Life Insurance
Many people do not like the idea of paying for life insurance, but know that they need it. Bruce R. Olmstead, CFP® has built a practice around seeing financial planning from 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 about your life insurance options at no cost, contact us or
call Bruce R. Olmstead, CFP® at
678-364-9330.
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.
Related Information:
Securities offered through Summit Brokerage Services, Inc., Member FINRA and SIPC.
Advisory services offered through Summit Financial Group, Inc.