Contact us
FAQ
Frequently asked questions
Here are the top questions our clients ask before getting started.
How much life insurance do I need?
The right amount depends on your income, debts, mortgage, family expenses, existing savings, and who depends on you financially. We can help you evaluate those needs and determine an appropriate amount of coverage.The standard recommended amount is around 10-12x your annual income.
Are all term life insurance policies the same?
No. Policies can differ in conversion options, riders, renewability, underwriting, and other contract features. The lowest premium isn't always the only factor worth considering.
What is an annuity, and how does it work?
An annuity is a contract with an insurance company designed to provide features such as principal protection, interest accumulation, or retirement income. How it works depends on the type of annuity and the specific contract.
Can I lose money in an annuity?
Fixed and fixed indexed annuities generally protect contract value from direct stock-market losses, but they aren't risk-free. Surrender charges, withdrawals, optional rider charges, and the financial strength of the issuing insurer are important considerations.
Will I still have access to my money in an annuity?
Yes, but there may be limitations. Many annuities allow a portion of the contract value to be withdrawn annually without a surrender charge, while additional withdrawals during the surrender period may incur charges. Terms vary by contract.