Life Insurance

Life Insurance is the foundation of financial security for you and your family. It protects your financial resources against the uncertainties of life so you can plan for the future.

Life insurance is a contract between an insurer and a person, or policy holder. The insurer agrees to pay a named person, or beneficiary, a designated sum, or benefit, when the insured person dies. It provides “peace of mind” that the insured’s death will not create financial hardship for beloved survivors.

There are two overall categories of life-based contract.

Protection policies generally provide a lump-sum benefit in the event of specified event, such as death. Term insurance is the most common.

In contrast, permanent life insurance policies—usually whole life or universal life policies, create financial growth of capital by regular or single premiums.

InsurAtlanta is committed to helping you assess your long-term financial needs and establish your financial goals. Howard will help you decide which type of life insurance is right for you.

Term Insurance is usually considered a protection policy, and provides coverage for a specified term. The policy does not accumulate cash value—it simply buys a lump-sum benefit when the insured dies. Term Insurance is like renting a house, you have a place to live but you’re not accumulating money for yourself. Additionally, every so often your rent goes up. With Term Insurance you have no equity and after a while the premium increases.

This policy is usually guaranteed renewable, and the three key factors are 1) the face amount, 2) the premium paid, and 3) the length of coverage.

InsurAtlanta will find the right insurer and coverage for your specific needs.

Whole life insurance is sometimes described as death benefit with a savings account. While this is overly simplistic, it is true that these policies allow tax-deferred accumulation of cash value for use when needed. Loans against this type of policy will accrue interest, and will reduce the death benefit.

InsurAtlanta is committed to helping you assess your long-term financial needs and establish your financial goals. Howard will help you decide which type of life insurance is right for you.

Universal life insurance is somewhat new, allowing for the combination of coverage with greater flexibility in payments.

Cash value, determined by premiums, interest, loans and surrender charges, is a prime consideration, but this policy type provides flexibility in both premium and death benefit.

InsurAtlanta is committed to helping you assess your long-term financial needs and establish your financial goals. Howard will help you decide which type of life insurance is right for you.

Survivorship life is paid upon the death of the second person when two lives are insured.

InsurAtlanta is committed to helping you assess your long-term financial needs and establish your financial goals. Howard will help you decide which type of life insurance is right for you.

 



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For decades insurance has been a necessary evil – a piece of financial protection that wise individuals won’t live without. And while it’s always been considered part of “financial planning”, most of the planning relates to the individual becoming disabled or meeting an untimely death and making arrangements for the family’s financial security if the unthinkable occurs.

Now families, individuals and business owners can add insurance products to their active financial planning tool kits –to improve their lifestyles, to increase their own net worth, and to enjoy life and prosperity even while they plan for retirement.

Learn more about the Circle of Wealth and the positive impact insurance products can have right now — not only when the unthinkable happens.

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InsurAtlanta, Inc., is an Atlanta-based agency advising clients on purchasing health, life, and disability insurance coverage, long-term care coverage, as well as customized plans for their financial future. InsurAtlanta brings more than two decades of extensive experience in long-term insurance and retirement planning for individuals, professionals, small business owners and families.

InsurAtlanta's Howard is both a Chartered Life Underwriter® (CLU), offering expertise on risk management to clients on topics like financial planning, insurance law, estate planning, and business planning; and a Chartered Financial Consultant® (ChFC), focusing on financial planning disciplines, including insurance, income taxation, retirement planning, investments and estate planning.