Our dedicated agents are trained to address the unique needs of each individual and their family.
By working closely with you, our agents gain a thorough understanding of your needs and goals, allowing them to craft personalized plans that fit your budget. We provide a broad selection of insurance solutions, detailed below.
Indexed Universal Life (IUL) Insurance
A flexible policy that combines life insurance with a cash value component linked to a stock market index. It offers potential for higher returns based on market performance, with adjustable premiums and death benefits.
Annuities
Offers lifelong coverage with fixed premiums and a guaranteed death benefit. It also builds cash value over time, which can be borrowed against or used to pay premiums, providing both protection and a savings component.
Term Life Insurance
Provides coverage for a specified period (e.g., 10, 20, or 30 years) and pays a death benefit if the insured passes away during the term. It's often the most affordable option for temporary needs and offers straightforward protection without cash value accumulation.
By selecting an appropriate term length and coverage amount, Term Life Insurance can be tailored to meet specific financial needs, including mortgage and income protection.
About Term Life Insurance
Term Life Insurance with Living Benefits offers coverage for a specific period while providing additional financial support during the policyholder's lifetime under certain conditions.
Unlike traditional term life insurance, which only pays out a death benefit to beneficiaries after the policyholder’s death, this type of policy allows access to a portion of the death benefit if the policyholder is diagnosed with a critical or chronic illness, requires long-term care, or faces a terminal illness.
This feature provides extra financial protection, ensuring that funds may be available while still alive if certain criteria are met. It's essential to review the terms and conditions carefully, as benefits and eligibility criteria can vary between policies.
Mortgage Protection With Term Insurance
Ensure your mortgage is covered with a term life insurance policy designed to pay off the remaining balance in the event of your death. This ensures your family won't have to manage mortgage payments during a difficult time.
Using term insurance for mortgage protection ensures that your loved ones will not be burdened with mortgage payments during a challenging time, providing financial security and stability.
Here's how it works:
Determine the Mortgage Amount
Calculate the outstanding balance of your mortgage to determine the coverage needed.
Set the Coverage Amount
Ensure the coverage amount matches the outstanding mortgage balance.
Choose the Policy Term
Select a policy term that matches the remaining duration of your mortgage. For example, if you have a 30-year mortgage and have 20 years left, opt for a 20-year term policy.
Purchase the Policy
Obtain the policy from a life insurance provider, with premiums based on your age, health, and other factors.
Designate the Mortgage Company as Beneficiary
In the event of your death during the policy term, the death benefit will be paid directly to the mortgage lender, covering the remaining mortgage balance.
Income Protection With Term Insurance
Provide your family with financial support by using term life insurance to replace your income in the event of your passing. This coverage helps maintain your family’s standard of living and offers financial security.
By using term life insurance for income protection, you can ensure that your family has the financial resources to replace your income, offering security and peace of mind during challenging times.
Here's how to set it up:
Calculate Your Income Needs
Determine your annual income or the amount your family would need to maintain their standard of living in your absence.
Select the Policy Term
Choose a term that covers the number of years you expect to work or until your dependents become financially independent.
Determine Coverage Amount
Set the coverage amount to equal your annual income multiplied by the number of years the policy needs to cover.
Purchase the Policy
Obtain the policy from a life insurance company, with premiums based on factors like age and health.
Name Your Beneficiaries
Ensure the death benefit is directed to your beneficiaries, providing them with a source of income in the event of your death.
Assistance Hours
Mon – Sat 9:00am – 8:00pm
Sunday – CLOSED
Office:
905 Brickell Bay Dr 2cl23B, Miami, FL 33131
Call
+1 855 7612 380
Email: [email protected]
Site: wyncellcare.com
