Life Insurance Options Personalized For You
Choosing an individual Life Insurance policy can be very confusing. There are so many different types, different terms and different payment plans. It’s hard to know what to choose.
But Heritage has the answer: We can help you decide which plan offers the most security for you and your family.
We work with multiple insurance companies and offer the following Life Insurance Products:
Permanent Individual Whole Life Insurance with an automatic Annuity Rider fund. All Annuity Rider interest earnings are tax deferred.
- Transamerica, AFBA, and ANICO Term Life at 10/15/20/25/30 years – Life Insurance that gives you coverage during a specific time period. If you die during this time period, your named beneficiary receives a benefit payment in the covered amount. Term life does not increase in value. If you do not die during the specified period, your coverage simply ends.
- American-Amicable Life Insurance Company of Texas, Transamerica, Accordia Life, ANICO and Genworth Life Universal Life (UL) – Flexible Life insurance that allows you to use the interest from your accumulated savings to pay your premiums. Your policy and your premiums are variable and broken down by the insurance company into insurance and savings. If your savings portion is earning a low return, you can use it, instead of external funds, to pay your premium. Universal Life allows the cash value of your investments to grow at a variable rate that is adjusted monthly.
- Transamerica, Accordia Life, Allianz, ANICO, Genworth Life, and North American Company Indexed Universal Life (IUL) – Life Insurance that allows you to allocate cash to either a fixed account or an equity index account. When you pay a premium, a portion of the payment pays for your annual term insurance. The remaining cash value is credited with interest based on an equity index.
- American-Amicable Life Insurance Company of Texas, ANICO, and Gerber Individual Whole Life – Life Insurance that is in force for your whole life and requires that you pay premiums annually. Whole life policies also provide for the accumulation of cash value on a tax-deferred basis which can be used when you need it. Policy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value.
Please note: Individual Life Insurance is not available in all states. All products are subject to state approval.