Life Insurance 101

Going for a Walk

Merritt Financial Group will help you make an educated decision by making the options easy to understand. Discuss, Apply, Insured.

Buy life insurance online

LIFE INSURANCE

Term Insurance


Term Life Insurance could make sense for those who have a temporary need 10,15,20 or 30 years, financial limitations or large coverage amounts. Applying for term insurance online with our revolutionary application process has never been easier. Discuss. Apply. Approved. Features:

  • Death Benefit is guaranteed for a fixed period
  • Premium Fixed
  • No cash value
  • Protection is for a certain period of time (Term), normally for a specific number of years or to an age of the insured
  • Premiums tend to be lower in the beginning but will eventually increase.
Book-Online Meeting




Whole Life Insurance


This coverage was built for people who like guarantees and who are concentrated on providing Death Benefit protection over an accumulation of cash value. Applying for Whole Life insurance online with our revolutionary application process has never been easier. Discuss. Apply. Approved Features:

  • Death benefit guaranteed
  • Cash value guaranteed
  • Possible additional cash value by the receipt of any dividends declared by the company. However not guaranteed, dividend payments are generally declared annually by the insurer
  • Fixed premiums that will never change
Book-Online Meeting




Indexed Universal Life Insurance


Could be of interest to those who need Death Benefit protection but are concentrated on cash value growth for lifetime needs, such as a retirement income. Increasing the Death Benefit may be subject to additional underwriting approval. Applying for Indexed Universal Life insurance online with our revolutionary application process has never been easier. Discuss. Apply. Approved Features:

  • Death Benefit flexibility
  • Premium flexibility
  • Accumulation of cash value is based on an interest crediting strategy that is tied to changes in a market index such as the S&P 500.4
  • Protection through minimum guarantees to make sure that your money will not be lost due to declines in the market
Book-Online Meeting




Variable Indexed Universal Life Insurance


This policy design is for the customer who needs Life Insurance but would like to have the ability to choose how their cash value is invested. Guarantees are dependent upon the claims-paying ability of the insurer and do not protect the value of the variable product portfolios, which may fluctuate. Variable policy holders are subject to investment risks, including the possible loss of principal invested. Applying for Variable Indexed Universal Life insurance online with our revolutionary application process has never been easier. Discuss. Apply. Approved Features:

  • Death Benefit flexibility
  • Premium flexibility
  • Accumulation of cash value is based on the performance of the professionally managed bond, stock and money market sub-accounts that you pick. You can create a portfolio to mirror your risk allowance and level of comfort. Cash values can change based on the sub accounts in which you are invested and may lose value, including principal.
Book-Online Meeting




Universal Life Insurance


Universal Life Insurance would be ideal for the insured who has a need for Life Insurance, somewhat conservative, and wants the guarantees of a fixed, minimum interest rate with the possibility for earning a higher return rate. Raising the Death Benefit may be subject to an approval from underwriting. Applying for Universal Life insurance online with our revolutionary application process has never been easier. Discuss. Apply. Approved Features:

  • Death benefit flexibility
  • Premium flexibility
  • Policy cash values are credited at a current interest rate that is set by the insurance company, which can change, but will never be lower than a guaranteed minimum interest rate.
Get a quote!




Living Benefits


Most people purchase Life Insurance to provide a legacy of financial security at the time of their death. But doesn’t it make sense for the benefits to extend and be available for the difficult financial times they have to face if a Chronic, Critical or Terminal illness precedes death? The industry calls the benefit an “Accelerated Death Benefit Rider.” We refer to it as Living Benefits. On most of our policies, Living Benefits are provided to you at NO additional cost. With out revolutionary process of buying life insurance online it has never been easy to put living benefits in place. Book-Online Meeting





 

What type of policy is right for me?

You are someone's everything. Make sure you protect you and them

People over 40 will suffer a critical illness at some point in there life 

Of heart attack victims are under the age of 45

Of bankruptcies are due to a critical illness

Of homeowners lose there homes due to a critical illness

Of american adults are uninsured 

Of homeowners do not own a retirement savings account