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MEDICAL INSURANCE | PERSONAL INSURANCE | BUSINESS INSURANCE | LIFE INSURANCE |
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Often times, the decision to purchase a life insurance policy follows events such as a marriage or birth of a child, however, this important decision should be made prior to these joyous occasions. We will discuss the various life insurance options and put your worries at ease.
Individual Life Insurance
MANN INSURANCE helps provide the right health insurance needs for each individual or family. Our personalized plans help meet families needs at an affordable price without sacrificing any benefits. Our fulltime health insurance professionals are ready and able to assist clients with all HMO and PPO questions that may arise. We are committed to quality relationships and extensive customer service. Because of this commitment, we will provide many time saving services such as:
- Free health insurance quotes
- Assistance with doctor selections
- Plan comparisons
Listed below is an explanation of the various types of life insurance policies G.F. Mann offers:
Term Life Insurance The policy provides a death benefit but lacks cash buildup and/or an investment component. The premium remains constant only for a specified term of years and the policy has the option for renewal at the end of each term.
Whole Life Insurance The policy is enforced for the insured’s whole life as long as the scheduled premiums are maintained. All whole life policies build up cash values and most whole life policies are guaranteed as long as the scheduled premiums are maintained. The variable in a whole life policy is the dividend paid out by the insurance company, which varies depending on the company’s success. If the company is doing well and is not experiencing a higher mortality than projected, premiums are paid back to the policyholder in the form of dividends. The cash received from dividends can be used by the policyholders in three ways: lower or varnish premiums, purchase additional coverage, or pay for term insurance.
Variable Life Insurance This policy is a form of whole life insurance under which the death benefit and the cash value of the policy fluctuate according to the investment performance of a separate account fund. Most variable life insurance policies guarantee that the death benefit will not fall below a specified minimum. Because the policyholder assumes investment risk under variable life policies, these products are considered securities contracts. In the United States, variable life policies must be registered with the Securities Exchange Commission (SEC), and only agents who have passed the National Association of Securities Dealers (NASD) examination may sell this product.
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