Serot Group

Our next product spotlight is Universal Life.

Universal life policies are our teams' most commonly sold life insurance type. They allow cost savings typically associated with term policies while still maintaining the ability for permanent coverage. The real advantage to these policies is the ability to increase or decrease premium payments to achieve your desired length of coverage.

These policies are primarily known for their cash values associated with them. There is potential for gains to be made while also providing coverage on your life. Cash value typically accumulates early on and is used in your later years to help supplement premiums in covering the cost of insurance.

Universal life policies are great for almost anyone. Whether you are young and would like to build cash or are older and looking for a more cost effective solution for your needs, universal life is a great tool to use.

A new fixed annuity is available and we are very excited to share!

Recently, a partner company has come to offer a 3% guaranteed interest rate on their fixed annuity with a minimum value of $100,000. Below $100,000 account value guarantees an interest rate of 2.6%. Still a great rate.

The product is structured such that you are guaranteed your rate for 5 years. After this 5 year period you have access to all cash with the ability to renew at the future interest rate. Should you choose not to renew, you are free to move the value without penalty.

This product is great for those nearing or at retirement. Anyone investing in CDs would be a great candidate.

As always, feel free to contact our office with any questions or to find out more info.

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