Term Life Safeguard is a budget-friendly life insurance policy in which you can designate the number of years (10 or 20) as well as the benefit amount ($30K to $200K) to help ease the financial stress your family would face in the event of your death.  A cash benefit is paid directly to your beneficiaries for the amount you designate.  At the end of your policy term, you may choose to continue coverage on a yearly basis until age 75.  The Critical Illness benefit is available if you are diagnosed with a qualifying critical illness, such as heart attack or life-threatening cancer (details provided in the Summary of Benefits).

In addition, Term Life Safeguard utilizes a simplified underwriting process in which you will answer yes or no questions and you will not be subject to a physical examination. The application can be completed quickly and easily right online, making the purchase of Life Insurance simpler than ever.

Although it’s never pleasant to think about death, it’s important to consider whether or not your family would face financial hardship in the case of your death and what you can do now to make sure they are covered.  Having a Term Life with Critical Illness policy provides the comfort of knowing that should the worst happen, your family’s financial stability is safe.

For more information on North Carolina insurance coverage, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our experienced and professional agents.

Term Life Insurance – Term Life Insurance is the least expensive type of coverage and provides protection for those value minded consumers for a limited period of time, such as 10, 15, 20, or 30 years. This allows the most death benefit coverage for your specific personal or business need while guaranteeing a level premium for that time period. The one that is right for you depends on many factors and your financial advisor can assist you in that endeavor.

Fixed Universal Life Insurance – Universal Life Insurance can help meet the needs of people who desire long-term death benefit protection with a flexible premium structure. At higher premiums coverage may be guaranteed for the insured’s lifetime. Your financial advisor can assist you in the providing the right solution for your situation.

For more information about Term Life and to apply today, click here or call Jerry Ballard and Associates toll free at 888-765-5400.

This information was provided by Banner Life and https://www.lgamerica.com/bannermainsave.htm

 Life insurance for every stage…
 You’re married
 You’re married with kids
 You’re a single parent
 You’re a stay-at-home parent
 You have grown children
 You’re retired
 You’re a small business owner
 You’re single

If someone will suffer financially when you die, chances are you need life insurance. Life insurance provides cash to your family after your death. This cash (known as the death benefit) replaces your income and can help your family meet many important financial needs like funeral costs, daily living expenses and college funding. What’s more, there is no federal income tax on life insurance benefits.

Most Americans need life insurance. To figure out if you need life insurance, you need to think through the worst-case scenario. If you died tomorrow, how would your loved ones fare financially?

Would they have the money to pay for your final expenses (e.g., funeral costs, medical bills, taxes, debts, lawyers’ fees, etc.)? Would they be able to meet ongoing living expenses like the rent or mortgage, food, clothing, transportation costs, healthcare, etc? What about long-range financial goals? Without your contribution to the household, would your surviving spouse be able to save enough money to put the kids through college or retire comfortably?

The truth is, it’s always a struggle when you lose someone you love. But your emotional struggles don’t need to be compounded by financial difficulties. Life insurance helps make sure that the people you care about will be provided for financially, even if you’re not there to care for them yourself.

To help you understand how life insurance might apply to your particular situation, we’ve outlined a number of different scenarios below. So whether you’re young or old, married or single, have children or don’t, take a moment to consider how life insurance might fit into your financial plans.

You’re Married

When you’re married, you share everything with your significant other, including your financial obligations. Many people mistakenly believe that they don’t need to think about life insurance until they have children. Not true. What if one of you were to die tomorrow? Even with the surviving spouse’s income, would that person be able to pay off debts like credit-card balances and car loans, let alone cover the monthly rent and utility bills. If you’re planning to have children, you’ll want to buy life insurance right away and not wait until the mom-to-be is pregnant. Some companies won’t issue a policy to a woman during her pregnancy. Since health complications sometimes arise, they’ll want to wait until after the baby is born to issue the policy. Buying insurance before a baby is on the way helps avoid this potential problem.

You’re Married With Kids

Most families depend on two incomes to make ends meet. If you died suddenly, could your family maintain their standard of living on your spouse’s income alone? Probably not. Life insurance makes sure that your plans for the future don’t die when you do.

You’re a Single Parent

As a single parent, you’re the caregiver, breadwinner, cook, chauffeur, and so much more. Yet nearly four in ten single parents have no life insurance whatsoever, and many with coverage say they need more than they have. With so much responsibility resting on your shoulders, you need to make doubly sure that you have enough life insurance to safeguard your children’s financial future.

You’re a Stay-At-Home Parent

Just because you don’t earn a salary doesn’t mean you don’t make a financial contribution to your family. Childcare, transportation, cleaning, cooking and other household activities are all important tasks, the replacement value of which is often severely underestimated. Surveys have estimated the value of these services at over $40,000 per year. Could your spouse afford to pay someone for these services? With life insurance, your family can afford to make the choice that best preserves their quality of life.

