LIFE INSURANCE
What Is Life Insurance?
Life insurance is a contract between an insurance company and a policy owner in which the insurer guarantees to pay a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums the policyholder pays during their lifetime.
Exerpt from: Life Insurance: What It Is, How It Works, and How To Buy a Policy (investopedia.com)
Why should I talk to an agent?
Understanding how life insurance works and how to shop for a policy can help you find the best coverage to meet your family's needs.
Exerpt from: Life Insurance: What It Is, How It Works, and How To Buy a Policy (investopedia.com)
Why Is It Important?
Exerpt from: Why Life Insurance Is Important: 9 Meaningful Benefits (westernsouthern.com)
TERM Life Insurance...
...guarantees payment of a stated death benefit to the beneficiaries if the insured person dies during the specified term.
...has no value other than the guaranteed death benefit.
...is available in lengths of 10, 15, 20 years, or more.
Once the initial term is up, the policies may usually be kept, but require annually increasing premiums from that point forward.
Some companies allow Term policies to be converted into permanent policies.
UNIVERSAL Life Insurance...
...is a form of permanent life insurance with an investment account.
...allows for both the premiums and death benefit to be adjustable throughout the duration of the policy.
...can accumulate cash value.
...allows the cash value to earn an adjustable interest rate that is determined by the carrier.
...also allows policyholders to borrow against the cash value of their policy without tax consequences. However, certain withdrawals of the cash value may be taxed.
If the investment account underperforms, the cash value may be depleted causing your premiums to increase over time.
WHOLE Life Insurance...
...is another form of permanent life insurance.
...generally requires premiums that won’t change over time.
...also has a cash savings feature, which usually earns a guaranteed interest rate that will not change.
...allows the policyholder to withdraw or borrow from the cash value, although doing so reduces the death benefit of the policy.
Explore our unique life insurance products
They are not meant for everyone, but when the situation is right, it can make all the difference in the world!
Irrevocable Burial Reserves
A legal entity that helps people save for funeral and burial expenses. The purpose of the trust is to hold your money until you die. It then releases the funds to pay for your funeral, burial and any other end-of-life expenses. They are often used to help someone qualify for Medicaid LTC benefits.
Legacy Safeguard
A Free membership that provides planning, guidance, and support. Once you become a member, you will be able to utilize Legacy Planning Services, Estate Planning Support, End-of-Life Planning, Guidance, & Assistance, as well as Support for Survivors.
TOLL FREE:
info@courterfinancial.com
800-355-3381
CMS required disclosure: "We may not offer every plan available in your area. Currently we represent multiple companies offering multiple Medicare Supplement, Medicare Advantage, and Medicare Part D plans. Information we provide will mostly pertain to plans we offer in your area. You may visit Medicare.gov , call 1-800-MEDICARE, or contact your local State Health Insurance Program office to get information on all of your options. Neither Courter Financial Services, LLC, nor any of its agents are affiliated with, employed by, or sponsored by the U.S. Government or Medicare."
That said, we will gladly continue to provide details on any plan for which we can find information (whether that plan is available on Medicare.gov, or through an employer/retiree program). We believe it is our responsibility as independent insurance agents to provide as much information to you as possible so that you are fully informed before making such important decisions. While you're absolutely free to contact Medicare, we'd love the opportunity to speak with you, earn your trust, and assist with your Medicare related coverage needs for years to come!
EMAIL:
478 Jacksonville Rd Bellefonte, PA 16823
ADDRESS:
We've been helping our clients save money (without sacrificing coverage) for over 50 years!