Wanna Know About IULs & How To Build a Retirement/Savings?

Would you be interested in a built-to-last life insurance product that has the potential to: 

• Protect your family’s financial well-being, 
• Accumulate cash value to supplement retirement income, and 
• Offer tax-advantaged access to emergency cash needs? 

If the answer’s “yes,” reach out to one of our insurance consultants here at Pathways Insurance Agency TODAY!

Life Insurance
Why do I need life insurance? What are the different types of individual life insurances?

Your need for life insurance varies with your age and responsibilities.

It can be a very important part of financial planning because it pays monetary benefits upon the death of the insured covered in the policy.

There are several reasons to purchase life insurance.

You may need to replace income that would be lost with the death of a wage earner. You may want to make sure your dependents do not incur significant debt when you die. Life insurance may allow them to keep assets versus selling them to pay outstanding bills or taxes. You can also purchase a life insurance product that's designed to protect your some or all of your mortgage in the event of your untimely death. Some plans can even pay the monthly mortgage for your loved ones. Some plans can provide you with a money back option that returns your premiums in the event that you don't pass away if the benefits were never used. 

All life insurance policies are not the same.

Some give coverage for your lifetime and others cover you for a specific number of years. Some build up cash values and others do not. There are two basic types of life insurance: term insurance and whole/ permanent insurance. (Source: State of New Jersey Department of Insurance & Banking)

Whole/Permanent Life

Permanent protection, featuring affordable premiums that won't change as clients grow older and cash values that build over time. It provides long-term financial protection. These policies include both a death benefit and, in some cases, cash savings. Because of the savings element, premiums tend to be higher than term insurance premiums.. This is a permanent policy used for estate planning and other more strategic forms of protection such as providing income to business partners in the event of each other’s demise.

Term Life

This is used to cover you for a fixed period of time. If you were to die while this policy is active, a fixed, predetermined sum of money is paid to your beneficiaries. If you were to die after the term of the policy is over, nothing is paid. Term policies are generally the cheapest of all life insurance policies and can be used to protect a mortgage to provide funds to put children through college or just provide an estate.


What are some typical final expense costs?

Make Sure That Your Life Is Properly Insured!

Request A Quote Today

This field is mandatory

* Indicates required fields
There was an error submitting your message. Please try again.
Thank you! We will get back to you as soon as possible.

Contact Us

Pathways Insurance Agency
707 Alexander Rd, Bldg 2 Suite 208
Princeton, NJ 08540

Office: (609) 337-4411
Direct/Cell: (908) 285-5946

E-mail: info@pathtoinsurance.com

We need your consent to load the translations

We use a third-party service to translate the website content that may collect data about your activity. Please review the details and accept the service to view the translations.