InsuranceThe protection options that give you the peace of mind knowing your loved ones are taken care of no matter the circumstances.
We pride ourselves in our ability to offer a wide range of life insurance products when putting together protection plans with our clients. Unlike other captive financial planners, Cornacopa works with a variety of insurance carriers. This unique feature allows us to find the correct coverage that includes all of your needs rather than trying to force a single coverage on every client.
There are many types of policies that may fit your situation. Find out more about the most common types by clicking below.
Term life insurance extends coverage for a pre-determined death benefit for a specific number of years. The term usually lasts between 1 and 30 years. If the insured is still alive within the time frame specified, the policy expires without a payout.
Whole life insurance has the death benefit mentioned above, but is provided for – your whole life. The premium is set in stone once you begin the policy and does not increase or decrease. In addition to the death benefit, you can build cash value that builds within the policy. This provides a fund that you can borrow from later in life.
Universal life insurance includes the same death benefit and cash value features of a whole life policy, but comes with a twist! The premium and death benefit amounts can be changed during the life time of the policy without getting a new policy. This flexibility is an attractive feature because if your financial situation changes in either direction, you have the option to adjust according.
Simplified Issue Life
Simplified issue life insurance is policy that allows you to skip the medical exam, that you normally would have to go through with other types of insurance. While you still have to complete a health questionnaire, these policies are approved within days for those who are in a hurry to receive coverage.
Guaranteed Issue Life
Guaranteed issue life insurance is the next step beyond simplified issue and everyone is approved for coverage. If you are able to pay the premium, you are eligible for coverage. While this is typically more expensive due to not having to go through underwriting, it is appealing for those whose declining health pushes other types of insurance out of reach.
Final Expense Life
Final expense life insurance is meant to cover the payments incurred to bury an individual. Geared towards those aged between 40 and 85, it ensures that your loved ones aren’t stuck wondering how to bury you while they are grieving if you don’t have other life insurance coverage.