Life Insurance
An indispensable and fundamental part of every sound financial plan. No other financial product can do what life insurance can do for you
Term Life
Term Life insurance is similar to leasing a car. When you lease, you own nothing at the end of the term, but you had a car to drive. Likewise when you buy term life insurance, it runs at a fixed premium for the term of time you have chosen. It’s an inexpensive way to get protection at the outset however with each succeeding term the costs increase at a faster rate. These types of policies do not help accumulate any wealth but should the policy holder die during the term, their family is guaranteed to receive the amount equal to the coverage they bought – regardless of how much you paid into it
Whole Life
Whole life Insurance is similar to buying a car. When you own, the expenses are higher initially, but it all belongs to you. When you buy Whole Life insurance, you are investing in permanent insurance that offers protection at a set premium for life. The insurance company manages your policy, and builds up the death benefit and cash value in a tax-advantaged setting
Universal Life
Universal Life insurance is similar to Whole Life, but it provides more flexibility by allowing the policy owner to shift money between the insurance and savings components of the plan. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their own discretion
Majers Life has partnered with 15+ carriers to offer a broad range of insurance options, as well as a quick and helpful shopping experience. Our goal is to provide you with outstanding service now and for years to come. Get in touch to set up an appointment or use the contact form to ask a question – we are here to help!
