You don’t have to pay into insurance that only offers benefits when you die. Living benefits plans cover you in the event of major health issues like heart attack, stroke, and other debilitating and potentially catastrophic events.

Wouldn’t it be nice to get your premiums back at the end of the term? Many of our carriers offer this option in both term, whole life and mortgage protection options. Here’s a quick overview video.

The most affordable type of life insurance, term policies offer coverage for a specific period of time. Many policyholders choose coverage for 10 to 30 years, depending on age and health considerations. These plans may be purchased without a physical exam requirement. Ask your Basoco Agency advisor if a term life policy is right for you.

IUL plans offer adjustable benefits and cash value benefits, in the form of a permanent policy that you can use as an infinite bank. When you need cash for big expenses, weddings, college, retirement, or any need, your Indexed Universal Life cash balance allows you to borrow against your policy.

For businesses who rely on certain employees for their success, Key Person Insurance provides continuity after the death of an owner or employee. This type of plan pays the death benefit to the business if the insured key person passes away.

Indexed Annuities provide guaranteed protection against loss while benefiting from growth.  They can provide a lifetime income that you and your spouse can’t outlive and can be drawn upon in the event of critical, chronic, or terminal illness to fight while you’re alive without draining your savings. Plus, they leave a death benefit to anyone or organization that you choose.  These can be a good option for old 401-Ks and other windfalls in preparation for your desired retirement.

Ensure that you have the income you need in retirement with a policy created to give you flexibility and a tax-free retirement income. Basoco Agency advisors may recommend one or more insurance products designed to give you that freedom and financial security during your retirement years.

(PMI) Private Mortgage Insurance pays the mortgage company in the event of your death, but Mortgage Protection insurance pays off your mortgage. In the event of your death, your family can stay in the family home without worrying about mortgage payments. The tax-free cash infusion can also be used to pay off any debt you choose.

This type of whole life insurance policy pays the immediate costs after death: funeral, burial, court costs, and medical bills. Relieve your family of the worry and burden of paying for your final expenses with a plan that lets them grieve without added financial stress.