Life insurance is a critical component of a sound financial plan for your family-or for your business. It provides needed protection in the event of premature death. For personal needs, having sufficient coverage assures that your family can maintain their lifestyle in the event of your death.

For business needs, life insurance can be used for a number of reasons. It may fund a buy-sell agreement to transfer ownership of the business at death or it may provide liquidity to replace a key employee. For estate planning needs, life insurance can provide estate liquidity and maximize wealth transfer.

There are many types of policies-term and permanent. Single life and joint survivorship. Choosing the right policy requires sound advice. Balanced Insurance Group is here to help. We get to know you, and understand your needs and goals. We can help you sort through your options so you can make the right choices.

Because everyone has different needs, no single type of life insurance is right for everyone. If you want life insurance for a specified period of time-long enough to cover your responsibilities to those who depend on you for financial support, but not longer, than term life may be right for you. If you desire coverage for a lifetime- to provide estate liquidity, or to transfer wealth to future generations, some type of permanent coverage may be right for you.

The two types: Term vs. Permanent

Term Insurance
      •  Provide coverage for a specified period of time: typically 10, 15, 20 or 30 years
      •  Level guaranteed premium
      •  Affordable way to get maximum coverage
      •  No cash value
      •  Addresses temporary needs

Permanent Life
      •  Protection for your whole life, or on the life of a married couple
      •  Offers flexibility in paying premiums
      •  Builds cash value
      •  Addresses permanent needs such as estate liquidity or wealth transfer to future generations

Working with Balanced Insurance Group, getting life insurance is easy. With one exam, we use our resources to search at least 50 different life insurance companies to find the best price for any type of life insurance policy you need. Not only do we find the best price, we get the best price. How do we do this? Often times, Balanced Insurance Group will submit multiple applications upfront for our clients allowing them to accept the best offer only after underwriting is complete. This multiple application process allows our clients to obtain significant negotiating leverage with the insurance companies. This means more competitive solutions and better choices for you, our client.