At Brosky Insurance Agency Inc., we are a full service agency. We provide life insurance coverage for the following types of insurance needs:
- Life Insurance
- Health Insurance
- Disability Insurance
- Group Insurance
- Roth IRA’s
- Group Life
- Children’s Life Insurance
- Mortgage Cancellation
- Long Term Care
The #1 question our customers ask about life insurance is “How much do I really need?” The following list can help you determine how much you need.
- Burial Expense
- Mortgage Cancellation (Pays off mortgage balance at death)
- Any Other Loan Balance
- Salary Replacement
- Education Fund For Children
After you determine how much you need, you have to decide what product you want to purchase. There are three basic types of life insurance: term policy, whole life policy, and universal life policy. The following is a brief description of all three types of life insurance policies we offer.
Coverage for a specified period of time or term: for example 5 years, 10 years, 15 years, 20 years etc. Term insurance is considered temporary. At the end of the policy period, coverage stops without any cash value.
Whole Life Insurance
Whole life coverage provides you with protection for as long as you live. Annual premiums are averaged over your lifetime, so the premium does not increase as you get older. Whole life policies have cash value which can be used for a variety of purposes including paying off loans and paying the premium on your policy.
Universal Life Insurance
A universal life policy combines features of both term and whole life policies. Universal life not only offers policy protection, it also accumulates cash, which is credited with tax deferred interest earning. The amount you earn is dependent on current interest rates. The premiums you pay are added to the account value portion of your universal life policy. Each month, a deduction is made from the account value to pay for life insurance costs, other benefits and riders, and a monthly administrative fee. Universal life is a flexible premium policy allowing you to vary the timing and amount of your premium payments.
If you are interested in getting information from our insurance agency about life insurance, please click here, and fill in the information.
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