| Life
Insurance
Term
Life Insurance 
Term life insurance is the least expensive type of policy.
It is insurance with no cash value. A term life policy has
only one function to pay a specific lump sum upon your death.
Level term plans are available with level premiums for up
to 30 years.
Permanent Life Insurance
This type of coverage is designed to last for a longer period
of time than a term policy. It can be the policy that you'll
keep for the rest of your life. Since it has a cash equity
account and the funds grow tax deferred in the policy, it
can be used as a retirement supplement. Permanent life insurance
includes whole life insurance and universal life insurance.
Key Person / Buy Sell Life Insurance
Key person insurance insures against loss of a key executive
or business partner. It can also be used to purchase the business
interest of a partner or shareholder. If you are a business
purchasing life insurance for key person needs, then the cash
equity can help a future stock buy back.
Business Succession & Continuation Insurance
Business Succession and Continuation Insurance is a special
use of life insurance and disability insurance which protects
your company from financial loss caused by the death or long-term
disability of a key employee.
Second-To-Die Life Insurance
This form of insurance is used as an estate-planning tool
that pays a death benefit only upon the death of the insured
that survives the longest. Second to die life insurance main
purpose is to pay estate taxes upon the death of the second
insured.
McLain,
Pierce and Associates, Inc.
Phone: (407) 323--8142
Toll Free: (800) 330-3562
Fax: (407) 321-4292
E-Mail: mcp@insurefl.com
Contact
Us
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