Robinson Insurance Group can assist you in finding coverage that is right for you and your family, including living benefits that you can use in your lifetime.
Primary Types Of Life Insurance
- Term Life – This is the most straightforward form of protection you can get. You pay premiums on either a monthly or annual basis, then you and your family are protected for that ‘term’. Term life helps provide for a family’s loss of income, cover short term debts, and provide additional protection during the child raising years. Term life also provides longer term protection to help your family pay off a mortgage or to help pay for college.
- Whole Life – Whole life insurance helps build tax deferred cash value that you can use for your family’s loss of income, educational costs, mortgage costs, or to leave for the next generation Robinson Insurance Group’s Whole Life insurance policies offer insurance protection for as long as you live, provided that premiums are paid. Policy loans accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value.
- Universal Life – A Universal Life Insurance policy is a great way to protect your family and build tax deferred cash value. Universal Life Insurance premiums are paid into your policy’s account, where it accrues interest. Each month, various deductions are then made from the account value. You have the ability to take loans or make withdrawals from the account value for personal needs. Loans earn 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.