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We empower employers with everything needed to control healthcare costs and manage benefit programs efficiently.
We empower employers with everything needed to control healthcare costs and manage benefit programs efficiently.
We empower employers with everything needed to control healthcare costs and manage benefit programs efficiently.
Life insurance is one of the most affordable strategies available for financially protecting your family and your business, should you pass away too soon. Designed to allow your family to continue financially if you die, life insurance by provides a death benefit payout that can be used to pay your funeral costs, ongoing housing and daily expenses, and more. Life insurance can also provide lifelong protection, along with a cash value component that can grow over time to offer long-term financial security.
Your life insurance plan can be tailored to your unique needs, circumstances, and goals. We help you analyze your situation and provide a customized solution for your insurance portfolio. By diligently advocating on your behalf today, we ensure you peace of mind for years to come. Click the tabs below to learn more about Life Insurance.
Term Life is one of the simplest, most cost-effective types of life insurance. Generally, it provides the largest immediate amount of protection for the lowest cost and pays a death benefit upon your death. Term Life covers you for a set period of time, provided you pay the monthly premium, or in some instances, a lump sum in advance. The policy will pay to the named beneficiary the face amount of the policy (set benefit and/or lump sum) upon death of the insured within the stated term. Depending on the policy, it may also make payments upon terminal or critical illness.
This type of life insurance policy helps you save for the future by building a cash value that has many benefits to the insured, such as borrowing against the policy or building a tax deferred investment income, in addition to paying a death benefit. Whole life, variable life and universal life are all types of cash value life insurance. Cash value insurance is also known as permanent life insurance because it provides coverage for the policyholder’s entire life.
Final expense insurance is designed to help protect your loved ones from the financial burden of funeral costs related to your passing. Unlike life insurance, final expense policies have a much lower face value because they are intended to only cover costs related to a person’s final expenses. Therefore, these policies can often be purchased at low or reasonable premiums. Features include: Premiums do not increase, ever As long as make you premium payment, policies will remain effective Guaranteed death benefit.
Incredibly, people suffer from a heart attack or stroke every 30 seconds. They develop cancer and or Alzheimer’s at the alarming rate of every minute. When these events occur, living benefits allows you to use your life insurance benefits while you are still alive. In other words, you can receive care and pay for chronic or terminal illness that precedes death with your living benefits.
Simply defined, an annuity is an insurance product designed to pay you an income over a period of time. In that sense, they are also considered investment contracts. And, they can help you grow your savings, inheritance, and retirement portfolio. In fact, they often provide you with retirement income that you cannot outlive.
Payments for Annuities may begin immediately, or at some future date in exchange for a lump sum payment, or a series of payments made prior to start of the annuity. Accordingly, it really depends on your needs on how you structure the annuity.
Annuities may arise as a result of a structured liability settlement. They can provide either an immediate income stream, or an income stream at retirement (or other future date) that transfers some of the risk of you outliving your money (“lifespan uncertainty”), to the insurer.
Note: Annuities are complex with an array of product choices. These could be fixed, variable or indexed. Additionally, they can be deferred, or immediate. And, they can be for both the qualified and non-qualified marketplaces. In fact, many people are sold annuity products, but don’t really understand them.
Annuities are hard to understand. We recommend you contact an experienced agent to discuss possible benefits, risks, and costs. Additionally, you may also discuss potential tax deferral advantages to see if annuities are a good fit for your financial plans. If you would like more information, please call us or contact us using the information to the right.
Term Life is one of the simplest, most cost-effective types of life insurance. Generally, it provides the largest immediate amount of protection for the lowest cost and pays a death benefit upon your death. Term Life covers you for a set period of time, provided you pay the monthly premium, or in some instances, a lump sum in advance. The policy will pay to the named beneficiary the face amount of the policy (set benefit and/or lump sum) upon death of the insured within the stated term. Depending on the policy, it may also make payments upon terminal or critical illness.
This type of life insurance policy helps you save for the future by building a cash value that has many benefits to the insured, such as borrowing against the policy or building a tax deferred investment income, in addition to paying a death benefit. Whole life, variable life and universal life are all types of cash value life insurance. Cash value insurance is also known as permanent life insurance because it provides coverage for the policyholder’s entire life.
Final expense insurance is designed to help protect your loved ones from the financial burden of funeral costs related to your passing. Unlike life insurance, final expense policies have a much lower face value because they are intended to only cover costs related to a person’s final expenses. Therefore, these policies can often be purchased at low or reasonable premiums. Features include: Premiums do not increase, ever As long as make you premium payment, policies will remain effective Guaranteed death benefit.
