Life Products

It is important to protect what you value, which is why you insure your home, your car, and your valuables. What about your family? Without life insurance, you may leave your family open to unnecessary risk. It is important to review your life insurance every time a major change happens in your life, whether that be a marriage, the birth of a child, purchasing a house, or starting your own business. Fortunately, life insurance can be surprisingly easy and affordable! It’s cliché to say it, but “life insurance isn’t for the people who die, it’s for the people who live.” Give the Duke Marshall Group a call to discuss what life insurance can protect, and to get your personalized rate today. We have the products to fund Estate Planning and Commercial Life Insurance needs such as a Buy and Sell Agreement.

Term life insurance is life insurance that guarantees payment of a stated death benefit during a specified term. After that specified term expires, the policy holder can choose to either renew it for another term, convert the policy to permanent coverage, or allow the policy to terminate. Term life insurance gives insurance to individuals against the loss of life. Any cash benefit may be used by the beneficiaries to settle the policy holder’s healthcare and funeral costs, consumer debt, or mortgage debt, among others.

Whole life insurance, or traditional life insurance, provides coverage for the life of the insured. In addition to providing a death benefit, whole life insurance also contains a savings component where cash value may accumulate. Whole life insurance guarantees payment of a death benefit to beneficiaries in exchange for regularly-due premium payments. Whole life insurance often includes a savings portion, alongside the death benefit.

Universal life insurance is a permanent life insurance policy with an investment savings element and low premiums. While many universal life insurance policies contain a flexible premium option, some require a single premium or fixed premium. A universal life insurance policy can accumulate cash value and policyholders may borrow against the accumulated cash value.

As people age or become ill, they sometimes need help doing daily tasks such as getting dressed, bathing and more. Long-term care provides some people with those services, but it’s expensive. Most health and disability insurances won’t cover long-term care, but long-term care insurance will. Call the Duke Marshall Group for more information.

An annuity is a type of policy that is issued by an insurance company that is designed to accept and grow funds; then, upon annuitization, it will create a stream of income or payments. The money that you pay can be either a lump sum, or a number of payments. These contributions generally earn a rate of return, and are usually tax-deferred.