- Term Life
- Whole Life
- Indexed Universal Life
- Long Term Care
- Long Term Disability
Death is a fact of life, without life insurance, what will happen to your family if you die unexpectedly?
Term life is a good, low-cost, high death benefit protection option. Term life insurance provides protection for a specific period of time called a term; it is most often sold in 10,15, 20 and 30 year terms, and the premium stays the same throughout the term. If the insured dies during this period, the beneficiaries receive the proceeds income tax-free.
Term is ideal for families seeking a large death benefit in the event of an untimely death. With a typical family income, needs are higher during the child bearing years. Unfortunately, when we die our debts do not, but with term life you can leave your family debt free.
We will design a term life policy that suits the needs of your family.
Whole life is a common type of permanent life insurance; with a whole life policy, your premium payments remain the same over the life of the policy.
You can choose how often you'd like to make premium payments, as well – annually, semiannually, quarterly or monthly.
If you have a family you need life insurance, it’s not a question of if, but how much?
Nunley Insurance will assess your life insurance needs and see if a whole life policy is right for you and your family.
An indexed universal life policy is designed for people ages 35 to 55 looking for a permanent death benefit.
Universal life insurance provides permanent life insurance protection and access to tax-deferred cash values.
Our associates will look at your finances and life insurance needs to see if an Indexed Universal life insurance policy is right for you and your family.
Seventy percent of people over the age of 65 will need long-term care sometime in their lives. Long-term care is any personal assistance you need to maintain your quality of life as you age. There’s a common misconception that other programs will cover long term care; however, the truth is health insurance does not cover long-term care expenses. Medicare covers some long-term care costs, up to 100 days after a three day hospital stay, and Medicaid only covers long-term care expenses for people with $2000 or less in assets
Paying for long-term care out of pocket can be quite expensive and is rarely cost efficient. Long-term care insurance may be your best option if you develop a chronic illness or become disabled and can no longer care for yourself for an extended period of time. At Nunley Insurance, we will help prepare you for the unexpected.
Serious illnesses or accidents can come out of nowhere. They can interrupt your life, and your ability to work for weeks, months or even years. Many doubt they will ever need long-term disability insurance, but the Social Security administration projects that one in four 20 year-olds will be unable to work before age 67 due to a disability.
Others believe that workers compensation will cover them; however, workers compensation only covers an individual if illness or disability occurs on the job.
The reality is fewer than 5% of illnesses or disabling accidents are work related.
We are committed to work with you to ensure you have the financial support to manage your disability and your household, should you become disabled.
Frequently Asked Questions
Q. Should I have life insurance and how much?
A. As with all insurance, life insurance policies are about preparing for the unexpected. We don’t plan to meet an untimely end but unfortunately loved ones die unexpectedly. There are few ways to prepare for the unforeseen. Life insurance provides a way for the unforeseen and supplies you with peace of mind. You should have a life insurance policy to financially protect your family. If you should die unexpectedly, your policy will help your loved ones pay your final expenses and receive ongoing support. The amount they receive will depend upon the size of your policy. Our associates will assess your life insurance needs and design a policy that fits you best.
Q. When is term life a good option?
A. Term life is a good option for those who want a large death benefit at an affordable premium so that in the event of their death the loved ones they leave behind can continue living the life style they are accustomed to. With a term policy the beneficiaries can pay off debts such as home loans and car loans or send children to college. Term life insurance is for a set amount of time or term. Typically term life comes in 10, 15, 20 and 30 year blocks. Your premium stays level throughout the term and should you die unexpectedly with in the term your loved ones receive a large sum of money. As we age our expenses should decrease, we get closer to paying off the house, children grow up and live on their own retirement accounts are more fully funded and debt is substantially decreased. This makes term a good option during the child rearing years when expenses are at their peak.
Q. What Is Permanent Life Insurance?
A. Permanent life insurance is a way to secure yourself financially in the long-term along with providing insurance protection for your family. Permanent life insurance has several important features that are not included in a term life policy. The central difference between term life and permanent life insurance is that term only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which continues to build up over the life of the policy. Other attractive features of a permanent life insurance policy include: the ability to borrow against a percentage of the accumulated cash value as needed, tax deferred cash value accumulation plan, life insurance up to age 100 and many more features. Speak with an associate today to see if a permanent life insurance plan is right for you.
Q. Who can I name as the beneficiary?
A. The beneficiary of your life insurance policy can be the person or persons for whom you wish to provide financial security and protection in the event of your death. Typically, beneficiaries are relatives or very dear friends. However, depending on your situation, you may prefer to name your trust or estate as your beneficiary.
Let's design a life insurance plan for your family
It can be scary to think about why you need life insurance. We understand your fears and want to work with you to develop a life insurance plan that will provide you and your family with peace of mind.