How Life Insurance Can Help Your Family Get Through Tough Times

Whether you’re paying off debts, funding your children’s education, or taking care of final expenses, life insurance can help your family get through tough times. Click the to learn more.

When shopping for a policy, look for companies with strong financial strength and competitive pricing. Also, check the reliability of policy illustrations (projections of how your policy will perform) and if they are flexible enough to meet your unique needs.

Term life insurance is simple, affordable protection that lasts for a set number of years. If you die within that period, your beneficiaries receive a payout to help with expenses such as funeral costs, mortgage payments, or other ongoing financial obligations.

During the application process, your agent will review your answers to determine how much coverage you need. This is also an opportunity for you to ask your agent any questions you have about the policy. You will usually include a check for the first premium payment with your application and get temporary coverage until it is processed, which typically takes about a month or more.

Most life insurance policies require a medical exam to evaluate your health and to learn more about your lifestyle and occupation (for example, dangerous hobbies like scuba diving may increase rates). You will also name your beneficiaries, which are the people or entities that will receive the death benefit when you die. Typical beneficiaries are your spouse, children or other loved ones but you can also choose to leave money to a charitable organization.

There are multiple types of life insurance, including whole life and universal life, that have varying bells and whistles. The main difference between these and term life is that whole and universal life policies last your entire lifetime and build cash value, while term policies have a fixed length of time and don’t have that built-in feature.

We offer competitively priced, guaranteed issue term life insurance from Pruco. TermEssential offers the ability to convert to a permanent policy in the future and PruTerm One is designed for small business owners who want to create a legacy for their family or employees.

Please note that all life insurance products are subject to change and the guarantees contained herein are based on the claims-paying ability of the issuing company. Life insurance and annuity products are not a deposit, not FDIC insured, not federally insured, not a bank guarantee, not a condition of any banking activity, and they may lose value. All policies contain exclusions, limitations, reductions in benefits, and terms for keeping them in force.

Whole Life

Whole life insurance is a type of permanent policy that provides coverage for an entire lifetime.1 It has a death benefit component, a savings component, and accrues cash value on a tax-deferred basis. Whole life policies are the most common form of permanent life insurance in the United States.

A key advantage of whole life insurance is that the death benefit is guaranteed to be paid, and the cash value accumulates at a fixed rate over time. It is also possible to borrow against the policy’s cash value, and the proceeds are tax-free.2 In addition, many participating whole life insurance policies pay dividends to their owners. These dividends can be withdrawn as cash or used to reduce the premium, which may lower your cost of coverage over time.

Like other forms of permanent life insurance, a whole life policy offers several unique benefits, including guaranteed cash values, protection for an entire lifetime, and possible dividends. However, these features can also make it more expensive than other forms of permanent insurance.

The main reason that people purchase life insurance is to provide financial security for loved ones in the event of their death. Whole life insurance is designed to help cover funeral expenses, provide income replacement, and protect against unexpected or unavoidable debt.

When people choose to buy a whole life insurance policy, it is important to choose a company with a strong reputation for financial strength and stability. A good way to determine this is to check the company’s rating with independent sources such as A.M. Best, Moody’s Investors Service or Standard & Poor’s.

Buying a whole life insurance policy is a significant financial decision, and you should consult with an experienced insurance or financial professional to discuss your needs and ensure that you get the right type of coverage for your situation. If you’re ready to find a provider that can offer a whole life policy, MassMutual’s Life Insurance Agent Locator can connect you with someone who can help. You can also consider partnering with a reputable wealth management firm that is well-versed in life insurance to ensure your family’s future is protected.

Universal Life

If you need life insurance coverage that will provide protection for the rest of your life but you also want the flexibility to adjust your premium payments and cash value accumulation (within limits set by the insurer), a universal life policy may be the right choice for you. This type of policy provides the best of both worlds between term life and whole life policies in terms of coverage duration, premium payment options, and death benefit flexibility.

While both whole life and term life provide permanent protection and build a cash value component, a universal life insurance policy offers more flexibility in both your premium payments and the potential for higher cash values over time because the interest rate varies depending on market conditions (though a minimum guaranteed rate is provided). In addition, your death benefit can be paid in a tax-free lump sum to help your family with final expenses or other debts.

Universal life policies come in a variety of forms, including indexed universal life, variable universal life, and guaranteed universal life. Our team can help you determine what your needs are and recommend the most appropriate product to meet those needs.

