Life Insurance Help In Sandy UT

Since the future is unpredictable, having a life insurance policy that protects you and your family in the event of an emergency is an excellent option, no matter your age. Life insurance adds a measure of security for your future and provides peace of mind too. Ascend Investment Management is your local source in Sandy, UT, for help and information about purchasing the best life insurance policy for you. We are an experienced investment firm that specializes in life insurance and other investments.

Insurance Policy Pros

When it comes to investing in life insurance, you need one that fits your personal goals. Working with the professional investment team from Ascend Investment Management will ensure that you have a policy that meets the criteria you want. Our investors take the time to answer any questions you have and listen to your needs, so that in the end, you have a life insurance policy you’re pleased with.

Any financial investment in your future can be an intimidating step to make, especially when you don’t have all the answers up front. If insurance isn’t your area of expertise, then chances are you may need some help finding the best policy for you. That’s where working with a professional investment firm like Ascend Investment Management can help. Our professional investors work closely with you to answer your questions and provide recommendations for the type of policy to fit your needs, as well as the best life insurance company to purchase from. We are a local investment management company servicing the Sandy 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 legally binding contract between an insurance company and a policy holder, whereby the policy holder agrees to pay a specific amount of money on a regular basis or premium to an insurance company, and the company agrees to pay a designated amount of money to the beneficiary of the insurance policy under certain circumstances stipulated in the policy. The insurance company determines if the insured qualifies for the coverage based on their underwriting requirements. Life insurance benefits are paid out to the beneficiaries listed in the policy upon the death of the insured party.

What Kinds of Life Insurance Are There?

There are a few kinds of life insurance you can purchase. Working with Ascend Investment Management can ensure that you have a policy that not only meets your needs now, but offers security for the future.

Term Life Insurance

Term life insurance is much like its name indicates, and is only usable for a specific term, or amount of time. It provides coverage for a limited period of time at a fixed premium amount, that is paid to the insurance company over time. When the term expires, coverage ceases. And the insured party no longer has life insurance coverage. A new policy can be applied for, but the policy holder forfeits the amount of money previously paid into the term life insurance policy.

A Permanent Life Insurance Policy

Permanent life insurance is another option available with Ascend Investment Management. Permanent life insurance provides death benefit coverage for the life of the insured party named in the policy. This type of life insurance is a financial investment in addition to life insurance because it accrues a cash value that can be used towards disbursements. Retirement income is a form of a permanent life insurance disbursement. This is a continuous insurance and lasts the duration of the policy owner’s life.

Permanent life insurance has many advantages, like having access to your financial resources while continuing to add to the monetary value. Whole life insurance and index universal life insurance, or IUL are two popular forms of this type of insurance.

Whole Life Insurance Explained

Whole life is a life insurance policy that remains intact for the insured party’s lifetime, as long as the required premiums are paid, or the policy matures. If the policy terms are met, the insurance company will pay the death benefit of the policy to the policy’s beneficiaries after the insured passes away. Ascend Investment Management works with you to ensure all your questions are answered and you’ve made a well-informed decision. We will help you each step of the way, so there’s no reason to be overwhelmed with the many policies options available to you.

Universal Indexed Insurance

Indexed Universal life insurance policies (IULs), are a relatively new option and function like a retirement-income vehicle. The earning potential of the IUL is tied to a financial equity index with little more risk involved. Setting up an IUL policy is more complex because they have more options and a potentially higher return on investment. Indexed Universal Life insurance policies have the option for policy holders 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 Sandy, UT.

Get the Right Life Insurance Policy for Your Needs

These are just a sampling of the life insurance options available to you. Since there is quite a bit of information, it is challenging to know the best option for your long-term goals. Fortunately, Ascend Investment Management’s insurance experts are available to help. We are eager to work with you to review your goals, assess your circumstance, and work on a plan for your financial future and retirement. If you reside anywhere in the Sandy, UT, area, we invite you to reach out to our team for your life insurance needs.