Life
Term Life Insurance
Term life insurance with both living and death benefits is a variant of a term life insurance policy that offers additional benefits beyond the standard death benefit. Unlike traditional term life insurance, which typically only pays a benefit in the event of death during the term of the policy, this type incorporates features that provide benefits both during the life and after the death of the insured. Here are some common features:
- Death Benefit
– Similar to standard term life insurance, this type of policy provides a death benefit to designated beneficiaries if the insured dies during the policy period.
- Benefits in Life
– Add the possibility of receiving living benefits in the event of a chronic illness, where you are unable to care for yourself. You will receive a percentage of the policy by making your payments while you recover.
- Fixed Premiums During the Term
– Typically, the insured pays fixed premiums for the duration of the term, which facilitates financial planning.
This type of policy combines the traditional protection of term life insurance with the possibility of receiving living benefits, thus providing greater flexibility and options for the insured.
Contact
- 103 Century 21 Dr, Jacksonville, FL 32216
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+1 904 4286159
+1 904 3263088 -
belkys.polanco@segurosjax.com
hector.blanco@segurosjax.com
cotizacion@segurosjax.com
info@segurosjax.com
Brochures
View our 2025 prospectus of
brochure for an easy to read guide on
all of the services offer.
Indexed life insurance
It may be ideal for those who need death benefit protection but are focused on accumulating cash value for lifetime needs, such as supplementing retirement income.
Increased death benefits may be subject to additional underwriting approval.
OFFERS
Flexible death benefit
Flexible premium
Cash value grows based on an interest crediting strategy tied to changes in a market index like the S&P 500.4
Downside protection through minimum guarantees3 to ensure your cash value won't decrease due to declines in the index.
Final expenses
Final expenses in the insurance context refer to the costs associated with the management and disposition of a person's affairs after their death. These expenses relate to funeral arrangements and other administrative matters that arise after an individual's death. Some common final expenses include:
- Funeral Expenses
– They include the cost of funeral services, such as the wake, ceremony, coffin, cremation, or burial, as well as other related items.
- Legal and Administrative Expenses
– Costs may arise associated with estate management, the preparation and filing of legal documents, and any necessary probate proceedings.
- Inheritance Taxes
– Depending on the jurisdiction and the value of the estate, there may be inheritance taxes that must be paid as part of the final expenses.
Proper planning, such as purchasing final expense insurance or creating a specific fund to cover these costs, can help ease the financial burden on loved ones after death. Final expenses are an important part of estate planning, and considering them can help ensure a smoother transition for family and beneficiaries.
