Life Insurance Myrtle Beach – Helping clients understand their options and achieve their goals is what makes my work so rewarding Every client is unique, so together we can develop a personalized approach that meets the needs of today and tomorrow
With so many options and complex information, making financial decisions is never easy That’s why I’m here to help you figure out what’s right for you
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Together we can develop a strategy that is tailored to your needs and goals I believe we are in this together for the long haul, so you can count on me to help you manage and update our approach as your life changes.
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Life insurance can help replace lost income and protect your family if you or your spouse dies. Long-term care insurance can help provide care and protect your lifestyle in the event of an unexpected health event.
Whether you want to travel the world, spend time with the grandkids or make sure all your day-to-day expenses are covered, a steady and reliable source of income can provide valuable peace of mind.
You can invest as part of preparing for retirement, but your investments can help you achieve other financial goals, such as paying for college, buying a business, or buying a home.
Through services ranging from life insurance to financial strategies, we’ve helped millions of people turn their love for their families into policies that help protect them. We personally serve each client by providing guidance and support in life’s unique moments
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How do you make sure you have enough income when you retire? You may want to consider a policy that allows you to maintain your lifestyle, helps you save, covers some of the costs of long-term care, or helps you as you retire. So it provides an income stream
Reconciling your personal and financial life means figuring out what works best for both of you. You can customize a plan to protect you now and grow with you in the future
With the right approach, you can protect your family’s future and prepare for your financial needs We can help protect your biggest asset and even give you access to funds to help with big expenses like tuition or medical bills or home repairs.
TRAVIS M. RHINE Financial Services Professional for NYLIFE Securities LLC (Member FINRA/SIPC), a licensed insurance agency. NYLIFE Securities LLC is a New York life company For more information about NYLIFE Securities LLC and its investment professionals, click here. Life insurance can be divided into two primary categories, long-term and permanent The type of policy we recommend for your situation depends on your needs and goals
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Term life insurance is defined as “just in case” insurance That is, I want insurance coverage “just in case” something happens to me at some time or period Term insurance is usually the most affordable life insurance, and you can usually buy a term from 1 to 30 years or up to a certain age. Most young families start out with long-term insurance because they have more debt than income due to early careers and other types of debt such as mortgages, student loans, car loans, and more.
It’s a perfect scenario to buy a 20 or 30-year term, which covers you until your children reach an age where they are no longer financially dependent on you and will pay off your debts. Term insurance can also have riders on contracts that allow you to convert a policy into a permanent insurance policy up to a certain age or medical underwriting for a certain period of time (each policy is separate and all term policies have this). occurs (competence in their agreement).
Term insurance is also a great business tool for settling a buy/sell agreement or a large loan When 2 or more partners form a partnership or corporation, it’s always a good idea to have some sort of succession plan in place in case the unexpected happens, in which one partner dies. Taking out a term insurance policy on each shareholder can be a cost-effective solution to buying out a share of the company from that shareholder’s estate.
Also, if a business takes out a loan, the bank may require that the loan be covered by a life insurance policy on the employee or principal. Since the loan is for a fixed amount of years, it is easy to use term insurance to cover the loan at an affordable rate.
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While term insurance is designed to provide a death benefit “if you die during this period”, permanent insurance is designed to provide a death benefit “when you die”. Few things in life are certain but death is one of them Permanent life insurance is designed to insure an individual for life and is usually reserved for final expenses, gift planning, estate planning or estate planning.
There are many types of permanent life insurance but the most common are whole life, universal life, and universal index life. Whole life and index universal life both have several benefits that come with the policy, such as the cash value that grows in the policy like a savings account, and the death benefit that can grow over time. Mandatory period of policy
Cash value increases in a whole life policy are typically based on a specified interest rate and dividends from the insurance carrier, and premiums are typically designed to remain the same for the life of the policy. The cash value in an index universal life policy is based on the growth of a specific index, such as the S&P 500, and the premium is often more flexible than a whole life policy.
Finally there is Universal Life which is designed to be the most affordable permanent insurance option. Universal life works like a term policy but can be designed to provide an age guarantee beyond the age of 90.