Term Life Insurance

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

This type of coverage is best when the life insurance policy is essential, but dollars are limited. It’s a plan that can help protect your family and business by covering expenses, but without breaking the bank.

Term life insurance covers a well-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 plan.

Each carrier will offer extra riders (add-ons) at an extra cost. Examples of these riders are as follows: Waiver of Premium for Disability, Children’s Term Rider, and Return of Premium

Universal Life Insurance

The flexible design of universal life insurance allows Graber & Associates to customize policies with features that best fit your lifestyle.

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

With a universal plan you choose both the amount of protection that best suits your family or business, and the amount and frequency of payments.

You are allowed to take tax-free* loans out on your Universal Life Policy, which will reduce your cash value. *We do not offer tax advice, please consult with your tax professional

A universal live insurance plan is also often called a permanent life insurance plan.

Whole Life Insurance

Whole Life Insurance is a life insurance policy that is guaranteed to remain in-force for the insured’s entire lifetime, provided the required premiums are paid.

Whole Life Insurance plans are often more costly than Universal Life Insurance Plans, but Whole Life plans have guarantees built into them. The first guarantee is that your death benefit is guaranteed as long as premiums are paid. The second guarantee is that you will yield some cash value throughout the life of the contract. If the insurance company performs at a higher clip than expected, you may see both your cash value and death benefit grow out of what is guaranteed.

Much like Universal Life Insurance, with Whole Life you are allowed to take tax-free* loans out of your policy which will reduce your cash value. *We do not offer tax advice, please consult with your tax professional

Final Expense Insurance

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

Whole Life Insurance plans are often more costly than Universal Life Insurance Plans, but Whole Life plans have guarantees built into them. The first guarantee is that your death benefit is guaranteed as long as premiums are paid. The second guarantee is that you will yield some cash value throughout the life of the contract. If the insurance company performs at a higher clip than expected, you may see both your cash value and death benefit grow out of what is guaranteed.

For those individuals that are uninsurable, we do have Guaranteed Issue* plans available. These plans will go up to a maximum of $25,000. *Guaranteed Issue plans have a 2 year graded death benefit

Fixed Annuities

Fixed Annuities are a safe place to hold your money that will often yield a higher annual percentage than CD’s at your local bank. Fixed Annuities are sold and administered by Life Insurance companies. Interest rates in these plans are guaranteed and set by the Insurance companies. Surrender periods do apply, meaning that you need to choose a comfortable investment period of time to have your money tied up with minimal access to those funds. Growth within these plans grow tax deferred, but please note that any money you take out of the plan is taxed on a first-out basis.

Fixed Indexed Annuities

Fixed Indexed Annuities are tax deferred, long term savings options that provide protection during down markets. Fixed Indexed Annuities are sold and administered by life insurance companies. Returns are often based on an index of your choice. Examples of these indexes are as follows: S&P 500, Nasdaq, Dow Jones, and Russell 2000. Growth in Fixed Indexed Annuities can outperform your typical Fixed Annuities depending on the market index performance, and keep in mind that you have protection against a market down-turn. This means, if your indexes perform inversely, you will not lose any of your principal investment.

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