1202 Troy Schenectady Road
We believe Life Insurance is one of the most valuable financial tools that individuals have access to. We also believe it is one of the more complex financial tools. Some individuals and planners look at it as an afterthought, and have a limited understanding of the capabilities life insurance policies have. We incorporate life insurance within our financial planning and view it as a foundation that helps secure our clients financial plans.
Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.
Common types of life insurance plans you could get to protect yourself and your loved ones.
Whole life insurance provides protection for the entire life of the insured and builds up cash over time that can be available to the policy owner should they need it.
Benefits of Whole Life Insurance
Term insurance is protection only for a stated period of time. The price, amount, and time length of coverage varies depending on the type.
Benefits of Term Life Insurance
Universal life insurance is a form of permanent insurance that gives policy owners the flexibility to adjust cost, coverage, and cash value to meet their goals.
Benefits of Universal Life Insurance
May be ideal for those who need death benefit protection but are focused on cash value accumulation for lifetime needs such as supplementing retirement income.
Benefits of Indexed Universal Life Insurance
Variable life insurance is a form of permanent insurance that allows the policy owner to direct the investment of the cash value.
Benefits of Variable Universal Life Insurance
For all of us, providing our family with a safe and secure future is our number one priority. We plan, save andwork hard to make this happen each and every day. But does your existing plan take care of your family, or yourassets, in the event that you are no longer there to provide for them? That is why we recommend a yearly reviewof your life insurance coverage to make sure you’re still on track to meet your goals. Whether it is updating thebeneficiary on your life insurance, or simply reviewing your current plan. We want to make sure that you have allof the information you need to continue to make smart decisions about your financial future.
If you answered yes to any of these questions, then it is time for us to meet and review your existing goals toensure that you are still on track to meet all your family’s goals.
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Discover the wide array of services we offer our clients. Including Financial Planning, Retirement Planning, Investment Management, Life Insurance and more.
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Thoroughbred Advisors is represented by a growing team of Financial Representatives and Financial Advisors serving the Capital Region and beyond. Discover what makes us a unique independent advisory firm.