
New Legacy Realty, Inc. - Insurance Division
Protecting Your Legacy: Explore Life Insurance Solutions
At New Legacy Realty, Inc., we understand that life insurance is more than just a policy; it's a promise to protect your loved ones' financial future. Our Insurance Division offers a range of life insurance solutions tailored to your individual needs and budget.
Featured Life Insurance Products:
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Whole Life Insurance:
- Benefits:
- Guaranteed Death Benefit: Provides a fixed death benefit regardless of your health or market conditions.
- Cash Value Accumulation: Builds cash value that can be borrowed against or withdrawn tax-free (with limitations).
- Long-Term Investment: Offers a stable and predictable investment option.
- Features:
- Dividends: Many whole life policies offer dividends that can be used to increase cash value, reduce premiums, or purchase paid-up additions.
- Premium Flexibility: Some policies offer flexible premium options, allowing you to adjust your premium payments to fit your budget.
- Benefits:
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Index Universal Life (IUL) Insurance:
- Benefits:
- Tax-Free Growth Potential: Offers the potential for tax-free growth of your cash value based on the performance of a specific market index.
- Death Benefit Protection: Provides a guaranteed death benefit to protect your loved ones.
- Flexibility: Allows for flexible premium payments and death benefit adjustments.
- Features:
- Participation Rates: Determine how much of the index's performance is credited to your policy's cash value.
- Cap Rates: Limit the maximum amount of index growth credited to your policy.
- Floor Rates: Guarantee a minimum level of growth, even if the index performs poorly.
- Benefits:
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Mortgage Protection Insurance:
- Benefits:
- Peace of Mind: Provides financial security for your loved ones by covering your outstanding mortgage balance in the event of your death.
- Affordable Coverage: Often more affordable than traditional term life insurance.
- Simplicity: Typically has a straightforward application process.
- Features:
- Decreasing Term: The death benefit typically decreases over time to match the declining mortgage balance.
- Level Term: Offers a fixed death benefit throughout the policy term.
- Benefits:
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Term Life Insurance:
- Benefits:
- Affordable Coverage: Provides temporary, but affordable, death benefit protection for a specific period.
- Simple and Straightforward: Easy to understand and apply for.
- Flexibility: Available in various terms (e.g., 10-year, 20-year, 30-year) to meet your specific needs.
- Features:
- Level Term: Offers a fixed death benefit throughout the policy term.
- Renewable Term: Allows you to renew your coverage at the end of the term, although premiums may increase.
- Benefits:
Carriers We Write For:
- Mutual of Omaha
- Senior Life Insurance Company
- Transamerica
Life Insurance Glossary:
- Death Benefit: The amount of money paid to your beneficiaries upon your death.
- Cash Value: The accumulated savings component of a permanent life insurance policy.
- Premium: The regular payment you make to maintain your life insurance coverage.
- Beneficiary: The person or entity designated to receive the death benefit.
- Face Amount: The initial death benefit of a life insurance policy.
- Policy Term: The length of time your life insurance coverage is in effect.
Life Insurance Quote Examples:
- Example 1: A 35-year-old healthy male seeking $500,000 in 20-year term life insurance.
- Example 2: A 40-year-old female looking for a whole life policy with a $1,000,000 death benefit and cash value accumulation.
- Example 3: A 55-year-old couple interested in a mortgage protection policy to cover their remaining mortgage balance.
Get a Free Quote Today!
Contact our Insurance Division today for a free, no-obligation consultation. Our experienced agents can help you determine the best life insurance solution to meet your unique needs and budget.