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Life Insurance Is The Most Powerful Generational Wealth Transferring Tool You Can Ever Give Your Family!
We know you would go to any length to safeguard your family and guarantee that they have a bright future, just like the rest of us. Have you thought how your loved ones would cope financially if you were no longer alive, or if you were no longer able to support them?
Life insurance is a straightforward and cost-effective solution to answer that question. It enables you to provide yourself and your loved ones peace of mind. And at AODCITY, our entire team of agents is on your side.
Here Are The 5 Main Categories Of Life Insurance
Term Life Insurance
Term life insurance covers you for a set period of time, usually between one and 35 years. If the policy owner dies during the policy's term, the death benefit will be paid.
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For young developing families or individuals searching for more cheap coverage, this is a good alternative.
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When the term finishes, there is no certainty of renewal; however, certain term plans may include the opportunity to renew.
Return Of Premium Term
If the insured outlives the term period, we provide a competitive Return of Premium (ROP) term insurance coverage that returns all contributed premiums.
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Returns on premium investments might begin as early as the second year.
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If needed, life insurance protection is in place, and if not, premium investments are returned.
No Medical Exam Life
This easy, affordable life insurance can help safeguard your loved ones from future financial worries by covering medical bills and burial expenditures (including plot and mortuary prices). This provides long-term growth potential and flexibility in permanent life insurance coverage.
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A death benefit of up to $250,000 is available.
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There is no need for a medical evaluation or blood tests.
Fixed Index Annuity
Premiums are related to an index and credited similarly to IULs with Fixed Indexed Annuities. Fixed Indexed Annuities, like IULs, provide principle protection and a death benefit, with the potential for gains based on market performance.
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A tax-advantaged insurance product.
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With a set floor, it protects against market fall.
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It's possible to set it up to produce income for the rest of your life, making it a valuable supplement to your retirement income.
Index Universal Life
Indexed Universal Life (IUL) is a permanent insurance that is identical to a regular Universal Life (UL) policy in terms of premium flexibility and death benefit, but it also has a larger growth potential due to index interest crediting. To boost the possibilities of bigger returns, the policy owner can invest a percentage of the cash value in designated "indexes" (such as the S&P 500 or Nasdaq 100).
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You Receive A Death Benefit
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You Receive Exponential Indexed Growth
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You Can Borrow Against The Policies Value