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Life Insurance

Life insurance from Fortitude Insurance Group 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.

Life insurance is an important insurance and financial vehicle to help your family maintain a comfortable standard of living should a loss of life occur.

With over 20 years experience in the life insurance industry, there are a variety of life insurance solutions that Fortitude Insurance Group can provide.

Term Life - Maximum coverage lower in cost

Term Life Insurance is a low-cost way of providing maximum coverage for your family over a pre-determined limited number of years. Term Life insurance expires without value if the insured lives beyond the policy period, usually ranging anywhere from 5 to 20 years. Other policy life periods are available, including 1 year annual renewable terms.

Term insurance premiums will not increase during the guaranteed policy time period you select. However, term life insurance pays a death benefit only if you die during that defined time period. 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.

Universal Life - Flexibility and investment

Universal Life Insurance is generally characterized by greater flexibility than term life insurance policies. Universal Life policyholders can determine the amount and frequency of premium payments - i.e., the more you pay, the less time you will need to pay. Additionally, your premiums not only cover the insurance premiums, but provide a “savings” element as part of your overall investment strategy. This savings element is based on stated interest which changes along with movement in interest rates; moves in 1/4 % interest steps are typical as banks and other financial institutions make similar moves.

Whole Life - Stability and assurance

Whole Life Insurance provides permanent protection for the entirety of a person’s 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.

A team of experts ready to help you

The team at Fortitude Insurance Group are recognized experts in all types of individual Life Insurance solutions. Contact us today to find out more or to discuss your personal needs or interests.

 

Contact Fortitude today to learn more about our coverage packages