You Have Grown Children

As the years go by, you may feel your need for life insurance has passed. But just because the kids are through college and the mortgage is paid off doesn’t necessarily mean that Social Security and your savings will take care of whatever lies ahead. If you died today, your spouse will still be faced with daily living expenses. What if your spouse outlives you by 10, or even 30 years, which is certainly possible today. Would your financial plan, without life insurance, enable your spouse to maintain the lifestyle you worked so hard to achieve? And would you be able to pass on something to your children or grandchildren?

You’re Retired

Did you know that depending on the size of your estate, your heirs could be hit with a large estate tax payment after you die (45% of your estate). The proceeds of a life insurance policy are payable immediately, allowing heirs to take care of estate taxes, funeral costs, and other debts without having to hastily liquidate other assets, often at a fraction of their true value. And life insurance proceeds are generally income tax free and can be arranged to avoid probate. Finally, if your insurance program is properly structured, the proceeds from your life insurance policy won’t add to your estate tax liability.

You’re a Small Business Owner

Besides taking care of your family, life insurance can also protect your business. What would happen to your business if you, one of your fellow owners, or perhaps a key employee, died tomorrow? Life insurance can help in a number of ways. For instance, a life insurance policy can be structured to fund a “buy-sell” agreement. This would ensure that the remaining business owners have the funds to buy the company interests of a deceased owner at a previously agreed upon price. That way, the owners get the business and the family gets the money. To protect a business in case of the death of a key employee, “key person insurance,” payable to the company, provides the owners with the financial flexibility needed to either hire a replacement or work out an alternative arrangement.

You’re Single

Most single people don’t need life insurance because no one depends on them financially. But there are exceptions. For instance, some single people provide financial support for aging parents or siblings. Others may be carrying significant debt that they wouldn’t want to pass on to family members who survive them. Insurability is another reason to consider life insurance when you’re single. If you’re young, healthy and have a good family health history, your insurability is at its peak and you’ll be rewarded with the best rates on life insurance. If you anticipate a need for life insurance down the road (e.g., you’re the marrying type) and you can fit the premiums into your budget, it might make sense to lock in coverage while you’re young and single. Doing so can eliminate the worry of having to qualify for coverage when you’re older and maybe not as healthy as you once were.

For more information about Life Insurance, click here or call us toll free at 888-765-5400.  Jerry Ballard & Associates offers several options from:

Why buy Term Life Insurance coverage? 

Term Life Insurance can provide you with large dollar amounts of death benefit at an affordable price. These policies are designed to give you protection for a guaranteed number of years with a guaranteed level premium. Many people buy term life insurance to cover mortgages, college tuition, replacement of income and any other financial obligations that have a set amount of time that they may be financially responsible.

What is Term Life Insurance? 

Term Life Insurance is a life insurance policy that has a specific term or time frame that it is guaranteed. You can buy a term life insurance policy with 5, 10, 15, 20, 25, and even 30 year periods.

Why is it so cheap?

Term Life Insurance has few of the features that are associated with other life insurance policies. Whole Life Insurance, Universal Life Insurance, and other variations of permanent life insurance, have internal cash build up available for the policy owner to access based on its design. Policy owners receive interest and interest compounding on these cash values. Permanent life insurance policy owners pay a higher premium than term life insurance owners because it is that excess premium that accumulates for available cash later on. Term Life Insurance does not build a cash value. It is pure insurance coverage for a set number of years.

There is no better time than right now to make plans to ensure your family’s financial security in the event of your death with an affordable, term life policy. Jerry Ballard & Associates, your North Carolina agent, is pleased to introduce you to the term life insurance plans of several top insurance companies, all with A to A++ ratings from independent industry analysts A.M. Best, Fitch, Moody’s, and Standard & Poor’s.

Banner Life Insurance Company
Transamerica Occidental Life Insurance Company
Lincoln Benefit Life
Lincoln National Life
Do it on line! It’s quick and easy!

Get Your Quote Today!

For more information on life insurance coverage in North Carolina, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our qualified agents. 

Term Life Insurance NC

Compare term life insurance quotes from four industry leaders.

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There is no better time than right now to make plans to ensure your family’s financial security in the event of your death with an affordable, term life policy. Jerry Ballard & Associates, your North Carolina agent, is pleased to introduce you to the term life insurance plans of several top insurance companies, all with A to A++ ratings from independent industry analysts A.M. Best, Fitch, Moody’s, and Standard & Poor’s.

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  • Banner Life Insurance Company
  • Transamerica Occidental Life Insurance Company
  • Lincoln Benefit Life
  • Lincoln National Life

Do it on line! It’s quick and easy!

•  
  1. Get detailed facts about each insurance company.
  2. Get free, no obligation online quotes.
  3. Complete and sign a simple, online application.
  4. Mail signed application to the term life insurance company selected.
  5. The term life insurance company will call you to schedule an in-person appointment.