What we offer
Xennial Wealth & Life Insurance Solutions
Term Insurance
Most Affordable Coverage
Term life Insurance is the most affordable coverage available. This is a great option for someone that wants a substantial death benefit at an affordable price. Term Insurance does not provide cash accumulation. Term insurance is available for specific periods of time such as 5 years, 10 years, 15 years, 20 years, or 30 years. You may be able to convert term insurance to a permanent policy in the future. One thing to be aware of is that your term policy will lapse if not converted. This would cause you to requalify at an older age in the future and would increase the price of your new policy.
Permanent Insurance
Several Types Of Coverage
Permanent Insurance is just as it sounds, permanent. Permanent insurance provides a death benefit and builds cash accumulation. Permanent insurance is more expensive than term insurance. There are several types of permanent insurance policies.
Whole Life Insurance
Most Common Form Of Permanent Insurance
Whole Life Insurance is the most common form of permanent insurance. Your premium never increases or decreases and lasts as long as you live. If structured properly, your policy will achieve steady cash growth. You may even earn dividends which are considered return of premiums if your policy performs. Whole life Insurance grows tax deferred. This means that your cash value is taxed when withdrawn. You may take loans against your policy for life matters.
Universal Life Insurance
Cash Accumulation Grows Tax Free
Universal Life insurance like whole life insurance provides a death benefit as well as cash accumulation. Universal Life is flexible. It allows you to choose if you want to focus more on cash accumulation, or if you want a higher insurance face value. Cash that has been accumulated may be withdrawn as a loan for life matters. Unlike whole life insurance, Universal Life Insurance’s cash accumulation grows tax free. With the flexibility of a Universal life policy, you must have the right Life agent looking over your policy.
Final Expense Insurance
Cash Accumulation Grows Tax Free
Final expense insurance is designed for those 40-85 years old. It was designed to protect your family
from expensive funeral expenses such as headstones, flowers, burial’s, and memorial expenses.
Annuities
As retirement quickly approaches, you may be concerned with outliving your savings. Annuities are long term financial strategies that can help you lock in guaranteed income streams and potential cash growth while providing a death benefit for your loved ones. Many people choose to transfer 401k funds to annuities. You can purchase Annuities with guaranteed fixed interest rates, or with market-based performance. When you retire, the goal is to maintain your lifestyle. Annuities contribute to that goal by securing your retirement savings.