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Types of Life Insurance We Offer Level Term Life This is a term life insurance policy in which the death benefit and premium are guaranteed to remain level for the entire term. With a level term life insurance policy, you can cancel at any time without penalty and the insurance company cannot cancel the policy as long as you pay the premium. When the term ends, coverage either stops or can be continued at increased premiums. (More about term life insurance) Return Of Premium Term Life Insurance This is a new product that offers a return of your premiums paid.* Premiums are returned at the end of the level period selected (for example 15, 20, or 30 years) provided your policy is still in force. The amount returned is equal to the sum of the premiums paid for the base plan of insurance and does not include any premiums paid for riders and/or sub-standard premiums. Universal Life Insurance This is a form of life insurance policy that offers the potential for cash value growth based on periodically declared fixed interest rates. Universal Life offers protection that can last a lifetime with the flexibility to choose between two policy designs:
Whole Life Insurance Whole Life Insurance features lifelong protection with guaranteed premiums, death benefit, and cash value. That makes whole life insurance the simplest of the permanent insurance options available. Some of the advantages of Whole Life Insurance are:
(More about permanent life insurance) 1. Guarantees apply to certain insurance and annuity products and are subject to the insurer's claims-paying ability and financial strength. 2. Aspire Financial Group, its agents, and representatives may not give legal or tax advice. Any discussion of taxes herein or related to this web site is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the facts and circumstances. You should consult with and rely on your own independent legal and tax advisers regarding your particular set of facts and circumstances. |
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Steven J. Podgorski, LUTCF d.b.a. Aspire Financial Group, 1720 Crofton Drive, Algonquin, IL 60102
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