Why Choose Rosemark Advisors?
RoseMark Advisors' knowledgeable agents can assist you in making sure you have the amount of coverage that aligns with your financial goals. Our association with top-rated, reputable insurers allows us to offer you the most appropriate options for your situation. Let us help you make the right choice for your family and your peace of mind.
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Why is life insurance so important?
Life insurance should be an integral part of your financial strategy and is essential if anyone depends on you financially. No matter what type of life insurance you choose, the goal is the same: Life insurance pays a cash benefit to your family after your death so they can remain financially secure.
Your Benefit can be used to:
- Replace Lost Income
- Pay Off Debt
- Pay Final Expenses and Offer an Emergency Fund
- Help Pay for Your Children's Education
Types of Life Insurance
Term Life:Protects your family with a death benefit for a specific term or span of years if scheduled premiums are paid. If you die during the policy term, your beneficiary is paid the coverage amount subject to your policy terms. Since it provides “pure” insurance without any cash value accumulation, term life insurance coverage is generally less expensive initially than permanent coverage.
Whole Life: Considered “permanent insurance”, coverage is intended to remain in force during the Insured's entire lifetime, providing premiums are paid as specified in the policy. A whole life insurance policy can build cash value on a tax-deferred basis. Both the premiums to pay and the cash values that result are predetermined and found in the policy contract. The cash value is an amount of money available to the policy owner for policy loans or as the surrender value if the policy is canceled and returned to the company.
Universal Life: Considered “permanent insurance”, these policies offer a valuable death benefit and provide the opportunity to build cash values that you can borrow or withdraw. If your Universal Life (UL) policy is in force at the time of the insured's death, policy proceeds will be paid in accordance with the terms of the policy to the beneficiary. With certain limits, you can choose the premium you wish to pay, and this determines how the policy values develop. UL is also an “interest sensitive” product, which means that the interest rates credited to policy values will change over time.