Life Insurance
What is the primary purpose of Life Insurance?
Life Insurance is a means of providing death benefit protection which can secure financial needs of an individual’s family. It allows for continuous financial living of those whom you leave behind.
Who should consider obtaining Life Insurance?
Anyone who needs to replace lost income upon a spouse’s death, anyone who requires a short term benefit protection such as debts, car payments, mortgage payment, etc., Anyone who wants to insure their estates or business for their future generations.
Our contracted companies offer two types of Life Insurance Policies:
Whole Life
Whole Life Insurance provides permanent coverage for you and your family. If you are age 55 or under, your future insurability is protected through the option to purchase additional insurance features, such as Premium Waiver and Accidental Death Benefit.
Term
Term Insurance provides coverage to protect the lives of your loved ones. It provides a monthly income to reduce the financial demands such as paying off a debt, paying education expenses, etc. There are three types of term life insurance policy we offer:
20 Year Renewable & Convertible Term (20RC)
10 Year Renewable & Convertible Term (10 RC)
5 Year Renewable Term
Differences you need to know about Whole Life and Term Insurance:
Term |
Whole Life |
Term lasts for a set period of time- i.e. 1 year, 5 years, 10 years or 20 years. |
Whole Life lasts for your “whole” life. |
Term insurance rates will increase |
Whole life insurance rates will never increase. |
Term insurance has no Cash Value. |
Whole Life insurance has Cash Value, a savings that builds up inside the policy. |
Term insurance has no value other than death benefits. |
Whole Life insurance Cash Value can be used for a loan or to convert the policy to Paid-up insurance. |
Term insurance is inexpensive. |
Whole Life insurance costs more. |
Term insurance cancels if you miss a payment. |
Whole Life insurance could stay a force for a period of time even though a payment is not made. |
Term is like renting a house or leasing a car. |
Whole Life is like owning a house or buying a car. |
Plans below $20,000:
- 20 - Pay Whole Life
- Whole Life
- Career Life Plus
- 5-Year Renewable Term to 100
- Group Term Life
Plans $20,000 and above:
- Whole Life
- Unique Life Protector
- Career Life Plus Term
- Annual Renewable Term
- Level Decreasing Term
- Mortgage Decreasing Term
- 10-Year Renewable & Convertible Term
- 20-Year Renewable & Convertible Term
- Group Term Life
- 5-Year Renewable Term to 100
Health Insurance
Did you know…
Every 26 seconds someone in the U.S. suffers from a heart attack. (American Heart Association’s Heart Disease and Stroke Statistics 2005)
Every 23 seconds someone in the U.S. is diagnosed with cancer. (American Cancer Society’s Cancer Facts and Figures 2005)
Every 45 seconds someone in the U.S. suffers a stroke. (American Stroke Association’s Heart Disease and Stroke Statistics 2005)
The risk of critical or sudden illness is a reality that no one is ever really ready to deal with, which is why obtaining an affordable protection plan that you can count on can help with the expenses that come along with unfortunate circumstances. Providing your family with necessary financial support is important because the cost of living remains very high.
The problem: You are in need of immediate financial help.
The expenses:
- Loss of Income
- Child Care
- Lifestyle Change
- Special Medical Needs
- Less Savings and Retirement
- Insurance Deductibles
- Co-insurance Payments
- Money to “tide a family over”
The solution: Critical Illness protection that pays a lump sum benefit directly to you upon first diagnosis of critical illness.
- Cancer (if benefit requested)
- Major Organ Transplant
- Heart Attack
- Total Loss of Eyesight
- Stroke
- Total Loss of Hearing
- End Stage Renal Failure
Volcy Financial Services offers two types of health insurance benefit plans that will help secure your needs:
Our health insurance products include:
- Cancer
- Critical Illness
- Hospital Intensive Care
- Hospital Accident
- Accident Protector Plus
- Accident
- Hospital Income
Automobile Insurance
Accident Policy
Do you have specifically designed coverage for:
-Accidental Death?
-Death by Motor Vehicle?
-Death by Travel Accident?
-Loss of eyesight and Limbs?
Our Accident Policy gives you the full coverage listed until the policy anniversary following your 70th birthday.
We cannot cancel, restrict or refuse to renew your policy as long as you pay the premiums.
Our premium rates for the Accident Policy are guaranteed.
Liberty national Accident Policy pays:
-$100,000 for Death by Travel Accident
-$30,000 for Death by Motor Vehicle (Automobile & Boat)
-$15,000 for Accidental Death
-$10,000 for Accidental Loss of Eyesight
-$10,000 for Loss of Two Limbs or More Limbs
-$5,000 for Loss of One Limb
