Overview & Policy Types
Finding The Right Policy
In actuality, pricing and regulations of Life Insurance and Investment Products are strictly controlled and regulated by each individual state, hence there is no difference in price from one broker to another when comparing “apples to apples”.
The real value is in determining which product is best for you and “illuminating the fine print” to make sure that it truly suits your needs! In addition to this, making sure that you are given the benefit of the very best underwriting professionals enables you to take advantage of the best pricing offered by each insurance company.
Equitas believes Life Insurance is a cornerstone of any Financial Planning. There is an extensive array of coverage types on the market today, not surprisingly the challenge for anyone is to get a combination of not only effective coverage but attractive pricing.
However more importantly the right product to achieve your goals.
Needs + Future Goals / Budget = "The Right Product"
These challenges are a constant across different ages, income levels, and professions.
The first wave of Baby Boomers has already crossed the threshold of retirement. We also live in an era where Three Generational Households are becoming increasingly common.
Meeting the needs of these separate, yet often intertwining market segments calls for creative solutions and robust market knowledge. Equitas Advisors is here to help.
A policy with a set term period (10, 20, 30 years). Once the policy is expired there is no Death Benefit (some policies allow for a conversion to permanent insurance) and there is no Cash Value. Term is the cheapest form of coverage and gives you a lot of "bang for your buck". This is a Risk Protection Product.
Return of Premium Term (ROP) has the same attributes as a term policy. Though higher in cost, this policy returns all of the premiums paid to the insured at the end of the term period. This is also a Risk Protection Product however premiums returned can be used for retirement income Annuity or rolled over into a permanent policy which could satisfy Wealth Preservation needs as well.