Miami Life Insurance
Florida Life Insurance
Miami Life Insurance
Life insurance is important for the protection of your family. If anything happens to you, your Miami life insurance will give you peace of mind your family with be protected. The worst thing families go through is the expense of a loved one dying, and it can be made even worse by financial loss incurred because of the loss of income.
On top of the grief, there is always major bills to take care of and bill collectors don’t care if your family is grieving. They want their money and will put undue pressure on them until they get it. So, having life insurance allows your family time to recuperate from your passing without worrying.
Miami life insurance is about insuring your life against death. You name a beneficiary or beneficiaries of your policy. A beneficiary is the one who receives the cash payout after your passing. You can use your life insurance for other things, as well, such as accumulating funds for retirement that would create an immediate account for your family if something happened to you.
Miami life insurance companies will customize your policy to fit your life and those of your loved one. Having a life insurance policy is not only a smart thing to do, but it shows you care about your family in the event of your passing. One of the greatest gifts you can give your family after you are gone is knowing that your affairs are taken care of so that they can greive without added stress.
Miami Term Life
Term insurance is set for a term of time. This can be 10 years, 20 years, or 30 or more. The idea is that you have a certain amount of liabilities that will no longer exist after a certain time has passed, such as your home mortgage or car payments, which will be paid off at a certain date. You can get a policy that will make sure that in the event something happens to you or your spouse, those bills will be fully paid and some income will be replaced in order to make it easier to adjust.
Miami Whole Life
Whole life insurance is designed to cover you for your entire life, without any set period of time. It can be designed to be paid in a short time period at a higher premium, or for life. This type coverage is typically most suitable for burial expenses or transfer of estates in which the time that the need for insurance will exist is not known.
Miami Annuity
An annuity is the opposite of life insurance. It works by insuring that you will not outlive a sum of money, by the company agreeing to make payments to you for life. They are also used as a product that can make a set amount of interest for a set time period, called a MYGA, that works much like a certificate of deposit but usually pays higher interest rates for the term.
Miami 401k Rollover
When you leave your job, it is often a good idea to explore ways in which you can modify your 401k retirement account in order to protect your retirement money, or grow it to a larger sum. Annuities can be used for this 401k rollover, and can be set up to pay you a set amount for life, much like a traditional pension.
Miami 403b Rollover
403b Rollovers are the same as a 401k rollover, in that they are retirement funds, but 403b accounts are typically government employees retirement accounts rather than those working for private industry. The concept is the same, you can use an annuity with a 403b rollover to add immediate funds to your account and make it so that it can pay you a sum for the rest of your life, like a traditional pension would.