The Nation Group - Life Insurance

The Value of Life Insurance
Assessing Your Need
Types of Life Insurance

The Value of Life Insurance

Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. Life insurance can also provide benefits while you are living.

Advantages of the Death Benefit

Provides income tax-free money to your named beneficiary(s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind.
Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Advantages of Living Benefits

The cash value growth of a permanent life insurance policy is tax-deferred¹, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.
Loans² or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

¹Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 ½. Consult a tax advisor on your specific situation.
²Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.

Assessing Your Need

The amount of life insurance you select should be dependent on your personal and financial needs. We can assist you in determining an appropriate coverage amount and help you decide on which type of life insurance is right for you.

Generally, you should consider life insurance if you have:

A spouse
Dependent children
Aging parents or a physically-challenged relative who depends on you for support
Retirement savings that is not sufficient to ensure your spouse's future financial well-being
A sizable estate
A business

Life Changes — So Should Your Policy

As events happen in your life, your life insurance coverage may need to change to adapt to your current needs. Some life changes that may require you to reevaluate your coverage include: marriage, divorce, a new baby, purchase of a new home and retirement.

Back to top

Types of Life Insurance

There are several different types of life insurance products available. The most common include:

Term Life Insurance

Term provides life insurance protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It's generally less expensive than permanent life insurance, and is available in varying term periods with fixed premiums from a one- (annual renewable term) to 20-year period (level term). Furthermore, term insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

Whole Life Insurance

Whole life is a form of permanent life insurance that remains in force during the insured person's lifetime, provided premiums are paid as specified in the policy. Whole life insurance can build cash value.

Universal Life Insurance

Universal life is a form of permanent life insurance characterized by its flexible premiums, flexible face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

Back to top Life Insurance Quote Request Form
Quote or Apply for Term Life Insurance from Symetra:

Or:

Click here to access our secure quote form and we will contact you.

We are licensed in the following States/Provinces:
Florida

From our site we are only able to provide quotes for insurance in the State of Florida..

Joan Rector, CLU,ChFC,AAI is licensed in Florida to offer disability insurance, life insurance (including variable life), annuities (including variable annuities) and securities.

Securities offered as a registered representative of Princor Financial Services Corporation, 800-247-4123, member SIPC, Des Moines, Iowa 50392. The Nation Group is not an affiliate of Princor.

This site is not a solicitation of interest in any of these products in any other state.

IMPORTANT CONSUMER INFORMATION: Joan Rector may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if she is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Joan Rector that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of Joan Rector, or any financial institution she represents, contact your state securities law administrator.

Return to top