A comfortable lifestyle and security. It’s the simple dream that many Americans have for themselves and their families.Fulfilling that dream is not always easy. While life is filled with celebrations, daily routines and successes, we can also face unforeseen challenges.
Life insurance can be the foundation that helps you prepare for the unexpected.Life insurance from Dimension Financial Services can help you secure your family’s financial future by providing the funds they need to: cover burial expenses, uninsured medical bills, pay off your mortgage and other outstanding debts, and maintain a comfortable standard of living.
Term Life Insurance
Term Life Insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a limited number of years.
Term Life Insurance pays a death benefit only if you die during that term. The insurance expires without value if the insured lives beyond the policy period, usually 10, 20 or 30 years. Other policy life periods are available, including 1 year annual renewable term.
Term insurance premiums will not increase during the guaranteed policy time period (term) you select. Term insurance generally provides the largest insurance protection for your premium dollar.
Term Life Insurance remains in force for as long as premiums are current, provided there are no misrepresentations on the application. The insurance coverage terminates if you discontinue your premium payments.
Whole Life Insurance
Whole Life Insurance provides permanent protection for the whole of life – from the date of policy issue to the date of the insured’s death, provided that premiums are paid.
Premiums are set at the time of policy issue and remain level for the policy’s life.
Unlike term insurance, whole life combines insurance protection and savings or cash value which builds over time.
Cash value build-up may provide a source for living benefits, for example, helping pay off a mortgage, or a child’s education, or cash surrender value if the policy is ever cancelled.
Universal Life Insurance
Universal Life is characterized by great flexibility. Policyholders can determine the amount and frequency of premium payments – i.e., the more you pay, the less time you will need to pay.
Your premiums cover the insurance part also the savings or investment element and the expense part.
The stated interest on the investment portion changes along with movement in interest rates; moves in 1/4 % interest steps are typical as banks and other financial institutions make similar moves.
Harris D. McFarlane (President)
Dimension Financial Services
433 Silas Deane Highway, 2nd Floor
Wethersfield, CT 06109
Office:
(860) 563-1080
Mobile:
(860) 604-5250
FAX: (860) 436-4921
Email:
harris@dimension-financial.com