Protect Your Family and Your Future – For Life.
You work hard to make sure your loved ones have a comfortable life. How would they fare financially if you weren’t there to provide for them? Without your income to support them, could your family pay bills, make mortgage payments, cover debts or fund a college education? Life insurance is one of the best ways to protect the people you love.
Life Insurance and Fixed & Variable* Annuities
There’s no such thing as one-size-fits-all life insurance. Because you have unique needs, goals and responsibilities, you need a life insurance plan that’s designed specifically for you. We take a personal interest in getting to know our clients and communities. At Dempsey Weiss we understand that providing a successful life insurance program begins with personal relationships, personal service and paying attention to details.
Protection. Accumulation. Distribution.
We can help you prepare for every stage of your life: affordable term insurance if you’re just starting out, flexible universal and whole life options tailored for your growing family, and competitive annuities to help you fund your retirement years. And if you became sick or injured, there’s disability income insurance to help you make ends meet until you can return to work.
Term life insurance is one of the best ways to protect the people you love, and it’s ideal if you’re just starting out. It can be purchased in large amounts for a relatively small premium, it provides affordable protection for a specific period of time, and because the premium remains the same for the duration of the term period, the cost will fit your budget. The guaranteed death benefits ensure funds are there to meet survivors’ needs. And when you’re ready, you can convert term to permanent coverage.
Level Term Insurance 10, 20, 30
Farm Family offers affordable level term life insurance for periods of 10, 20 and 30 years. Premiums are guaranteed to remain unchanged for the duration of the term period. The amount of your premium will depend on your gender, age, health, and whether or not you use tobacco products. At the end of the term — depending on your age, health and plan type — you can select another policy term if you want continued protection.
Yearly Renewable Term
Yearly Renewable Term is term life insurance that provides protection on a year-by-year basis. The policy can be renewed up to age 95 (and age 80 in New York). Yearly Renewable Term is ideal for young individuals to insure for or to provide for any temporary and significant life insurance needs (e.g. indebtedness), at a reasonable cost. It is designed with low, annual premiums that increase according to age.
Universal & Whole Life Insurance
What is Universal Life Insurance?
Universal life insurance is permanent insurance with the main feature being flexibility. You can change your premium and death benefit at any time. Universal life can be an inexpensive way to guarantee a death benefit that is payable to age 100 and beyond.
Family Universal Life Insurance
Family Universal Life gives you the freedom to design an insurance plan you can adjust as your needs change without changing policies.
- Ideal for growing families with modest incomes
- Offers the flexibility to change coverage as your needs change
- As your income grows, premiums can be increased to build cash value more quickly
What is Whole Life Insurance?
Whole life insurance is permanent insurance guaranteed to last for your entire life. But in addition to providing a death benefit, your premium payments accumulate as guaranteed cash values for life’s needs — providing money that can be used for key financial goals like building a retirement nest egg, funding a college education or enhancing your estate so you can transfer your accumulated wealth to your heirs.
Whole Life 100
Farm Family’s Whole Life 100 serves as a solid foundation for any life insurance program, offering a whole life policy with a fixed, level premium.
- Ideal for families and individuals wishing to preserve or accumulate wealth
- Fixed premium to age 100
Life Paid up at 65
LP 65 is a whole life policy with level premiums payable to age 65.
- Ideal for individuals who want premiums to end during retirement years (at age 65)
- Higher accumulated cash value at age 65 than Whole Life 100.
Accumulate Funds for Your Nest Egg
Chances are, you have mixed feelings about retirement. You’re looking forward to a more rewarding and relaxed lifestyle but you’re concerned about building a retirement nest egg. Social Security and company sponsored pension plans will supply some of the income you need after you stop working. But you know personal savings and investments will also be needed to build a solid foundation for retirement.
What is an Annuity?
An annuity is an insurance contract that allows the owner to accumulate funds on a tax-deferred basis and take distribution when desired, often during retirement years.
- Provides guaranteed income you can’t outlive
- A simple way to distribute your estate directly to a beneficiary
Single Premium Immediate Annuity
A Single Premium Immediate Annuity provides a periodic income which begins after the mode is selected (monthly, quarterly, semi-annual and annual) when the policy is issued.
In a Single Premium Immediate Annuity, a lump sum of money is paid in and you are guaranteed to receive a series of payouts over a period of time. The amount of the payout is determined by both the current interest rate at the time the contract is issued and by the payout option chosen.
Single Premium Deferred Annuity
A Single Premium Deferred Annuity (SPDA) is a policy that combines accumulation and interest to provide an income that is available on either a qualified or non-qualified basis. SPDA is available to fund a traditional or Roth IRA.
In a deferred annuity, the single deposit is left to grow until the owner decides when to begin a systematic stream of income payments. There are many payout options available to choose from including a lifetime payout that you cannot outlive.
Flexible Premium Deferred Annuity
A Flexible Premium Deferred Annuity (FPDA) combines accumulation and compound interest to provide a retirement income. This accumulation and future income is available on either a qualified (IRA etc.) or non-qualified basis. FPDA is available to fund a traditional or Roth IRA.
In a flexible premium deferred annuity, the deposits are left to grow until the owner decides to begin a systematic stream of income payments. There are many payout options available to choose from including a lifetime payout that you cannot outlive.
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*Securities offered through American Portfolios Financial Sevices Inc. Member: FINRA, SIPC. Investment Advisory products/services are offered through American Portfolios Advisors Inc., a SEC Registered Investment Advisor. Dempsey, Weiss & Associates are independent of American Portfolios Financial Services Inc. and American Portfolios Advisors Inc.