Fortner Insurance understands the sanctity of life, your family, and protection that Life Insurance provides for peace of mind. People buy these policies because they realize the need of protection for their families; or for a reserve for emergencies and additional income for later. The function of these policies provides beneficiaries with the basis of protection and financial stability after the insured of the policy dies. Did you know it can also be a form of savings if you purchase a plan, which offers the options of contributing to it regularly?
With a life insurance policy you can:
- Provide security for your family
- Protect your home mortgage
- Take care of your estate planning needs
- Help create a Buy/Sell in a business partnership
Term life insurance is called term because it provided coverage for a specific period of time; most often 1-30 years. It is the most straightforward type of life insurance and the easiest to understand. If you are looking for the maximum amount of coverage for your money, consider term life insurance as premiums are at their lowest in years. If death should occur during the term, the policy pays cash benefits to the beneficiary.
The term that is right for you depends on many factors, such as the age of your children, or if you want to continue to pay for coverage once you retire. We understand what it means to be YOUR AGENT, and are here to take care of your life insurance needs and can review and suggest the best plan for your protection.
Fortner Insurance is your personal advisor and dedicated to you while delivering the best quote and information. Unlike term life insurance, whole life insurance is a permanent life insurance which provides endowment upon policy maturity that is equal to the death benefit. Whole life insurance accrues cash value over time. You can borrow cash value as a loan. The money has to be paid back, but there is no approval process or risk of being turned down. You are your own lender. Some whole life insurance pays dividends so you can supplement your retirement income.
Universal life insurance is permanent life insurance that offers many features of whole life, but allows greater flexibility with term life into one contract. This type of life insurance generally offers flexible premium payments, and allows the policy holder to make changes by breaking down the death benefit and cash value into separate components. It protects the policyholder until death and like, whole life insurance, universal life insurance accrues cash value over time. Just like you have many options for life insurance, as Fortner Insurance advisors, we review dozens of polices from the many insurance companies we represent and bring you the best choices for all your insurance needs with your personal goals in mind.
"If I die, you buy. If you die, I buy."
Buy/Sell insurance is one of the best ways to assure the continuation of your business in the event of a partner’s death. Many businesses get buy/sell insurance as a form of business protection or business insurance. This buy/sell insurance is generally accompanied by a buy/sell agreement that requires any surviving partner(s) to purchase the remainder of the business in the event of a partner’s death. This transaction is typically done through a life insurance policy carried on each individual owner.