Life

Life Insurance

While no one likes to think about the possibility of premature death, life insurance can create an immediate cash fund for loved ones so even if death is premature, financial security for your family is possible. Life insurance provides beneficiaries money to cover expenses and maintain their lifestyle in the event that the unexpected happens. Life insurance can help pay for funeral costs and can replace lost income. It can cover estate taxes, maintain mortgage payments, and ensure that you will have the means to fund your children's education.

At Cullen & Associates, we understand the importance of choosing the right Life Insurance plan. Contact one of our knowledgeable life agents to discuss the type of policy and coverage amount that is right for you.
 

Permanent Life Insurance

Permanent Life Insurance is desigened to provide life-long coverage with benefits and features that are not commonly available with term life insurance products.  Permanent policies create guaranteed cash values, level or flexible premium payment plans, tax deferred savings, and guaranteed death benefits.  The following permanent plans are available:

  • Universal Life
  • Whole Life
  • Simplified Issue Children's Plans

 

Term Life Insurance

Term Insurance provides a benefit for a specified duration of time such as 10, 20, or 30 years.  Term insurance is designed to provide for short-term needs such as debt obligations, mortgage payments, or financial protection to fund family needs while children are young.  Typically term insurance does not provide cash value, but can be endorsed to be converted to a permanent policy.  The following term products may be right for you:

  • 10, 20, or 30 Year Level Term Insurance
  • Mortgage Decreasing Term Insurance
  • Simplified Issue Short Term Insurance

It is important to select a plan that meets your long term life insurance needs.  As your stage in life changes, so do your insurance needs.  Talk to one of our life insurance experts to design a plan that is the right fit for you and your loved ones.
 

Optional Life Insurance Benefits

  • Disability Waiver of Premium
  • Accidental Death
  • Family Plans
  • Mortgage Payment Disability Benefit
  • Payor Death and Disability 
  • Guaranteed Purchase Options
     

Long Term Care Insurance

Long-Term Care Insurance is designed to help pay for extended home health care and nursing home costs.  As our life expectancies increase, so does the liklihood that we will need to utilize Long-Term Care.  Generally, those who need Long-Term Care are those who can no longer take care of themselves and require assistance to perform the basic activities of daily living.  In today's day, nursing and home health care can be quite costly.  Long-Term Care can help to cover these costs while preserving your assets.