Individual Life Insurance
Life insurance from Del Bucchia Insurance Services can help you secure your family’s financial future by providing the funds they need to: cover burial expenses, uninsured medical bills, pay off your mortgage and other outstanding debts, and maintain a comfortable standard of living.
There are a variety of life insurance policies that we can provide. The kind of policy you choose depends on your needs.
Term Life Insurance
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 10 to 30 years.
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 Insurance
Premiums are paid into your policy’s account value (after a premium expense charge), where it earns interest. Every month, various deductions, such as a charge for insurance protection, are then made from the account value. You have the ability to take loans or make withdrawals from the account value for your personal needs. Loans accrue interest and unpaid loans plus interest and withdrawals will reduce the death benefit and cash value. The policy continues as long as the cash value is sufficient to cover the various deductions each month*.
Whole Life Insurance
Whole life insurance helps your family prepare for the unexpected. It builds tax-deferred cash value you can use for a family’s loss of income, mortgage costs, or educational needs — or to leave a legacy for the next generation.
These plans are small whole life policies that are designed to last the insureds lifetime.
Age of issues for most carriers , starts at 50. There are a few carriers that will issue plans at a younger age. Maximum age of issue is about 85. I do know of a carrier that will go a few years older. When you start looking at plans for someone in their 80′s , you can guess, that the plans start to get very expensive.