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Choice. Flexibility. Control. Not what you usually think of when it comes to life insurance? At the Howard Kaye Insurance Agency, we know that those who enjoy great wealth didn’t get there by taking a back seat when it comes to financial decisions. With Life Expectancy Insurance, you don’t have to hedge your bets. You can be in control of how much and when you will spend on life insurance.
Here’s how it works: you buy life insurance to last only through your life expectancy, a number you determine. For example, if you want to purchase a policy to last only 20 years, you may be able to do so at a much lower premium because you have eliminated the “mortality charges,” or the most expensive part of the policy at the later years. Even if the policy lapses or is surrendered before a death benefit is paid out, the policy owner receives the benefit of financial protection from a mortality event occurring during the time the policy was in force.
If at the end of 20 years, you want to extend the policy, you may do so by paying a considerably higher premium. The savings over 20 years, including interest, can be used to help cover the annual cost of continuing the policy at that time. Or, if at anytime you decide you want to restructure your policy, you may decrease or increase your payment according to the duration of the plan you desire.
You don’t have to overpay to an insurance company. Call Howard Kaye to design a policy you can manage.
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