It is important to find the coverage that fits your budget, daily needs, family, and future. All salon professionals need a plan. Take control of your future and design your own affordable policy.
Plans 35-50% less than traditional insurance WITH Access to the largest PPO Network in the nation with over 1million providers for Medical care, Dental, and Vision services.
Saving for college and retirement can take many forms, but life insurance is one form that covers both.
Situation: Kimberly is a 35 year old hairstylist, in good health, with a 2 year old daughter. Kimberly needs a solid plan that will provide protection for her daughter Taylor in case something were to happen to her, and an alternative source of funds for both Taylor's college expenses and her own retirement. Her financial professional recommends an index universal life insurance policy to meet her needs.
Kimberly purchases an index universal life insurance policy.
-Kimberly pays an annual premium of $6000 for 15 years.
- In year 16, Kimberly stops paying premiums and begins taking tax-free distributions from the policy for 4 years, to help pay Taylor's college expenses.
-After 4 years, Kimberly begins to pay the annual $6000 policy premium again, starting at age 54 and stopping at her retirement at 65.
_ Over the next 15 years she takes out tax free funds to supplement her retirement income. * See how IUL can help provide this kind of security for you*
New Coverage Plans have been released. Yes, with living benefits, longterm care, and critical plans attached to life insurance policies are now available. Life can change in a heartbeat and there is a good chance someone relies on you or you rely on someone else. No matter your stage in life, find security in finding the best options possible for the greatest return of protection for you and your family.
Situation: Samantha is diagnosed by her physician with breast cancer at age 39. She has a husband and two children. Prior to getting sick, she worked as an Esthetician. Her husband owns his own business. Samantha chooses to exercise her critical illness rider and receive a portion of her death benefit early. She plans to use the money to help the family cover her medical expenses and make up for her husband's lost income while he cares for her.
-Base Policy Death Benefit = $250,00
-Samantha accelerates a portion of her death benefit or about $237,000
- Her actual benefit amount will be based on the severity of her illness and its impact on her future life expectancy. Given her condition, Samantha receives a benefit of $142,250
-Samantha can use this benefit for any purpose
- Her remaining death benefit is now $12,500. Her future premium will be reduced based on her new lower death benefit. *speak to a insurance specialist to find a plan that works for your personal situation*
Disability plans to protect your greatest asset, the ability to work.
Have you ever been faced with high out-of-pocket costs after being treated for an accident, illness, or hospital stay? Hospital and accident plans can help with some of those costs by paying lump sum benefits directly to you.
The stats are rising. 1 in 3 people acquire a chronic or critical illness. Although major medical can help with the overall cost for cancer, heart attack, or stroke, you can still be faced with high deductibles and co-pays that deplete your finances. Discover different plans to offset your out-of-pocket costs by paying benefits directly to you.
Simple application easy to complete with no medical exams. Immediate Death Benefit payouts within 48hrs. A+ Need family support, 24/7 Funeral Planning assistance. Online Funeral Planning Tools
Questions text 832-789-1766
Learn more and enroll in Insurance Benefits 101, a virtual meeting for group webinar. These meetings will be hosted by a licensed insurance professional. Available to you and your family.Complete the form above
You likely do everyday activities in the salon or working around the house without much thought, but life doesn’t always go as expected.
The Learning Center can help answer your questions and give personalized solutions to plan for the future you deserve.
Benefits Priced for Salon Professionals
Being a small business owner is not easy!
Small business owners face challenges every day such as having the right people, enough time and enough money to effectively grow their business. These are ongoing concerns that may affect their ability to offer employee benefits.
Advantages for offering group health benefits:
• Better access to quality care, larger networks, and more plan options.
• Most insurance plans offer free preventative care which results in reduced absenteeism, improved morale, and having employees not reporting to work for longer periods of time due to serious illnesses.
• Small businesses are eligible for certain tax advantages based on their contributions towards their employees benefit plan(s), and offering benefit plans may create pre-tax deductions for employees.
• Better employee recruitment and retention, including lower hiring costs, improved production, and higher employee morale.
Contact us for assistance with all your individual & group health and benefit needs.
Frequently Asked Questions :
Q. As a small business owner, what options do I have to cover my health?
A. Healthcare offers more affordable alternatives to traditional Health Insurance. Benefits include telemedicine. Members can do an unlimited amount of phone or video consultations with a doctor at no charge from the comfort of their home.
Q. What life insurance options do I have?
A. There are two main types of life insurance:
Term life insurance is the easiest to understand and has the lowest prices.
Permanent insurance is more complex and tends to cost more than term, but it offers additional benefits. Whole life is the most well-known and simplest form of permanent life insurance
Other kinds of permanent life insurance include universal, variable and variable universal.
Although it’s more complicated than term life insurance, whole life is the most straightforward form of permanent life insurance. Here’s why:
Some whole life policies can also earn annual dividends, a portion of the insurer’s financial surplus. You can take the dividends in cash, leave them on deposit to earn interest or use them to decrease your premium, repay policy loans or buy additional coverage. Dividends are not guaranteed.
Whole life insurance covers you as long as you live. You have to pay the same amount of premium for a specific period to receive the death benefit. Normally, this policy is kept in force for the rest of your life, regardless of how long you may live.
Universal life insurance offers all-round protection to your loved ones, thanks to its security, flexibility and variety of investment options. In times of low liquidity you can alter your premium payments or may even withdraw from your cash value fund. In addition, you can increase or decrease the face value of your insurance as per your circumstances.
Q. Are there Life Insurance policies that cover costs while I am living?
A. Yes, Life Insurance with Living Benefits. Accelerated Benefit Riders are optional, no-additional cost riders that allow you to access all or part of your death benefit (while living) if you experience a qualifying terminal, chronic, or critical illness or critical injury.
Useful benefits that cover:
• Household expenses
• Adult Day Care
• Home Modifications
• Regular Bills
• Nursing Home Care
• Quality of life expenditure
• Other needs they may have
Q. What are the tax advantages of life insurance?
A. Death benefits are generally received income tax-free by your beneficiaries. In the case of permanent life insurance policies, cash values accumulate on an income tax deferred basis. That means you would not have to pay income tax on any of the policy's earnings as long as the policy remains in effect. In addition, most policy loans and withdrawals are not taxable (although withdrawals and loans will reduce the cash value and death benefit)
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