Life Insurance

 

We offer many different types of Life insurance. With multiple products available, BL Insurance Brokerage can help you navigate through the various options to provide you and your family with the most optimal solutions to your needs. Some of the needs that life insurance can address are as follows:

 

Key Person Life Insurance - In general, it can be described as an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business.  Click Here for more information.

 

Buy-Sell-Funding-This can protect yourself, your co-owners and your business from a disability using a buy-sell plan. Click Here for print out information.

 

Final Expense Protection- This protection can give pease of mind for you and your family. Click Here for print out information.

 

Mortgage Protection- This refers to the type of term life insurance in which you pay a premium that is locked in for a specified length of time (term), usually the duration of your mortgage. If you die while the coverage is in effect, the insurance pays your beneficiary enough to satisfy your mortgage balance.

 

Estate Preservation- Irrevocable Life Insurance Trusts (ILIT's) can be used to keep life insurance benefits shielded from taxable estates. For larger net worth individuals, ILIT's can be used to pay for or replace taxes left after exhausting the maximum lifetime unified credits.

 

It's important to find out how much insurance you need. Click Here to receive a worksheet and feel free to call or email us with any questions.