Our Services
Final Expense
Final expense insurance, also known as burial insurance or funeral insurance, is a specialized form of insurance that covers the costs associated with your final arrangements. It provides financial protection for your loved ones, alleviating the burden of funeral expenses, medical bills, and outstanding debts when you pass away. The cost of final expense insurance varies based on factors such as age and health, with premiums typically starting at a few dollars per month. Coverage amounts range from $5000 - $50,000, ensuring your family has the necessary funds to fulfill your final wishes. These policies are usually lifelong and offer fixed premiums, providing stability and peace of mind for your financial planning. At New Hope Insurance, our knowledgeable brokers can assist you in selecting the right final expense insurance policy tailored to your needs and budget.
Annuities
Annuities are a financial product that offers a reliable and guaranteed source of income during your retirement years. By investing in an annuity, you can secure your financial future by ensuring a steady stream of income that will support your lifestyle and cover essential expenses. The cost and structure of annuities vary based on factors such as the type of annuity and the features you choose, whether it's a lump-sum payment or regular contributions. The income you receive from an annuity is determined by factors like the initial investment, contract length, and interest rate. Annuities can be customized to fit your needs, allowing you to choose options such as fixed or variable rates of return, as well as additional features like inflation protection or survivor benefits. Annuity contracts are typically long-term commitments designed to provide income throughout your retirement, providing stability and peace of mind for your financial planning.
Indexed Universal Life (IUL)
Indexed Universal Life (IUL) insurance is a flexible financial product that offers both life insurance coverage and the opportunity for cash value growth. It provides a unique combination of protection and potential wealth accumulation. With an IUL policy, you can secure the financial future of your loved ones by ensuring a death benefit in the event of your passing. Additionally, a portion of your premiums is allocated towards an indexed account that tracks the performance of a specific market index, allowing your cash value to grow over time. This growth potential can provide you with a source of tax-deferred savings and the opportunity to access funds for various needs such as supplementing retirement income or covering unexpected expenses. IUL policies offer flexibility in premium payments and death benefit options, empowering you to customize the policy to align with your changing financial goals and circumstances.
Term Life Insurance
Term life insurance is a simple and affordable financial product that provides temporary coverage for a specific period. It offers essential protection for your loved ones, ensuring their financial security in the event of your untimely passing. With term life insurance, you pay regular premiums for a predetermined term, typically ranging from 10 to 30 years.
During the term of the policy, if you pass away, your beneficiaries receive a death benefit. This benefit can be used to cover immediate expenses such as funeral costs, outstanding debts, mortgage payments, and daily living expenses. Term life insurance is often chosen by individuals who want to provide financial protection for their dependents during the years when they have significant financial responsibilities, such as raising a family or paying off a mortgage. It is a flexible and affordable option that offers peace of mind, knowing that your loved ones will be taken care of in case of any unforeseen circumstances.