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Life Insurance


Life Insurance Information

                                                                                                                            
                                                                                             
                                                                                                                                                                        
  
1. Life Insurance                                                                                                                             
We want to help you to protect your family!!!
 
A member of the Spectrum Insurance staff will design an
affordable plan that will protect your family.

Do you want to rent a policy or own one?
Our belief is that term insurance doesn't always cut the mustard.

Depending on your individual needs, we will explain why owning a policy is
sometimes better than renting one.


Some of the companies Spectrum Insurance represent include:
John Hancock
Principal Financial Group
Transamerica
Protective Life
ING
Genworth Financial
Prudential


Spectrum Insurance also offers the following type of coverage:


Annuities
Life with long term Care Benefits

Whole Life Insurance

Universal Life
Variable Life
Indexed Life

Term Insurance

Return of Premium Life

Buy/Sell Agreements

Key Person Life

2nd and First to die Policies

Charitable remainder


There are many types of life insurance,
but generally, they fall into 2 categories; term and permanent.

Term Insurance
is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

In contrast, Permanent Insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.



We will custom design a plan to meet your Life Insurance needs

Trustworthy - Knowledgeable - Professional

Spectrum Insurance Services, Inc.
1325 Remington Road Suite D
Schaumburg, IL 60173
| 847-670-1244