LIFE INSURANCE

There are two types of Life Insurance that we present to our clients, Term Life and Universal Life. They each fill a different need. Term life is the least expensive form of Life Insurance. With this form of insurance, you pay only for life insurance coverage. There is no cash reserve with Term Life.

Universal Life takes many different forms. Our approach is to use this type of insurance as a vehicle for estate preservation in the form of Survivorship Life and as a way of funding Long-Term health care.

Nobody likes to think about death, but it's a part of every day life. Protecting your loved ones by sheltering them under a life insurance policy can get your family back on their feet and on with their lives.

Term LIfe Insurance

Survivorship Life Insurance

Universal Life for Long-Term Care

Term life insurance policies owe their popularity to their low cost and relatively long term of coverage. These policies offer a way to get maximum insurance protection for a set period of time at a fixed cost. Term insurance provides a preset amount of cash if you die while the policy is in force. With term insurance, you pay only for life insurance coverage. There are no reserves in the policy. The premium rate you pay for term insurance is guaranteed to remain the same low amount for the duration of the term of coverage selected. Many insurance companies offer term insurance policies for periods of 5, 10, 15, 20 and now even 30 years.

Before making a purchase, it is important to understand the terms of any insurance policy that you are considering.. Term insurance policies build no cash value. They pay a benefit only if you die during the term of the policy coverage. If death occurs, the beneficiary collects the face amount (death benefit) of the policy income-tax free.

Premium rates for renewals of these policies will normally increase at the end of the guaranteed policy period. At that point you need to decide if you wish to continue with your present company or apply for another Term Insurance policy with a new company. Comparing premiums between companies will help you make that decision. If you want to be sure that insurance will continue in force for your entire life, Term isn't for you. You may want to look at other types of Insurance, such as Universal Life.

At Sutker Insurance Services, we will find you the best coverage for the least amount of money. And the quotes you receive from us will always be from life insurance companies with a financial rating of "A" (excellent) or better by A.M. Best.

We are happy to send you a quote by email, but realize that without detailed health information it is only an estimate. Often a short phone call will help give us the information we need to provide you with a more accurate quote.

An estate planning tool to protect your net worth

Survivorship Life Insurance (also called "second to die" or "joint" insurance) is a single policy that insures two lives, usually spouses. Because two lives are insured, premiums for Survivorship Life policies are relatively low compared to policies on one person's life. When the first spouse dies, the policy remains in force and pays off only upon the death of the second spouse. The reason they don't pay until the second person dies is they are designed to pay or assist in paying for estate taxes. Estate taxes can be delayed until both spouses die, thus the design of these special life insurance policies.

By removing the proceeds of a life insurance policy from your estate through the use of gifting or placing the policy in third party ownership, a life insurance policy can be used to pay for estate taxes. Careful planning by your tax and legal counsel, coupled with a properly structured Survivorship Life Insurance policy, can help you preserve your net worth.

At Sutker Insurance Services, we have access to the leading and most competitive joint and Survivorship Life policies. We can prepare the most competitive quotes available or click here to email us information or call at (415) 460-5262.