Professional Benefits provides life insurance for professionals to fit a range of needs. Life insurance is primarily used for two purposes: to provide a death benefit and to build cash value.
Death Benefit
All basic life insurance contracts provide a death benefit. The death benefit amount can be customized to meet your needs and budget.
Cash Value
In addition to a death benefit you can structure a policy to accumulate tax-deferred cash. This optional feature allows cash to be accessed during your lifetime, through policy loans or withdrawals. This can be helpful for emergency situations, financing a college education, or taking a much needed vacation.
While there are a variety of life insurance options and features on the market today, life insurance typically falls under two categories: term life and permanent life.
Term Life Insurance
Term Life InsuranceTerm life, is the more cost effective of the two options. This type of policy provides protection for a specific timeframe (term). Typically in ten-year periods from 10 to 30 years. If you die within the insured term, the insurance company issues a payment to your beneficiaries. If however, you survive the period, your coverage ends. For those seeking a large death benefit, term life insurance may be an appropriate option.
Additional features can enhance your term coverage
Professional Benefits offers whole life, universal life, and term life insurance for professionals. Contact us for a personalized quote today!
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Permanent Life Insurance
Unlike term life Insurance a permanent life insurance policy will provide lifetime protection, as long as premiums and applicable charges are paid per the condition of the contract. This comprehensive category life insurance policy type offers flexibility and builds tax-deferred cash value.
There are three main types of Permanent Life insurance:
Whole Life
Whole Life Insurance provides a death benefit, guarantees a rate of growth for the cash value component, and dividend payments.
Guaranteed Universal Life
Guaranteed Universal Life insurance can be considered a combination of term and whole life insurance. Like permanent life they not expire because there is no ending “term.” Policies have a level premium and level death benefit for life.
Indexed Universal Life
A Indexed Universal Life insurance policy allows you to inherit all the upside of the stock market, without the downside risk. Cash value accumulation is tied to one or multiple market indexes such as the S&P 500, Russell 2000, or Euro Stock Index. This type of policy allows you to have permanent coverage in place while also allowing you to take advantage of possible cash accumulation.
Cash Value Life Insurance – Additional Benefits
Cash Value Life Insurance – Additional BenefitsIn addition to protecting your dependents a Cash Value life insurance policy is protected from creditors. In most states you can own this in your name, have access to the value and the account will not be subject to a lawsuit. The cash value can be accessed anytime and can be used to supplement retirement income.
Emmanuel’s goal is to help his clients navigate the confusing path toward financial stability. He and his team strive to understand each client’s unique financial situation from every angle. This enables him to provide the best possible services, information, and products necessary to meet the client’s specific goals.
Laurel brings her experience in corporate accounting to the CPA Benefits team. She is a Certified Public Accountant and a licensed insurance agent. She was born and raised in the beautiful state of New Jersey, then attended Grove City College in Pennsylvania where she met her husband, Emmanuel. Laurel loves to travel, cook, craft, and spend time with her children Eloise & Wolfe.
Jared Henig is a licensed insurance professional with Doctors Benefits based out of Ft. Lauderdale, FL. Jared has many years of experience with helping clients through life’s transitions, planning for the future, and navigating unexpected events. His clients include physicians, attorneys, business owners and retirees. His objective is to develop strategies to protect and maximize his client’s wealth. Based on the client’s needs and long-term planning, Jared is able to offer a wide range of products from an assortment of options in the marketplace.
Cecilia spent over 15 years supporting the Subway Restaurant chain with a focus on logistics, supply chain optimization, analytics, and automation. Cecilia hold a Masters Degree in Management Information Science from the University of Florida, a Six Sigma Black Belt, and a certificate for data science and big data analytics from MIT. Cecilia utilizes the latest technology so that CPA Benefits can operate 100% virtually saving our clients the time of in person meetings. The systems that Cecilia has built and continues to maintain has grown CPA Benefits into a leader in the industry.
Preparing for that next step in life isn’t always easy. Brian has a combination of experience, professionalism, and access to a wide variety of products and services; together, these can help you meet your financial goals, estate strategies and insurance needs. Whether your goals are to prepare for milestone life events like retirement or simply to find life insurance, disability income, or long-term care insurance protection, he’ll provide the highest level of attention, insight and capability.