Life Insurance

Life Plans for Peace of Mind

It’s no secret that life insurance plans, whether it’s for you, your family, or your employees, can seem overwhelming. Our agents keep a finger on the pulse of life insurance so that we understand the changing climate of life insurance in CT.

Life Insurance Coverage

Life insurance is an essential part of financial planning. It is designed to provide a death benefit to the policyholder’s beneficiaries in the event of death. The benefit can then be used to pay for funeral expenses, pay off remaining debt, and replace the loss of family income. Generally, there are two types of life insurance.

   Term Life Insurance

The policyholder will be insured for a determined period of time, for example, 5, 10, 20, or 30 years, and the premium is fixed for that period. If the policyholder dies within this time, the death benefit will pay out. If the policyholder does not pass away within this time, no benefit will be paid, and he/she will have the option to renew their policy.

   Permanent Life Insurance

The death benefit is paid out regardless of when the policyholder dies. Although generally more expensive than Term Life insurance, Permanent Life Insurance is more flexible which can be designed to accumulate tax-deferred cash and surrender value that you can borrow against.

COVID-19: We are operating business as usual but to ensure the health and safety of both our staff and customers, all of our agents and support staff are working remotely. Our agents can help you in any way you need from their home offices. Please click here to access the staff directory as email is the quickest way to communicate with us. There is limited staff answering the phone, but if you call the office someone should be able to help get your call to the right place. We thank you for your patience in these trying times.