Why Consider an Individual Life Insurance Policy?
A life insurance policy will protect your loved ones when you no longer can by providing money to help pay for outstanding debt, mortgage payments, college tuition and final expenses. Unlike a group insurance policy an individual insurance policy remains with you for the duration that you choose. Individual policies can also be customized to fit your personal needs. The premium amount is based on factors such as your age, gender, medical history, the amount of life insurance and the type of life insurance you choose.
Based on your personal needs we can recommend the type of insurance that will work best for you. These types of policies include:
Whole Life Insurance
Universal Life Insurance
Variable Life Insurance
Why Consider Life Insurance for your Business Needs?
Key Man life insurance is coverage that will protect your business in the case of the untimely death of a top manager or executive. Proceeds from the policy can be used to hire and train a replacement, pay the businesses debt or to sell the business at fair market value.
Life insurance can also be used to fund a buy-sell agreement. The co-owners of the business would buy life insurance policies on the lives of each co-owner. In the event of one’s death, that money would be paid to surviving family members as payment for that co-owner’s interest in the business.
Term life insurance is a great low-cost option you can use for both of these arrangements.
IMA Life Insurance Services & Capabilities
Analysis of current coverage (if any)
Identify personal and/or business needs
Recommend alternative solutions
Assist with application process including underwriting and paramedical exam
We have many different partners to bring you the best solutions.