Life Insurance

Term life insurance provides affordable protection for a specified period of time at a scheduled premium level. It is the simplest form of life insurance – you choose the coverage level (death benefit), term (number of years your premium is guaranteed), and name a beneficiary (person you want to receive the death benefit if you die).

This type of coverage is best when life insurance is essential, but premium dollars are limited. It is insurance to help protect your family or business by covering expenses in a cost effective manner.

Term life insurance covers a defined period of time, so what happens if you outlive your term policy? You can renew your coverage, often at a higher premium, without having to provide evidence of good health. Depending on the carrier, you may also have the ability to convert to a permanent life insurance product without having to answer health questions.  If you can’t afford a permanent life insurance product now, convertible term life insurance protects your future insurability.

The flexible design of universal life insurance (permanent coverage) allows Graber & Associates to customize policies with features that best fit your situation.

Universal life insurance is a flexible-premium, adjustable-benefit life insurance policy that can accumulate cash value. The flexibility of this policy allows you to tailor the amount of insurance as your personal or business needs change.

With this type of life insurance, you are allowed to take tax-free* loans from your policy if needed for other obligations.  However, this action can affect the performance of your policy, so please communicate with your insurance agent. *We do not offer tax advice, please consult your tax professional.

Whole life insurance (permanent coverage) is guaranteed to remain in-force for the insured’s lifetime, provided the required premiums are paid.

Whole life insurance plans are often more costly than universal life insurance, but whole life policies have guarantees built into them. First, your death benefit is guaranteed as long as premiums are paid. Second, whole life insurance guarantees you will yield some cash value throughout the life of the contract. If the insurance company performs better than originally projected, you may see both the cash value and the death benefit grow beyond what is guaranteed due to credited dividends.

Much like universal life insurance, with whole life policies you are allowed to take tax-free* loans out of your policy if needed for other obligations. However, this action can affect the performance of your policy, so please communicate with your insurance agent. *We do not offer tax advice, please consult your tax professional.

Often known as burial life insurance, final expense insurance provides those you leave behind with the financial means to pay your remaining expenses, outstanding debts, and legal fees. This plan offers coverage that is permanent with premiums that never change.

For those individuals that are uninsurable, we do have guaranteed issue plans available. These plans will provide a maximum benefit of $25,000, however, the full death benefit is not available until the policy has been in force for two years.