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Life Insurance

Having the right life insurance is pivotal in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you’ve made your family when you are gone.

Don’t leave the future of you and your loved ones to chance. We can help you find the right life insurance coverage for you, and help ensure that your policy continually meets your needs.

Life Changes, So Should Your Life Insurance Policy

For each person the right life insurance will be unique and dependent on personal and financial needs. As your life changes, your life insurance coverage may need to change in order to adapt to your current needs. Some life transformations that may require a policy “tune-up” include:

  • You recently married or divorced
  • You have a new child or grandchild
  • You have opened or expanded a business
  • Your health or your spouse’s health has deteriorated
  • You are providing care or financial assistance to a parent
  • Your child or grandchild requires assistance or long-term care
  • You recently purchased a new home
  • You are planning for a child or grandchild’s education
  • You are concerned about retirement income
  • You have refinanced your home mortgage in the past six months
  • You or your spouse recently received an inheritance
  • You have a sizable estate

WHAT YOU NEED TO KNOW ABOUT LIFE INSURANCE

We can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:

  • Term Life Insurance: Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent (whole) life insurance, and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
  • Whole Life Insurance: Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.
  • Universal Life Insurance: Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

ADVANTAGES OF LIFE INSURANCE

Having the right life insurance is essential to planning for your present and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.

Life Insurance Death Benefit – When you pass away, your life insurance provides income (tax-free) to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes, or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Living Benefits – The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

What type of life insurance is best for you? Talk one of our licensed life insurance agents today to find out.  We can assist in identifying the best protection for you.

Theriot Insurance has the knowledge, resources and industry relationships to build an insurance solution that meets the unique needs of each of our clients.  We offer our exceptional service guarantee combined with a vast selection of Professional Liability (E&O) Insurance products to meet your business needs. Our products offer broad coverage and competitive premiums to ensure we are staying ahead of our competition while putting our clients first.  Remember, not all E&O policies are created equal and neither are the insurance carriers.  Let our experience make the difference for your business.

We contacted Zach Hirsch for our Professional Liability insurance policy and he exceeded our expectations with excellent communications throughout the process and a broader coverage package. I highly recommend Zach.

Steve C.

I own an insurance agency and bought my E&O from Zach Hirsch. I highly recommend him and am thankful that I do not have to be both “patient and physician” for my own account. Thanks for being an insurance agent’s insurance agent, Zach!

Christian M.

My firm recently used Theriot Insurance to purchase professional liability insurance. Not only was Zach knowledgeable and very easy to work with, he also found us the best rate for the coverage we needed. I would highly recommend Zach to anyone looking for professional liability coverage.

Heather M.