Long Island Individual Life Insurance | New York Individual Life Insurance

Whether you die too soon or live too long, life Insurance is the foundation when planning for your family's financial security. Life insurance allows families to remain secure and allows you to keep your future promises...today, should you or your spouse die prematurely.

Everyone's needs vary for life Insurance and the below graph provides an easy to understand comparison of the types of policies available. With over 35 years of experience advising clients on their needs for life insurance, and matching the right product to their situation, we encourage you to call us for a review.

	Term/Life	Universal Life	Whole Life	Variable Whole Life	Universal Whole Life
Policy Term	Stated in policy	Until age 95	life	life	life
Types of Death Benefit	Determined	Variable	Determined	Variable	Determined and Variable
Existence of Cash Value	No	Current rate, guaranteed minimum	Fixed rate, guaranteed	Variable rate, not guaranteed	Variable rate, not guaranteed
Types of Death Benefit	Determined	Variable	Determined	Variable	Determined and Variable
Options of Choice of Cash Value Investments	N/A	No	No	Yes	Yes
Regulatory Agency	Insurance	Insurance	Insurance	Insurance & Securities	Insurance & Securities

Term Life Insurance provides:	The largest, immediate death benefit for your premium dollars. Death protection for a specific length of time. Premiums that rnay be guaranteed for 5, 10, 15 or 20 years. May be renewable to age 70 or 80 in New York.
Universal Life Insurance provides:	Flexible premium payments. Adjustable death benefits. Cash values credited with interest at a rate determined by the insurance carrier. Interest accumulates tax deferred under current tax laws. Withdrawal or loan privileges.*
Whole Life Insurance provides:	Guaranteed level premium payments. Guaranteed level death benefits for as long as you live. Guaranteed cash values. Loan privileges.
Variable Whole Lile Insurance provides:	Flexible premium payments. Adjustable death benefits. Tax-deferred growth of policy's cash value. Loan privileges.
Variable Universal Life Insurance provides:	Flexible premium payments. Adjustable death benefits. Investment performance of selected portfolios directly affects the cash value of policy. Investment options in stock, bonds or money market portfolios. Multiple, professionally managed, investment portfolios. Portfolios selected by individual policy holder. Tax-deferred growth of policy's cash value. Withdrawal or loan privileges.*

Withdrawals and loans may reduce the cash value and death benefit of the policy.

Individual Life Insurance

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