Ultimately, no matter which option you choose, you can count on your death benefit to be there for your loved ones when you are gone. This money can help replace your lost income, pay for funeral costs, cover estate taxes, and more. It can even be used to pay off your mortgage or other debts and provide an inheritance for your heirs.

A death benefit can also help your loved ones with educational needs, retirement planning, or any other financial goals you might have for them. In addition, a life insurance policy can provide security for your business and family as it covers any unexpected expenses and allows you to leave behind a legacy.

The bottom line is that life insurance shouldn’t be too complicated. Term life policies provide peace of mind for your family and are the most cost-effective way to achieve your life insurance goals. If you are interested in exploring the benefits of permanent coverage with flexible payments, cash value growth, and even investment opportunities, contact us to learn more about our universal life insurance policies.

Variable Life

A variation of permanent life insurance, variable life policies include a cash value component that allows the policyholder to choose how that money is invested. This flexibility comes at a cost, however. Since the policy is more closely tied to investments, there is a greater chance of losing money than with other types of permanent life insurance.

Like whole and universal life, a variable life policy pays out a death benefit when the owner dies. The amount of that payout is determined by the cash value account’s performance and the underlying investments chosen by the policyholder. Because of this added risk, the premiums for a variable life insurance policy are often much higher than for other types of permanent coverage.

The money in a variable life policy’s cash value account grows on a tax-deferred basis, similar to money in a retirement account. If the investment performs well, you may be able to withdraw funds or borrow against them. However, you’ll need to keep in mind that the amount of money you withdraw will be reduced by the costs and charges associated with the policy, as well as surrender fees.

When choosing a variable life insurance policy, look for a company with a high financial strength rating from ratings agencies such as AM Best and Moody’s. Also, it’s important to understand the guaranteed parts of the policy (e.g., the death benefit) as well as its potential worst-case scenario in case the investments tank.

Because of the risks involved, variable life insurance is only appropriate for those who can afford to pay high premiums and are financially prepared to take on investment risk. For most people, a term life policy with a savings component is the better option.

In Canada, variable universal life (VUL) policies are sold by insurance agents who have completed the provincial life insurance licensing requirements and abide by the country’s national life insurance regulations. As a result, VUL policies aren’t considered securities and therefore receive less regulatory scrutiny than regular investments. However, they are still required to undergo medical underwriting.

How a Realtor Can Help You Buy or Sell a Home

Realtor Savannah GA typically work on a commission model, meaning they earn a percentage of the home’s sale price. That percentage can be flexible and negotiable.


It’s important to hire a Realtor who is familiar with your local market and is bound by the National Association of Realtors (NAR) code of ethics. This will ensure that you get the best possible deal.

If you’re buying a home, your Realtor will help you find the best financing and negotiate with the seller. They’ll also be familiar with local schools, property values and neighborhoods to find you a house that meets your needs and budget.

On the flip side, if you’re selling your current home, a Realtor can help you find the right buyer and make sure all the details are managed smoothly from contract to closing. They’ll help you stage your home to appeal to buyers and manage open houses or private showings. They’ll also be familiar with common negotiation tactics, so you’re more likely to get a higher sale price and better terms.

A Realtor can also recommend reliable contractors to perform pre-buying investigations. These may include termite, radon, asbestos and faulty structure inspections, along with well and septic tests. They can even assist you with getting a title report, which indicates ownership and can be complicated by liens, easements and other restrictions.

Buying or selling a home is one of the biggest financial transactions you’ll ever undertake. For this reason, it’s crucial to choose a Realtor with a strong track record of honesty, integrity and market expertise. Ask friends and family for recommendations, and check online reviews. A Realtor with a solid reputation will put you at ease and ensure a smooth, successful transaction.

When you see the word “Realtor” in a real estate professional’s name, it means they are a member of the National Association of Realtors (NAR). In addition to receiving training and resources, they have a fiduciary duty to protect their clients’ interests and will always put those interests ahead of their own.

Many people believe they can save money by selling their homes on their own, known as a for-sale-by-owner or FSBO. In reality, this approach can be stressful and costly. Besides marketing, staging and repairing the home to sell, there’s the paperwork, deadlines and legal ins and outs to keep track of. And according to a study by Collateral Analytics, FSBO sellers often sell their homes for less than they would have received with an agent.

