D. Douglas Burum
All Assured Solutions
http://allassuredsolutions.com/ 1-703-3106774

We have always been passionate about building relationships and adopting new concepts to better our team, our company, and our client’s experience.

The business world has changed significantly over the years. The search engine world we now live in makes for a more informed client who is well aware of the many options open to them. The customer is king is more true today than ever. Every client wants to feel special and like they are your only concern. If we don’t meet our clients where they are in life we will become extinct.

Our philosophy is that every client is unique and every plan needs to be customized. There is no ‘one size fits all,’ solution in the insurance industry. This is why we consider ourselves advisors. We want to build a relationship with our clients so that I can walk along beside them as their needs change.

Our professional team at All Assured Solutions has the strength, expertise, partnerships, and local knowledge to help the needs of any individual, family, or business. With us, it is personal.

You have earned it. Let us protect it.
If you would like to learn more please give us a call.

Is Term Life Insurance for You?

Insurance Read Time: 3 min

Term insurance is the simplest form of life insurance. It provides temporary life insurance protection on a limited budget. Here’s how it works:

Chart one

When a policyholder buys term insurance, they buy coverage for a specific period of time and pay a specific price for that coverage.

Chart two

If the policyholder dies during that time, their beneficiaries receive the benefit from the policy. If they outlive the term of the policy, it is no longer in effect. The person would have to reapply to receive any further benefit.

Unlike permanent insurance, term insurance only pays. It does not accumulate a cash value. That’s one of the reasons term insurance tends to be less expensive than permanent insurance.

Many find term life insurance useful for covering specific financial responsibilities if they were to die unexpectedly. Term life insurance is often used to provide funds to cover:

  • Dependent care
  • College education for dependents
  • Mortgages

Would term life insurance be the best coverage for you and your family? That depends on your unique goals, needs, and circumstances. You may want to carefully examine the pros and cons of each type of life insurance before deciding what type of policy may be the best fit for you.

Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. If a policy is surrendered prematurely, the policyholder also may pay surrender charges and have income tax implications. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.

Life insurance is not insured by the FDIC (Federal Deposit Insurance Corporation). It is not insured by any federal government agency or bank or savings association.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright FMG Suite.

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