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 LIFE & HEALTH INSURANCE
We are pleased to be Licensed in the following State: California [License# 0F79348].
 LIFE INSURANCE
Defining
Your Individual Needs Is The Place To Start
[*Try Our Life
Insurance Calculator*]
Life insurance is simply protection to
ensure that your family will have financial security when you die. If
something should happen to you, how will they be able to continue doing
the things they take for granted, like live in a nice home, continue their
education, or create a retirement nest egg without you? Life insurance
can help to provide the answer.
There are a
variety of life insurance policies we can provide. The kind of policy you
choose depends on your needs:
Term
Life
Term Life Insurance is a low-cost way of providing maximum
coverage for your family. Protection is provided for a limited number of
years. The insurance expires without value if the insured lives beyond the
policy period, usually 5 to 20 years. Other policy life periods are
available, including 1 year annual renewable term.
Term insurance premiums will not increase during the guaranteed policy
time period (term) you select. Term Life Insurance pays a death benefit
only if you die during that term. Term insurance generally provides the
largest insurance protection for your premium dollar.
Term Life Insurance remains in force for as long as
premiums are current, provided there are no misrepresentations on the
application. The insurance coverage terminates if you discontinue your
premium payments.
Universal
Life
Universal Life is characterized by great flexibility.
Policyholders can determine the amount and frequency of premium payments -
i.e., the more you pay, the less time you will need to pay. Your premiums
cover the insurance part also the savings or investment element and the
expense part. The stated interest on the investment portion changes along
with movement in interest rates; moves in 1/4 % interest steps are typical
as banks and other financial institutions make similar moves.
Whole
Life
Whole Life Insurance provides permanent protection for the
whole of life - from the date of policy issue to the date of the insured's
death, provided that premiums are paid. Premiums are set at the time of
policy issue and remain level for the policy's life. Unlike term
insurance, whole life combines insurance protection and savings or cash
value which builds over time. Cash value build-up may provide a source for
living benefits, for example, helping pay off a mortgage, or a child's
education, or cash surrender value if the policy is ever cancelled.
These products are continually changing and we can
provide you with the latest information and policies available!
INDIVIDUAL
HEALTH
Individual health insurance
programs are designed for individuals and families who cannot obtain
health insurance through an employer. Due to the continually rising cost
of medical care, it has become more important to provide health insurance
for you and your families. Circadian Insurance Brokers offers health insurance
programs to individuals which offer extensive coverage as well as
high-deductible programs which are designed to protect against
catastrophic financial losses.
As an independent agency, Circadian Insurance Brokers can provide insurance plans
from numerous health insurance companies. With the health insurance market
changing frequently, we are always on the lookout for quality,
service-oriented insurance companies for our clients.
INDIVIDUAL
DISABILITY
Individual Disability Income
Protection is a must for a business owner, and highly recommended for
executives. If you are a business owner, you should consider purchasing
both group and individual policies, if possible. As an executive, you
should be sure to obtain group coverage if it is available. Only forty
three percent of large companies provide group long term disability
insurance.
Your chances are even less likely to get long term disability insurance if
you work for a small company. The cost of a plan provided by your employer
is usually less than you would pay for an individual disability policy and
often you can get coverage automatically without having to qualify
medically. If your employer doesn't provide disability insurance then you
may want to consider an individual disability policy.
Or, you may need a personal disability insurance policy to supplement an
employer group plan. Be sure to check the group provisions carefully: How
long does the group disability insurance coverage last? How much is the
benefit? Does the disability insurance policy cover bonus and commission
income? Will the coverage continue if you leave that employer?
A typical Individual Disability Income Protection plan starts to pay
benefits after you have been off work for 1 to 6 months, and pays benefits
for several years or until retirement age, depending on the policy.
ANNUITIES
An annuity can help you
accumulate tax-deferred earnings as part of your overall retirement plan.
Annuities offer the opportunity for lifetime payments and tax-deferred
earnings, and provide a guaranteed death benefit for your beneficiaries.
All guarantees are backed by the continued claims-paying ability of the
issuing insurance company.
You may want to consider investing in an annuity as part of your long-term
financial plan if:
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You're in a higher tax bracket, and want to defer additional income.
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You've reached your deductible limit on all your retirement accounts and
wish to save more for retirement.
An annuity is different from most other retirement savings vehicles — it's
actually a contract between you and an insurance company. In return for
making one or more premium payments, the insurance company agrees to
provide you an income stream — usually during retirement. You can elect to
receive payment all at once or as a series of payments, even for the rest
of your life.
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