Life Insurance in Salt Lake City

Life Insurance Help from Ascend Investment Management

Life insurance is an excellent way to add extra security to your future, and we can help. Knowing the differences in life insurance and understanding what works best for your life is essential when it comes to investing in a policy, Ascend Investment Management will work closely with you to answer your questions, and ensure the life insurance you decide on will meet your needs now and in the long run. We are a local investment management company servicing the Salt Lake area, so we know what a person needs to live and retire in the great state of Utah.

What is Life Insurance?

Life insurance is a contract between an insurance company and a policy holder. The policy holder agrees to pay a premium, or a specific amount of money on a regular basis, and the insurance company agrees to pay a designated amount of money to the beneficiary under certain circumstances. Life insurance is paid out to the beneficiaries stipulated in the policy upon the death of the insured party. The insurance company determines if the insured qualifies for the coverage based on their underwriting requirements.

We Help You Find the Right Insurance for Your Needs

Residents of the Wasatch Front shopping for a life insurance policy have an array of choices, ranging from term life insurance to permanent life insurance. At Ascend Investment Management, we know that your needs are different from those of your friends or family, which is why we consult with each client on a personal basis. We take your unique situation into account in order to select the type of life insurance that will work best for you and your financial goals. Each kind of life insurance has its own merits, which is why utilizing the services of an insurance specialist with experience is essential. Our consultative approach ensures we accurately identify your needs, thus enabling our team to recommend the best life insurance plan for you and your loved ones. To learn which life insurance solution will work for you, talk to insurance professionals with Ascend Insurance Management. Everyone should have a life insurance policy, especially as they enter adulthood. Not only does life insurance cover the costs of emergencies or funerals, insurance provides peace of mind for policyholders and is an excellent investment choice no matter your stage of life.

Term Life Insurance Coverage

Ascend Investment Management can help you navigate the world of life insurance, so you have the best policy that meets your needs. Term life insurance provides coverage for a limited period of time at a fixed premium amount paid over time. Once this period expires, coverage at the previous premium rate is no longer guaranteed, so the insured party will no longer have life insurance coverage. A new policy can be applied for, however, they will forfeit the amount of money paid into the term life insurance policy.

Permanent Life Insurance

Another option available with Ascend Investment Management is permanent life insurance. This type of insurance policy provides death benefit coverage for the life of the insured party named in the policy. Permanent policies are a financial investment in addition to life insurance and accrue cash value that can be used towards disbursements, such as income to be used during retirement or emergency savings. Permanent life insurance is continuous and designed to last the duration of the policy owner’s life. When created correctly, this life insurance has many advantages, like having access to your financial resources while continuing to add to the monetary value. Two popular options for permanent life insurance are whole life insurance and index universal life insurance, or IUL. Our insurance specialists will answer all your questions on these types of life insurance and help you carefully examine your needs.

Whole Life Insurance Explained

A whole life is a life insurance policy that remains in force for the insured party’s lifetime, as long as the required premiums are paid, or to the policy’s maturity date. As long as the contract terms are met, the insurance company will pay the death benefit of the policy to the policy’s beneficiaries after the insured passes away. The team with Ascend Investment Management will review the details of investing in a whole life insurance policy, so you have all the knowledge you need to make an informed choice. There is no need to become overwhelmed with the many policies and options available when we are just a short car ride away.

Universal Indexed Insurance

Indexed Universal life insurance policies (IULs), function like a retirement-income vehicle and are relatively new. An IUL’s earning potential is tied to a financial equity index. There is a little more risk involved and they are more complex, but IULs have more options and a potentially higher return on investment. Indexed Universal Life insurance policies offer the policyholder the ability to allocate a portion or all of their net premiums to a cash account once the insurance coverage and expenses are paid. Ascend Investment Management is excited to offer this combination life insurance, and retirement strategy supplement to our customers in the Salt Lake Valley.

Contact Your Personal Investment Team

These examples presented here represent a portion of the information available about life insurance. Because there is so much information, it is challenging to identify precisely what you need in terms of life insurance. That’s where Ascend Investment Management’s insurance experts come in. We will assess your circumstance, the plan for your financial future and retirement, and provide assistance to locate the perfect life insurance policy. If you reside anywhere in the Salt Lake area, we invite you to reach out to our team. We are your local investment planning firm.