Life Insurance

Mortgage protection insurance is a specialized life insurance policy designed to pay off that debt in the event of your death.

They’re long-term contracts from an insurance company where you invest your money. In return for your investment, you get income in the form of regular payments.

Life insurance policies help provide security to either you or your beneficiaries after you pass away or after a designated period of time.

A funeral plan is a basic life insurance policy that provides money to pay for the policyholder’s funeral expenses when they pass away.

Universal life (UL) insurance is permanent life insurance (lasting the lifetime of the insured) that has an investment savings element and low premiums similar to those of term life insurance

Everyone deserves a secure financial future — and that’s why life insurance is so important.

Whole Life provides coverage for your whole life while accumulating cash that you can use with a fixed rate of return. Payments are fixed and never increase, and there is guaranteed death benefit. It is also a popular choice for those who use the Infinite Banking Concept (IBC), provides the most guarantees, but for this reason is also the most expensive form of life insurance.

Indexed Universal Life Insurance policies are flexible premium permanent life insurance policies that use indexing to help you capture the upside of the market while providing downside protection by eliminating market risk. Section 7702 of the IRS Tax Code states that proceeds from a life insurance policy, including the cash value in permanent life insurance products, receive favorable tax treatment. If structured properly for maximum cash accumulation, you can take advantage of the tax code to create a formidable stream of income later in life tax free, while still providing your family with a death benefit. We specialize in IUL's here at Community Life Agency. Find out if an IUL is right for you!

Final Expense policies are smaller whole life policies that are designed to help seniors cover their burial, funeral, and final expenses. Certain carriers offer upto $50k in coverage and provide coverage for folks upto the age of 89. We also work with carriers that provide coverage if you have cancer or are terminally ill. Whether you want to cover your funeral or leave a little extra behind for a loved one when you pass, chances are we can find you coverage.

Return on premium is a percentage of the premium paid that is returned as a rebate, while cashback is a percentage of the purchase amount returned to the customer as a reward. Both incentives can help customers save money and maximize the value they receive.