Life Insurance
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At Stolly Insurance Group we care about ensuring that you, your family and your business are ready to handle anything life can throw at you. Because of that, we strive to bring you the best coverage for Life, Disability, and Long-Term Care insurance through one of our highly trained specialists. Our specialists shop the market so you don’t have to and can consult you on the best coverage for your need. Whether you are a new family looking to buy your first policy, a business owner looking to update your buy/sell agreement, or you are interested in passing along your hard earned estate to the next generation, we can help. We do Life, and look forward to working with you.
Do you have your life insurance needs covered?
Do you want to learn more about life insurance?
Keep reading below and contact us if we can help!
DO I NEED LIFE INSURANCE?
If you have family, or someone who depends on you financially, the answer is probably ‘yes.’ Life insurance helps protect your loved ones, no matter what. Whether the money is used to replace your income, cover funeral expenses, pay off debt, or provide for educational expenses, life insurance gives your family financial security when they need it most. Having the right life insurance is essential to planning for your present and future. Not only can it provide financial protection for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.
HOW MUCH LIFE INSURANCE DO I NEED?
To get a basic idea of how much life insurance you need, use this Needs Calculator.
WHAT TYPE OF LIFE INSURANCE DO I NEED?
We can help you determine the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:
Term
Coverage for a certain period of time, to help with things like paying off a mortgage or assisting with daily expenses until your children are grown. Because it covers only a set time, such as 10 or 20 years, term is the less expensive option. Get a term quote now!
Universal Life
Permanent insurance that is flexible in many ways and can fit into your financial and legacy plan. This policy accumulates cash value, has flexible payments and can cover you for your entire life.
Whole Life
Permanent insurance that can help you leave a legacy or pay for final expenses. Whole life is the most expensive product, but it can build cash value and cover you for the rest of your life.
Want more information? Contact us today!
Did you know proceeds from an insurance policy are generally income tax free and if properly structured, may also be free from estate tax? This means you can leave your family with a tax-free legacy through life.
HOW CAN I PROTECT MY ESTATE OR BUSINESS, OR PROVIDE FOR MY HEIRS?
We offer customized solutions, and can create a tailor-made plan to meet your specific needs, and help with:
- Reducing estate tax liability
- Distributing estate assets equitably
- Gifting strategies to non-profits
- Planning for heirs
We specialize in sophisticated insurance concepts and designs and possess extensive knowledge in the following markets:
- Insurance Planning (including Long-Term Care and Disability Insurance)
- Wealth Transfer
- Estate Planning
- Life Settlements
- Premium Financing
- Retirement Planning
- Foreign National
- Special Risk
Business Specific
- Key Person Insurance
- COLI/BOLI
- Business Succession
- Executive Compensation
FAQ - Life Insurance
You can request a quote by visiting our quote page at this link or by calling us at 800-686-2147. Our agents will help you find the right policy for your needs.
When choosing a life insurance policy, consider factors such as your financial goals, the needs of your dependents, your budget, and the length of coverage you require. Our agents can assist you in making an informed decision.
Life insurance works by providing a death benefit to your beneficiaries in exchange for premium payments. The policy can help cover expenses like funeral costs, debts, and provide financial security for your loved ones.
The application process for life insurance typically involves completing a form, undergoing a medical exam, and providing information about your health and lifestyle. Our agents will guide you through each step to ensure a smooth process.
The amount of coverage you need depends on factors such as your income, debts, lifestyle, and the financial needs of your dependents. Our agents can help assess your situation to determine the appropriate coverage amount.
If you miss a premium payment, most policies offer a grace period during which you can make the payment without losing coverage. It's important to contact us promptly to discuss your options and avoid policy lapse.
Generally, life insurance death benefits are not subject to federal income tax. However, there may be exceptions, so it's advisable to consult with a tax professional for specific guidance.
Term life insurance provides coverage for a specific period, while whole life insurance offers lifelong protection and includes a cash value component. Term is generally more affordable, whereas whole life builds equity over time.
To reduce the cost of your life insurance premiums, consider maintaining a healthy lifestyle, choosing a policy with a shorter term, and bundling your insurance policies with Stolly Insurance.
You can reach us by calling 800-686-2147 or by visiting our website at www.stolly.com. Our knowledgeable agents are ready to assist you with any questions or concerns you may have.