Individual Term Life

The right Life Insurance policy can be a very practical way to provide for your family after your death. Life insurance beneficiaries may be able to use benefits to pay for funeral costs, estate taxes, mortgage payments, lost income, or any other number of needs that will arise upon your death. Our knowledgeable and experienced agents at Schumacher Insurance Solutions will walk you through the different Life Insurance policies that may be at your disposal and the benefits and drawbacks of each one. Term Life Insurance will provide a death benefit if you die during the term of the life insurance policy.

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Corporate Owned Life Insurance

This product was originally only provided to Fortune 500 companies, but is now available to mid and small-sized businesses. Through this policy, a business pays the premiums and owns the cash value of a life insurance policy on its employee’s lives. The employee does not pay the premiums. The benefit can either be paid to the employer or directly to the employee’s family.

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Key Person Insurance

Key-Person insurance, (formerly “Key Men” Insurance), can provide several benefits to a business and affirm the importance of the talent that a Key-Person brings to your business. A Key-Person policy can act as a business asset and enhance your company’s creditworthiness. It also may have a cash value that is available to your business as a loan if a key employee dies or is disabled. Finally, a Key-Person policy can be converted to a retirement bonus when the Key Person retires. This policy’s flexibility makes it a valuable asset to any business with Key-Persons.

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Universal Life Insurance

These policies are designed for protection, wealth creation and transfer because the excess of premium payments above the current cost of insurance is then credited to the cash value of the policy with interest. Some people even use a UL policy to finance a long-term care situation. Ask an agent at Schumacher Insurance Solutions how you could benefit from a UL policy.

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Whole Life Policy

A whole life policy provides a death benefit so long as the premium is paid. Some of the money paid into the whole life policy becomes an investment that is guaranteed to grow.

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Long-Term Care

Nationwide CareMatters® is designed for clients between 40 and 75 and linked to a fixed premium universal life policy. It is ideal for clients seeking LTC coverage with flexibility of benefit use and a death benefit that will always return to loved ones at least the premium paid if the LTC benefits are not used.

 

Long-term Care Rider helps clients safeguard against the future financial challenges of long-term care while providing the life insurance protection you need. The rider provides an acceleration of the death benefit to help pay for costs involved with long-term care.

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Group Medical

Schumacher Insurance Solutions seeks to assist businesses with two or more employees through this affordable solution to employee health care. We have a plan that works for you, from 50% to 100% employer contribution to health insurance.

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