Reliable Life Insurance in Ogden, UT
Ascend Investment Management specializes in a full range of investment services and financial advisory services.
Life insurance is often described as a safety net and is an excellent way to add extra security to your future. If you are checking into different financial investments and insurance policies, but are unsure of where to begin, look to the professionals with Ascend Investment Management. Our team of life insurance specialists who service the Ogden, UT, area, will answer all your questions about the different types of insurance available to you and help you carefully examine your options.
Knowing the differences in life insurance and understanding what will fit your needs is imperative when it comes to investing in a policy. We are ready to help.
What Are the Benefits of Life Insurance?
Life insurance is a contract between an insurance company or assurer and the policyholder. The policyholder pays a premium amount on a regular basis towards the policy and the insurance company agrees to pay a designated amount of money to the beneficiary of the life insurance policy under certain pre-set circumstances, typically upon the death of the insured person.
Term Life Insurance
Term life insurance is a type of insurance that covers you for a set period of time or term. It has a fixed premium that is paid overtime, and when the term expires, coverage stops, and the insured party will no longer have life insurance coverage. A new policy can be started; however, the policyholder forfeits the amount of money previously paid into the term life insurance policy. Our financial planners can help you find a term policy to invest in.
Permanent Life Insurance
Permanent life insurance is a financial investment and provides coverage because it accrues a cash value that can be used towards disbursements when the policy matures. Ascend Investment Management can help you find permanent life insurance in which to invest. Permanent life insurance provides death benefit coverage for the life of the person named in the policy. Disbursements from permanent life insurance include income to be used during retirement or as emergency savings.
Two popular types of permanent life insurance are whole life insurance and index universal life insurance, or IUL.
What is Whole Life Insurance?
As long as the premiums are paid, whole life insurance is a policy that stays intact for the insured party’s lifetime. The team with Ascend Investment Management will find whole life policies that meet the needs of your life and review the details of investing with you. Our team in Ogden will provide you with the knowledge you need to make an informed choice.
What Indexed Universal Life Insurance?
Indexed Universal Life insurance policies, or IULs, are a newer product that is proving to be an excellent option for many people. IULs function like a retirement-income vehicle because the earning potential is tied to a financial equity index. Because they are complex and have some risk associated with them, we recommend working with our professional advisors. Ascend Investment Management is available to review indexed universal life insurance with you today.
Contact Ascend Investment Management About Life Insurance
Because there is so much information about life insurance, we recommend contacting our office by calling 801-386-5311 today. We will schedule an appointment to review this information in more detail and provide you with options that will fit your needs. We are one of the Wasatch Front’s leading financial planning firms that work closely with residents of Ogden, UT, and those in other areas of Weber County. We are your local investment planning firm.