TRUE REACH LIFE OFFERS CRITICAL LIFE INSURANCE OPTIONS THAT FIT YOUR BUDGET

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True Reach Life helps you simplify your Life Insurance decisions and shows you how your policy can serve as an investment in yourself and those you care about most.

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ABOUT TRUE REACH LIFE

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At True Reach Life, we are committed to providing an easy and stress-free experience when it comes to selecting life insurance products that protect your family, and your wallet.

Whether your goal is to ensure financial assistance for your loved ones through Final Expense Insurance, safeguard against market volatility with an Index Universal Life policy, or leverage Term Life products for mortgage protection, True Reach Life is dedicated to finding you the best program that fits your needs with an emphasis on your best interests.

FINAL EXPENSE WHOLE LIFE INSURANCE

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Final expense insurance, also known as burial insurance or funeral insurance, is a type of life insurance policy specifically designed to cover the costs associated with a person's funeral, burial, and other end-of-life expenses. The primary purpose of final expense insurance is to alleviate the financial burden placed on surviving family members or loved ones after the insured individual passes away.

Here are some key features of final expense insurance:

  1. Coverage Amount: Final expense policies provide a death benefit that typically ranges from a few thousand dollars to $50,000. This amount is intended to cover funeral expenses, burial or cremation costs, memorial services, medical bills, outstanding debt, and other related expenses.
  2. Simplified Underwriting: Final expense insurance often involves simplified underwriting, which means the application process is generally easier and less stringent compared to traditional life insurance policies. The application only requires answering a few health-related questions but generally does not require a full medical exam.
  3. Permanent Coverage: Final expense insurance is usually a form of permanent life insurance, such as whole life or universal life insurance. This means the policy remains in force for the insured person's entire life, as long as the premiums are paid.
  4. Fixed Premiums: The premiums for final expense insurance are typically fixed and do not increase over time. This allows policyholders to have predictable and manageable payments throughout their lifetime.
  5. Beneficiary Designation: The death benefit is paid out to the designated beneficiary upon the insured individual's passing. The beneficiary can use the funds to cover funeral expenses, outstanding debts, or any other financial obligations related to the final arrangements.

Final expense insurance aims to provide peace of mind by ensuring that the financial burden of funeral and burial expenses is taken care of, relieving surviving family members from the potential financial stress during an already difficult time.

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INDEX UNIVERSAL LIFE INSURANCE (IUL)

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Indexed Universal Life (IUL) insurance, a form of permanent life insurance, operates in a similar manner to universal life policies, with one key distinction in how cash value accumulates. IUL cash value experiences growth based on a stock index, which comprises a collection of different stocks, rather than solely relying on non-equity earned rates. In line with universal life insurance, IUL grants the flexibility to modify your premium as the cash value expands, presenting the opportunity to create a zero-cost policy, where all premiums are covered by the accumulated cash value over time.

Through this product, you can be your own bank and leverage life insurance as an investment vehicle in your investment portfolio.

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TERM LIFE AND MORTGAGE PROTECTION

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A term life mortgage protection policy is a specific type of life insurance designed to provide financial security for your loved ones in the event of your death during the term of your mortgage. It is tailored to protect your mortgage by paying off the outstanding balance in case of your untimely passing.

Here's how it typically works: You purchase a term life insurance policy for a specific duration that aligns with the term of your mortgage, such as 15, 20, or 30 years. If you were to pass away within that term, the policy would pay out a death benefit to your beneficiaries, which they can then use to pay off the remaining mortgage balance. This ensures that your family or dependents are not burdened with the mortgage debt after your passing and can continue to live in the home without financial strain.

Term life mortgage protection policies are usually straightforward and affordable, as they are designed to provide coverage for a specific period and a predetermined amount of coverage. They offer peace of mind and financial protection specifically geared towards safeguarding your home and mortgage obligations.

OUR COMMITMENT TO YOU

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At True Reach Life, our agents are dedicated to gaining a comprehensive understanding of your present life circumstances and financial goals, enabling us to offer the best possible insurance coverage for you at a price that fits your budget. We prioritize attentive listening and thorough comprehension, then take decisive action aligned with your specific needs.