We at the Fischer Financial Group, Inc., specialize in all types of life insurance policies.
Life Insurance is a policy that pays a death benefit to beneficiaries if the insured dies. In return for this protection, the insured pays a premium.
Term Insurance pays off upon the insured's death but provides no buildup of cash value in the policy. Term premiums are cheaper than premiums for cash value policies such as Whole Life, Variable Life, and Universal Life, which pay death benefits and also provide the buildup of cash values in the policy. The cash value builds up tax-deferred in the policy and is invested in stocks, bonds, real estate, and other investments. Policyholders can take loans against their policies, which reduce the benefit if they are not repaid. Some life insurance provides benefits to policyholders while they are still living, including income payments.
Did you know that less than 5% of all term life insurance policies are ever used for their death benefits? Wouldn't you like to get all your money back when you don't die?
Welcome to the new term insurance, Return of Premium Term Life Insurance. It's as simple as that. If you don't die by the end of the term you receive all your premium back guaranteed and tax-free.
Issued by "A+" rated companies, Return of Premium Term Life Insurance is fast becoming the most popular option in life insurance. At the end of the term, either 15, 20, or 30 years if you are still alive you get back every penny, guaranteed and tax-free, after all it's simply your money being returned to you.
In addition, the policy may be fully convertible which means at any time during the term the policy may be exchanged for a permanent policy issued by the same carrier without evidence of insurability.
