Our goal is to help individuals and families determine if they need life insurance and what is the most suitable life insurance for their needs. Twin City Underwriters, Inc. has been helping people make life insurance decisions for over 40 years. We have stable, long term relationships with many leading life insurance companies.
As indicated below, there is more than one type of life insurance policy available. Your needs, goals, current health and stage in life determine the most appropriate plan for you.
Term Life Insurance
Term Life Insurance is designed to cover you for a specific period of time (e.g. 10, 20, 30 years) which pays a benefit in the event of the death of the insured during that period of time. This type of life insurance provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After the period expires, coverage is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments and conditions. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
Contact us today to find out more about Term Life Insurance options.
Whole Life Insurance
Life insurance that is kept in force for a person’s whole life as long as the scheduled premiums are maintained. All Whole Life policies build up cash values. Most Whole Life policies are guaranteed as long as the scheduled premiums are maintained. The variable in a Whole life Policy is the dividend which could vary depending on how well the insurance is doing. If the company is doing well and the policies are not experiencing a higher mortality than projected, premiums are paid back to the policy holder in the form of dividends. Policyholders can use the cash from dividends in many ways. The three main uses are: it can be used to lower or vanish premiums, it can be used to purchase more insurance or it can be used to pay for term insurance.
Contact us today to find out more about Whole Life Insurance options.
Universal Life Insurance
Universal Life Insurance is flexible premium life insurance policy under which the policy owner may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or timing of premium payments. Premiums (less expense charges) are credited to a policy account from which mortality charges are deducted and to which interest is credited at rates, which may change from time to time.
Contact us today to find out more about Universal Life Insurance options.
Final Expense Insurance
Final Expense Insurance is a type of life insurance which covers burial and funeral expenses. Final Expense Insurance can save your loved ones a lot of money and stress at the time of your death. With the high cost of funerals, the last thing anyone wants to think about after they lose a loved one is paying for and planning final arrangements.
Contact us today to find out more about Final Expense Insurance options.