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:

  • 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      • Cash Value Accumulation: Builds cash value that can be borrowed against or withdrawn tax-free (with limitations).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.
  • 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.
  • 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.
  • 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.

       

 

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.