Life insurance pays benefits upon a person's death or disability.  For relatively small premiums paid in the present, the policy holder receives the assurance that a larger amount of money will be available in the future to help his or her beneficiaries pay debts or funeral expenses.  Some life insurance policies can also be used as a tax-deferred investment to provide funds during a person's lifetime for retirement or everyday living expenses.

A good way for small businesses to attract and retain qualified employees is to offer life insruance policies to workers as a tax-deductible employee benefit, like health insurance or retirement programs.  There are also specialized life insurance plans that allow small business owners to reduce the impact of estate taxes on their heirs and protect their business against the loss of a key employee, partner or stockholder. 

 Group Life Insruance policies are generally less expensive and are often packaged with health insurance for a small fee.  The cost of life isnurance policies depends upon the type of policy, age and gender of the applicant, and the presence or absence of dangerous life style habits.  There are various options and we work closely with our clients to ensure they have all the infomraiton needed to make the best choices for their business and employees.

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.

Term Insurance
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.

Permanent Insurance
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.

United Benefit Solutions is dediciated to not only educating our clients and their employees on the plans available but also providing a professional caring staff who will work with you on all phases of your health insurance needs.  We are proud of our continued relationships with our clients and work hard to provide you with the best pricing, coverage and services in today's health insurance industry.