Not all term insurance is created equal

ClearPath Advisors understand the nuances of every term product and can help you navigate to the right coverage for you.

Term Insurance is a type of life insurance that provides financial protection for a specific period or "term." If the policyholder passes away during the term, the insurance pays a lump sum (death benefit) to the beneficiaries.

Key Features:

- Affordable Premiums

- Fixed Coverage Period

- Financial Security

- Income Replacement

- Debt Coverage

- Education & Future Planning:

Indexed Universal Life (IUL) insurance is a versatile financial product that combines life insurance protection with the potential for cash value growth linked to a stock market index.

Unlike traditional whole life policies, IULs offer flexibility in premium payments and death benefits, making them an appealing option for those looking to secure their family’s financial future while also building savings.

Key Features:

- Flexible Premiums

- Growth Potential

- Downside Protection

- Tax Advantages

- Death Benefit

How Does It Work?

Premium Payments: You choose how much to pay, within certain limits. A portion of your premium goes toward the death benefit, and the remainder builds cash value.

Cash Value Growth: Your cash value grows based on a formula tied to a stock market index. There’s typically a cap on how much you can earn, but your investment is shielded from losses.

Accessing Cash Value: You can borrow against your cash value or withdraw funds, which can be used for retirement, education, emergencies, or other financial needs.

Who Should Consider an IUL?

Individuals Seeking Flexibility: If you want the freedom to adjust your premiums and death benefits as your financial situation changes.

Long-term Planners: Ideal for those looking to build cash value over time while also securing a death benefit for loved ones.

Investors Seeking Stability: Perfect for those who want exposure to market growth without the risk of losing money.

Life insurance and Long-term care (LTC) hybrid products combine the benefits of traditional life insurance with long-term care coverage. This innovative financial solution is designed to provide you with both a death benefit for your loved ones and a way to pay for long-term care services should you need them in the future.

Key Features:

- Dual Protection

- Flexible Benefits

- Tax Advantages

- Asset Protection

- Guaranteed Coverage

How Does It Work?

Premium Payments: You pay a premium that funds both the life insurance and long-term care benefits. The policy is designed to ensure that funds are available for both purposes.

Accessing Long-Term Care Benefits: If you require assistance with daily living activities, you can access your policy’s long-term care benefits, often without penalties or additional costs.

Death Benefit: In the event of your passing, your beneficiaries receive a guaranteed death benefit, providing financial support during a difficult time.

Who Should Consider Hybrid Products?

Health-Conscious Individuals: If you’re planning for the future and want to address potential health care needs while still providing for your family.

Retirees or Pre-Retirees: Perfect for those nearing retirement who want to secure their financial legacy while preparing for possible long-term care costs.

Families Seeking Financial Security: Ideal for those who want to ensure that their loved ones are protected from the financial burden of long-term care.