Life Insurance in Orem, UT
Life insurance policies are a safety net for you and your family and can also be a financial investment to see you into the future. As you research insurance policies and the many choices that are available and are unclear about what your options are, contact the professionals with Ascend Investment Management. Knowing the differences in life insurance and finding what you want is imperative when it comes to investing in a policy. We are ready to help. The life insurance specialists with Ascend who service the Orem, UT, area, are available to review your options about the different types of insurance available to you and help you carefully find one that will fit your needs.
Get the Right Life Insurance Policy
Life insurance is definitely worth the investment, especially if you have any financial dependents. In fact, the younger you are, the better opportunity to purchase a life insurance policy because pricing is typically lower. Your age and health are significant factors that an insurance company considers when evaluating policy eligibility and the cost. Ascend Investment Management near Orem can help you find an affordable life insurance policy that includes what you feel is essential.
In its simplest form, life insurance is a contract between an insurance company and a policyholder. The policyholder pays a premium, which is a specified amount of money towards the policy on a regular basis. 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 covers you for a set period of time pre-determined when you sign the policy. It has a fixed premium that is paid overtime, and when the term expires, coverage stops. This means the insured party will no longer have coverage. A new policy can be started; however, the policyholder forfeits the amount of money previously paid into the term life insurance policy. The professionals at Ascend Investment Management can help you find a term policy at a great rate.
Permanent Life Insurance for Residents of Orem
In addition to being an insurance policy. permanent life insurance is a financial investment too. This type of life insurance accrues a cash value that can be used when the policy matures. Ascend Investment Management can help you find permanent life insurance if this is the option that is best for you. Permanent life insurance provides death benefit coverage for the life of the person named in the policy. The accrued funds from permanent life insurance can be a source of income and used during retirement or as emergency savings. Whole life insurance and index universal life insurance, or IULs are two popular types of permanent life insurance available.
Is Whole Life Insurance a Good Option?
Whole life insurance stays intact for the insured party’s lifetime as long as the premiums are paid. We can find a whole life policy that meets the needs you require and review the details of what this investment entails. Our team in the Orem, UT area, provides just what you need to make an informed choice.
What is Indexed Universal Life Insurance?
Indexed Universal Life insurance policies, or IULs, are a newer product with many benefits. An IUL functions as 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
So you have the best and most accurate information available, it’s best to contact Ascend Investment Management. We will schedule an appointment to review information about life insurance policies in more detail. As a premier financial planning firm in Utah, we work closely with residents of Orem, UT, and those in other areas of Utah County. We are your local investment planning firm. Call us at 801-386-5311 today.