They Help You Find a Home to Rent

Real estate agents not only help home buyers and sellers; they can also assist renters who are looking for a home or apartment to rent. A local agent will be able to tell you about neighborhoods that are best suited for your lifestyle and apartment size requirements, as well as the current market for renting properties in your area. They can set up viewings and send you information about new listings that fit your specifications.

In large cities, where demand for rentals is high, it’s common for Realtors to specialize in rental property marketing and leasing. Some agents focus entirely on rentals, while others may only provide these services when they are not working with a client who is buying or selling a home.

A Realtor can help you find an apartment or house to rent that is within your budget and offers the amenities you need. For instance, they can point you to apartments that accept pets or that are located in quiet neighborhoods. They can also advise you on what to expect when signing a lease, including responsibilities and penalties.

Some landlords will work with realtors to find tenants for their vacant properties. A Realtor will be able to verify a tenant’s credit and income, and can assist the landlord in preparing a written rental application and completing the lease process.

While there are some online resources available to help you find a home to rent, a good way to connect with a Realtor is to ask for referrals from family or friends. If they’ve worked with a Realtor to buy or sell a property, they can recommend them for your rental search.

Real estate agents who work with both renters and owners of properties can earn a commission for each transaction they complete. The exact rate they charge for their services can vary by location. Some agents will charge a flat fee, which is typically the equivalent of one month’s rent. Other realtors will earn a percentage of the first month’s rent when they find a tenant for a property.

They Help You Find a Mortgage

Although it is possible to buy or sell a home without a Realtor, most buyers and sellers choose to use one because of the extra services they provide. Realtors can help with the complex paperwork involved in real estate transactions, negotiate between buyers and sellers, and advise clients on home financing options. They also have access to local real estate market data and transaction management services.

A Realtor is a member of the National Association of Realtors, and as such, they adhere to the NAR Code of Ethics. This is a set of guidelines that helps protect consumers and ensures that Realtors act fairly and ethically in their business dealings. This code is an important part of what gives the title “Realtor” such a high level of prestige and trust.

Realtors are able to connect their clients with mortgage lenders that are both easy to work with and offer competitive rates. They can also recommend home inspectors and title companies to their clients. This can save the client a lot of time and hassle, as well as money.

Buying or selling a home is often a stressful process, and having an experienced Realtor to guide the client through it can make all the difference. They can help the client avoid expensive mistakes that can be made in a hurry and provide peace of mind during a chaotic time.

A buyer’s Realtor can also help the client avoid wasting time on homes that are out of their price range. They have access to the Multiple Listing Service and know how much similar homes in the area are selling for, so they can tell if a seller is asking too much.

While some people try to go it alone and buy or sell a home without a real estate agent, this is a mistake. Purchasing a home is often the largest financial decision most people will ever make, and it’s not a process that should be rushed or done without professional guidance. Besides, going it alone can lead to costly mistakes that could cost the client thousands of dollars.

They Help You Sell Your Home

If you’re selling your home, a Realtor can help you set the price based on local market conditions and recent comparable sales. They can also advise you on how to prepare your house for sale and suggest repairs or upgrades that will increase your home’s value. Real estate agents can also tell you about amenities in the area, such as public transportation and good schools. And if you’re buying, they can point out homes with features you want, such as a pool or a large garage.

Some homeowners try to sell their own homes without an agent, known as a For-Sale-by-Owner (FSBO) transaction. But this is usually a bad idea. In one survey, FSBOs sold their homes for an average of $64,000 less than homes sold through a Realtor. Plus, it’s a lot of work – think showing your home to strangers, dealing with inquiries from other agents and buyers, disclosures, inspections, contracts, escrow, potential re-negotiations, and more. Realtors can handle all of this for you, and they only get paid if your home sells.

Realtors are licensed real estate agents who are members of the National Association of Realtors (NAR). This designation is a mark of professionalism that ensures that you’re working with a qualified, knowledgeable, and committed professional. Realtors also must adhere to NAR’s Code of Ethics, which requires them to put their clients’ best interests first.

A professional Realtor has extensive knowledge of the local real estate market, including home values, trends, and other local information that can affect your decision to buy or sell. They can also assist you in finding lenders and evaluating mortgage options. They will take into account your specific needs and goals when advising you on your home purchase or sale, and they will negotiate on your behalf to obtain the best terms and price for you. They will also be able to provide you with information on taxes, utility costs, and municipal services and facilities.