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“Are You 100% Sure You’re Going To Have A Great Retirement or Do You Have Some Doubt?”  We’re living in a time where it seems doubt is all around us. But your retirement doesn’t need to be subjected to that doubt. The Your Family Bank Debt Free concept provides a…

A Fixed Index Annuity is also issued by an insurance company. Like fixed annuities, they also protect against loss and can offer a fixed rate of return. However, they also offer the ability to generate interest by virtue of earning interest based on changes in a market index (ex: S&P…

Also known as a Buy-Sell agreement, a Cross Purchase agreement is a document that allows a company’s partners (or shareholders) to purchase the interest of a partner who passes. Under this type of agreement, life insurance is purchased on each partner to cover that individual in the event of death…

For sole proprietorships or corporations, Key Person insurance covers the owner or key executive to ensure business continuation in the event of that person’s death. By purchasing this type of life insurance, the business can plan to proceed by utilizing the death benefit proceeds to replace that key individual. In…

A major concern of business owners is the continuation of their business should they unexpectedly pass. This concern is shared by sole proprietorships and partnerships alike. A sudden passing of a top individual can cause stress for their family, employees and customers alike. Planning for an unexpected exit can put…

Another type of “permanent insurance”, often referred to as “adjustable life insurance”, Universal Life offers potential cash value growth while offering premium flexibility. The excess of premium payments above the cost of insurance is credited to the cash value of the policy, which is credited with interest. Interest is usually…

Also known as “permanent insurance”, Whole Life insurance is guaranteed to remain in force for the insured’s entire lifetime, providing required premiums are paid or when the policy matures. The premiums will not increase and cannot be cancelled due to health or illness issues. Whole life not only offers a…

Often called “pure life insurance”, Term Life insurance lasts for a set time period chosen when the policy is purchased; typically 10, 20 or 30 years. The premium stays the same during the term, as does the death benefit (which is tax free). There is no cash value associated with…

We never know what life has in store. In today’s world, it is very important to know that there are some things you don’t have to worry about. Many people know they need life insurance, but they are not sure of why they need it or how much it should…