after day.


Let’s say tomorrow your house was to burn down. How badly would that affect you? If you have millions of dollars sitting in a savings account, it’d be no big deal. You’ve self-insured yourself against this kind of catastrophe. If everything you own is in that house, it’d probably hurt quite a bit. Since the loss of your home would be devastating, it’s a good idea to buy homeowner’s insurance to make sure that should the worst ever happen; you won’t be living on the street.


Now let’s apply that same thinking to life insurance. When it comes to life insurance, you’re really asking the same questions, except relating to your death.


Questions to ask yourself if purchasing a life insurance policy is worth it:


    •   What would happen if I died? Would life go on more or less as usual?


    •  What is your situation? To what degree are the people you care about dependent on the resources you provide to survive?


  •   Are there things you want to make sure happens, like sending your kids to college? Will they still be able to do those things if you die, or are those plans impossible when you’re not in the picture?


At the end of the day, only you can answer these questions. You’re buying peace of mind and safety for your family, just as you are with any other kind of insurance. Whether you think that’s a waste of money or vital depends on your own perception of risk and how devastating your death would be.

Here’s a food for thought: the younger and healthier you are, the more affordable your rates may be. Insurance premiums tend to go up by the age of 35. How much life insurance you need though depends on what stage of your life you’re at, and the response varies a lot.


Here are five key reasons why you should consider life insurance even if you’re single, young, and healthy:


    • 1)   Covers loans for personal or business so your family members won’t be burdened by outstanding debt


    • 2)   Divorce settlement


  • 3)   Financial planning


  • 4)   Pay off reverse mortgage if you want the property to stay “in the family”


  • 5)  Fund a buy-out between business partners in the event of a death


Dependent upon your stage in life, a term life insurance policy may be the best option as this plan is temporary and the cheaper option. But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.

Different Types Of Policies

Compare and choose the best one that fits your needs.

Term Insurance


The simplest, least expensive and most widely applicable type of life insurance, a term life insurance policy offers financial protection for a specific tenure. In the case of death of the policyholder, his nominee will get the sum insured to lead a financially secured life. However, if you survive the policy tenure, you have to forgo the entire premium.

Permanent Insurance


This policy offers the policyholder the coverage during their lifespan. Under this life insurance policy, they pay the premium regularly until death, upon which the dependent is paid a lump sum amount. The policy expires when the insured dies. The main advantage of this plan is the fact that the insured gets coverage for a lifetime.

Universal Insurance


Universal life insurance provides flexible benefits combining low-cost life insurance protection along with a saving element which is invested in building up cash value. This policy allows the policyholder to move money between insurance and investment component of the policy which enables to increase the value of the death benefit.

Your business is important to you.

You’ve put a lot of hard work into your business. So let us help you protect your business from unforeseen risks with the right coverage. We will work with you to help you find the best price.