Life Insurance Products To Help You Meet Your Financial Goals

When you purchase a life insurance policy, you have specific goals in mind. Life insurance frees your family from the burden of managing your final expenses. Your policy can provide financial support to help your family maintain their lifestyle in your absence. You can also build a nest egg to pay for college and other costs that arise as your family grows.

Contact McLaughlin Insurance Agency today for a no-obligation life insurance quote. Give us a call at (203) 245-8287. Our agents will help you choose the right policies to help you meet your financial goals.

Term Life

Term Life policies are “pure insurance.” They are no-frills coverage with no savings or cash value-building components. That’s why they’re such an economical option.
Term insurance provides coverage for a specific time period–usually one to 20-years. The premium remains consistent during the selected term. When the term expires, the renewal premium may increase. Many term policies offer you an option to convert to a whole life policy.

Whole Life

Universal Life

Annuities

An annuity provides alternatives for saving or distributing retirement funds. When you contact our agency, we can arrange an annuity contract that allows you to invest via a lump sum, a periodic payment, or both. An annuity gives you financial flexibility.

• To plan for your future, you can build retirement savings by investing periodic payments into your annuity.
• You can establish an annuity to build cash for your children or grandchildren.
• If you’ve reached retirement age, you can roll over a portion of your retirement benefits or pension into an annuity contract. You can establish an immediate payment schedule or postpone your distribution. Your tax consultant can advise you on setting up your annuity as a tax-deferred retirement fund.

Long-Term Care Insurance

As you age, your living requirements often change. If health concerns or physical issues take away your independence, Long-Term Care insurance pays for your required care. It also eliminates the need for financial assistance that may require you to relinquish your assets.

You should also consider these relevant Long Term Care Insurance benefits.

• You establish your premium rate when you purchase your insurance. The younger you are when you obtain your policy, the more economical your premium will be.
• Regardless of your age, your coverage will pay for your care if you are seriously or catastrophically injured, or you sustain an illness or condition that requires long-term care.

It’s never too soon or too late to focus on a plan to protect your family or strengthen your retirement resources. Call us at (203) 245-8287 to discuss our life and financial products and to get a personalized quote.