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Life Insurance

Safeguard your family’s future with the right life insurance policy.
Serving Parker and all of Colorado.

Don’t leave the future of your loved ones to chance. Having the right life insurance is pivotal in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you’ve made to your family when you are gone.
Insurance Management Brokers can help you find the right life insurance policy for you and help ensure that your policy continually meets your needs. Contact us today to get started.

Life Changes — So Should Your Policy

The right life insurance policy will be unique to you and will depend on your personal and financial needs.
As your life changes, your life insurance coverage may need to change to accommodate your current needs.
Some life changes that may require a policy update include the following:

You recently married or divorced
You have a new child or grandchild
You have opened or expanded a business

Has your health or your spouse’s health worsened?
Are you tired of attention or financial assistance to your father or mother?
Does your child or grandchild require assistance or long-term care?
Have you recently purchased a new home?
Are you planning the education of a child or grandchild?
Are you worried about your retirement income?
Have you refinanced your mortgage in the last six months?
Have you or your spouse recently received an inheritance?
Do you have a sizeable estate?

Common Types of Life Insurance

There are several different types of life insurance policies available — the most common include the following:

Term Life Insurance

Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than whole life insurance, and is available in varying time periods with fixed premiums from a one-year (annual renewable term) to 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

Whole Life Insurance

Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.

Universal Life Insurance

Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

Advantages of Life Insurance

Not only can life insurance provide assurance for your
family after you are gone, many life insurance options
offer other benefits and investment opportunities you
can take advantage of while you are living.

Advantages of the life insurance death benefit:

When you pass away, your life insurance provides income tax-free money to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Advantages of Living Benefits:

The cash value growth of a whole life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a whole life insurance policy to help with expenses, such as college tuition or the down payment on a home.