© 2016 by PNI Insurance.

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TERM LIFE

INSURANCE

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PERMANENT

LIFE INSURANCE

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BUY AND SELL

AGREEMENTS

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PERSONAL ACCIDENTS

We can provide the life insurance you or your company need, we analize your specific situation  and suggest the best company and product,  taylor made for you or your company.
 

Life insurance is a product you buy and in the event of your death the insurance benefits go to the beneficiarie

or beneficiaries you named.

 

Term Life Insurance

Term life insurance is often the most affordable coverage because it offers protection for a specific number of years.

You may want to purchase a term life insurance policy to:

  • Get valuable coverage at an affordable price 

  • Help cover specific financial responsibilities like a mortgage or college expenses

  • Supplement a permanent policy or work policy

 

Permanent Life Insurance

Whole Life, Universal life.

Whole life, Universal life , indexed and others, are a form of permanent life insurance, whole life insurance features guaranteed premiums, death benefits, and cash value. Whole life insurance policies also give you the potential to receive dividends, which can increase the value of the policy when the insured is living or provide an increased death benefit for your beneficiaries.

You may want to purchase a Whole life insurance policy if you want:

  • Protection for life

  • Payments that stay the same each year

  • To be able to put additional money into the policy on a tax-favored basis

  • Cash value you can use while you are living

Universal  life insurance policies provide the flexibility to build your policy's cash value or focus more on guaranteed protection.

  • Guaranteed Protection lets you choose, within limits, the length of the protection guarantee and the premium payment schedule up front — both are then guaranteed not to change so long as the premiums are paid as planned.

 

Key Employee

In many instances employers have employees whose skills, talents, experience, or business and personal contacts are of great value to the business. Such employee's death would cause severe financial loss for the company and would be difficult to replace. Many businesses cannot afford the financial loss incurred if a key employee were to experience an untimely death. One way to mitigate this risk is through key-employee life insurance.

The primary purpose for this type of life insurance is to protect the business against financial loss if a key person dies. Typically, the business owns the policy, pays the premiums, and is the beneficiary of the key employee life insurance policy.

 

Buy and Sell Agreements

When taking out a buy/sell life insurance agreement, business partners purchase life insurance policies on the lives on each co-owner but not on themselves. If a co-owner was to die, the other co-owner(s) will be paid a lump-sum benefit that is then paid to the deceased’s surviving family members.

 

This payment allows the owner(s) to acquire the share of business from the deceased while compensating the grieving family members.

What are the benefits of a buy/sell life insurance agreement?
Some of the advantages of a buy/sell life insurance agreement include:

  • Mutually beneficial. Not only does the family of the deceased benefit through this agreement, but the company won’t experience any financial loss.

  • Can cover serious illness and injury. Buy/sell life insurance can also be used to cover total permanent disablement or eligible serious medical trauma.

  • Various ownership options. Policies can be owned individually, cross-owned (owned on behalf of the lives of other owners), owned by a corporation or on behalf of those insured

 
 

Retirement

Annuity

With the cash value accumulated in your policy you can plan your retirement, have a college fund and others, and can be withdraw from the policy as a loan or through an annuitiy.

 

Cash value in a life insurance policy grows tax-deferred .

An annuity is a financial product typically used by investors to save tax-deferred for retirement or to generate regular income payments, helping to replace a paycheck in retirement.

Annuities are insurance contracts whose payments are guaranteed by the company issuing the contract

 
 

Disability

When building a financial safety net, many people look to protect against the unknown with life insurance and health insurance. But your ability to earn income is your greatest asset and is crucial to any financial plan; if you’re unable to work, how do you plan for the future or meet your immediate needs, like paying bills?

Disability insurance can help. It’s income protection that keeps money coming in when you can’t work due to illness or injury. Disability insurance comes in long-term, and short-term .

Personal Accidents

or PA insurance

Is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events.

 

Covers against accidental death or permanent total disability on account of accident.