Incredibly, people suffer from a heart attack or stroke every 30 seconds. They develop cancer and or Alzheimer’s at the alarming rate of every minute. When these events occur, living benefits allows you to use your life insurance benefits while you are still alive. In other words, you can receive care and pay for chronic or terminal illness that precedes death with your living benefits.
Simply defined, an annuity is an insurance product designed to pay you an income over a period of time. In that sense, they are also considered investment contracts. And, they can help you grow your savings, inheritance, and retirement portfolio. In fact, they often provide you with retirement income that you cannot outlive.
Payments for Annuities may begin immediately, or at some future date in exchange for a lump sum payment, or a series of payments made prior to start of the annuity. Accordingly, it really depends on your needs on how you structure the annuity.
Annuities may arise as a result of a structured liability settlement. They can provide either an immediate income stream, or an income stream at retirement (or other future date) that transfers some of the risk of you outliving your money (“lifespan uncertainty”), to the insurer.
Note: Annuities are complex with an array of product choices. These could be fixed, variable or indexed. Additionally, they can be deferred, or immediate. And, they can be for both the qualified and non-qualified marketplaces. In fact, many people are sold annuity products, but don’t really understand them.
Annuities are hard to understand. We recommend you contact an experienced agent to discuss possible benefits, risks, and costs. Additionally, you may also discuss potential tax deferral advantages to see if annuities are a good fit for your financial plans. If you would like more information, please call us or contact us using the information to the right.
Life insurance is a contract between a policyholder and an insurer where the insurer promises to pay a sum of money to the policyholder's beneficiaries upon their death. It serves as a financial safety net for families, helping them cope with the costs and hardships associated with the loss of a loved one's income.
Yes, if you have people that depend on your income, or if you do not have enough savings to cover your financial obligations that others may be responsible for, OR, you do not have enough savings for your final burial expenses.
Life insurance needs vary greatly depending on individual circumstances, but a common rule of thumb is to aim for coverage equal to 10–12 times your annual income which aims to provide lost income to your dependents. Some use this method, adding college for each dependent. Another way to calculate life insurance needs is to add your debt, final expenses, mortgage, education, along with your annual income times how long you think your dependents may need financial protection.
You can purchase a life insurance at any time, but it's better to buy the plan while you are younger. Since Life Insurance requires medical underwriting, the best time to purchase a policy is when you are healthy and can qualify. The younger and healthier you are, the lower your premiums.
Life insurance is a contract between a policyholder and an insurer where the insurer promises to pay a sum of money to the policyholder's beneficiaries upon their death. It serves as a financial safety net for families, helping them cope with the costs and hardships associated with the loss of a loved one's income.
Yes, if you have people that depend on your income, or if you do not have enough savings to cover your financial obligations that others may be responsible for, OR, you do not have enough savings for your final burial expenses.
Life insurance needs vary greatly depending on individual circumstances, but a common rule of thumb is to aim for coverage equal to 10–12 times your annual income which aims to provide lost income to your dependents. Some use this method, adding college for each dependent. Another way to calculate life insurance needs is to add your debt, final expenses, mortgage, education, along with your annual income times how long you think your dependents may need financial protection.
You can purchase a life insurance at any time, but it's better to buy the plan while you are younger. Since Life Insurance requires medical underwriting, the best time to purchase a policy is when you are healthy and can qualify. The younger and healthier you are, the lower your premiums.
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Security First Benefits Corporation
2357 Stonebridge Dr.
Flint, MI 48532
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Healthy young people tend to put life insurance on the back burner while they spend their money on buying a home, starting a family, or paying off student loans. The truth is, the longer you wait to get life insurance, the more your policy will cost you.
Most life insurance policies require medical underwriting, meaning you must disclose your health issues and most likely will be required to go through a medical exam for approval and rating. While those in their 40’s and 50’s, even to age 60, will pay more in premiums, if they are nonsmokers in good health, they shouldn’t have an issue getting an affordable policy.
Looking for guaranteed issue? Final Expense insurance is a good option. These types of policies generally don’t require a medical exam, but premiums will be higher the older you are, and some benefit payouts may be limited during the first few years of coverage for those with significant health issues.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
Other Important Disclaimers: Security First Benefits Corporation is a licensed health insurance agent authorized to market Medicare Insurance Plans. This is a solicitation for insurance. Please note a sales agent may call as a result of your inquiry for a quote. The benefit information provided herein is a brief summary, not a comprehensive description of benefits. For more information contact the plan. Limitations, copayments, and restrictions may apply. Please note you have no guarantee issue.
Security First Benefits Corporation is not part of the Federal Medicare System.
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