Broker Check

Life Insurance

Many people do not like the idea of paying for life insurance, but know that they need it. You can protect your loved ones and help your family avoid a financial shipwreck. The philosophy of Summit Brokerage Services, Inc. is to start with the client's perspective. Life insurance—what do people want?

  • An advocate that will shop for the best prices—not push the “company” plan
  • To talk to a real person, not a web site
  • An independent agent with access to multiple quality insurers
  • An agent licensed and experienced in all types of life insurance
  • An agent that will provide options—not push the product with the highest commission
  • An agent that will clearly explain the differences between options
  • An agent who is available to answer questions about the policy once it is in force
  • An agent that can clearly explain the tax features of insurance products (tax advice should be from a qualified tax advisor)

To learn more about your life insurance options*, click here.

*The initial consultation is at no cost.

Nice to know life insurance terms:

  • Increasing term - the death benefit increases over time
  • Decreasing term - the death benefit decreases over time (e.g. mortgage insurance)
  • Annual Renewable Term - the premium will generally increase from year to year for the same death benefit
  • Level term - the premium is designed to stay the same over a fixed period
  • Whole life - permanent insurance with cash value—the rate of return is guaranteed by the insurer
  • Universal Life - permanent insurance with cash value—the rate of return is normally tied to prevailing interest rates
  • Variable Universal Life - permanent insurance with cash value—the rate of return is normally tied to the market.

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