Term Life Insurance
It is a cost-effective form of life insurance offering coverage for a specified period of time (5-30 yrs). This type of policy may allow you to convert over to a permanent policy should your needs change. Consider this a policy you rent from your carrier.
Whether you are looking for an affordable life insurance option that provides maximum coverage or if you want to supplement your existing Permanent Life Insurance Policy.
Permanent Life Insurance
This type of policy covers you throughout your lifetime. Permanent life insurance includes Whole Life, Variable Life, and Universal Life products. Consider this a policy you own for the rest of your life.
If you want to purchase coverage that will not expire as you get older. You like the benefit of building cash value with your life insurance policy (Tax advantages are built-in) or whether you like the idea that your premiums will stay at a flat rate. You like
the flexibility in the options, and investment opportunities.
At EAL Investments & Insurance, LLC., we care that you, your family, and your business are ready to handle any hardship life may throw at you. We are dedicated to bring you the best coverage for Life, Disability, Long Term Care, and more. If this is your first policy, we represent some of the top insurance companies, which provide you with the right coverage at an affordable price. For our clients with an existing policy in place, we can review your policy with you, and provide consultation on ways to lower your cost of insurance, or find an insurance product with living benefits, dividends, and cash value.
Understanding your Life Insurance needs
Do you need Life Insurance?
If you have family, or someone who depends on you financially, the answer is probably "YES". Life insurance helps protect your loved ones during hardships. Whether the money is used to replace your income, cover funeral expenses, pay for mortgage or debt, or provide for educational expenses, life insurance gives your family financial security when they need it the most. Not only can it provide financial protection for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.
For those who do not have a family yet, it may be wise to lock-in your life insurance premiums at a younger age to avoid rising cost of insurance. It also allows you to obtain life insurance during your healthy years, which also brings down cost of insurance and improves insurability.
Life insurance policy review
If you realized the importance of life insurance and purchased a policy as part of your financial plan, you should realize how important it is to review your coverage on a regular basis. Determining if you are carrying the right amount of life insurance is likely to fluctuate at different times in your life so a review can help determine whether your goals and current coverage are still aligned. If you had a life changing event, or if you are not sure that your beneficiary designations are up to date, you can have your policies reviewed by one of our partners.
Life changing events include:
- A change in marital status
- Change in home ownership, including refinancing, purchasing a new or second home
- A death in the family
- Change in financial status, including a new job, increase/decrease in pay, or loss of income
- Retirement
- Birth or adoption of a child
- College expense planning
- Estate planning
- Moving into a nursing home/in-home care
- Taking care of elderly parents
- Ownership of business
Some of Our Carriers
