Life Insurance
Key to your family’s security and yet so often so overlooked and rarely reviewed.
Lions Bridge Financial offers a complimentary insurance review of old policies (especially important if your policy is more than 5 years old). Insurance changes, life changes and surprisingly, clients have often found they can save money on a newer policy vs. keeping an older one with fewer options/benefits. We can also help you calculate how much insurance you need—you may have too much or too littleReach out to us for assistance on all your life and long term care insurance needs.
It’s easy-- just email a copy of your old policy or fax to 757-599-9220 for a review.
Term
Term life insurance is temporary insurance and the most affordable type of life insurance available. Each year, you pay a premium to cover the risk of death during that year. Term life insurance has no cash value. The only way your beneficiary can collect is to die before the term life insurance expires. If you die, your beneficiary usually collects the death benefit free of income tax.
Permanent
A permanent life insurance policy is a policy that provides life insurance coverage throughout the insured's lifetime. The policy never ends as long as the premiums are paid. In addition, a permanent life insurance policy provides a savings element that builds cash value.
There are a few basic types: whole, universal and final-expense insurance.
Accidental Death
Accidents take lives every day, and accidental death insurance can give your family greater confidence. If you die due to a covered accident, this type of insurance can help offset the financial burdens your family may face during what would be an incredibly difficult time. Accidental death insurance is very easy to get and very inexpensive. You may be able to buy a $500,000 policy for as little as a few dollars per month.
Long Term Disability
LTD (long term disability) insurance is often an afterthough in planning. Surprisingly to many, it’s much more likely that you would be disabled for a period of time and have to miss work than it is that you will pass away prematurely.
Individual Financial Services
- Investment and Portfolio Management
- Long Term Care Insurance & Planning
- Estate Planning Strategies and Trust Services
- Retirement Income Planning
- IRAs, ROTH IRAs and 401(k)/403(b) Rollovers
- Financial Plans
- Life insurance
- Tax-efficient Investments
- Annuities
- College Planning
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