- Whole Life
- Estate Planning
- Business Life
Life Insurance is one of the most important things you can do to protect your family and your assets. There is no other product which helps meet the security a client needs at a low cost in the event of an untimely death of a family member. JVan can help you decide the right amount of life insurance needed and what product is best suited for you.
There are 3 types of Life Insurance:
Term Life– A Life Insurance policy which provides coverage for a pre-defined period of time and premiums are fixed for that period. Common durations of the term are 10, 20, and 30 years. Term life is the lowest cost of all the Life products available.
Universal Life– A flexible permanent Life Insurance policy offering the low-cost protection of term life insurance along with a savings account. This account is defined as the “cash value.” The cash value account earns interest during the life of the policy.
Whole Life– A permanent Life Insurance policy with fixed premiums and a cash value account. Like Universal Life, the cash value account earns interest during the life of the policy. The premiums are fixed for the life of the policy and cannot be adjusted.
How Much Life Insurance do I need?
Should I buy Term or Permanent Insurance?
I have Life Insurance from my company. Do I need to purchase my own policy?
JVan can answer these questions and guide you to the right product and the right amount of Life Insurance to protect your family.
Important to Know: JVan is a big fan of Term Life Insurance. The majority of our clients are best suited for Term Insurance. We encourage our clients to maximize their company’s 401k contributions, Roth and Traditional IRA’s. Once our clients have maximized their tax-deferred investments, then Universal and Whole Life Insurance are excellent tax deferred products to utilize.