Life Insurance

Life insurance from McIntyre Insurance Services can help you secure your family's financial future by providing the funds they need to: cover burial expenses, uninsured medical bills, pay off your mortgage and other outstanding debts, plus maintain a comfortable standard of living.

There are a variety of life insurance policies that we can provide. The kind of policy you choose depends on your needs:

Term Life

Term Life Insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a limited number of years. Insurance premiums will not increase during the guaranteed policy time period (term) you select.

The insurance expires without value if the insured lives beyond the policy period, usually 5 to 20 years. Some insurance companies offer a Return of Premium Rider. This means if you out live your term policy, the premiums you paid for the entire term will be refunded. A popular offer for many younger insurance buyers.

Term insurance pays a benefit only if you die during that term. Term insurance generally provides the largest insurance protection for your premium dollar.

Universal Life

Universal Life is characterized by great flexibility. Policyholders can determine the amount and frequency of premium payments - e.g., the more you pay, the less time you will need to pay. Your premiums cover the insurance part as well as the savings, or investment element, and the expense part. The stated interest on the investment portion changes along with movement in interest rates.

Whole Life

Whole Life Insurance provides permanent protection for the whole of life - from the date of policy issue to the date of the insured's death, provided that premiums are paid. Premiums are set at the time of policy issue and remain level for the policy's life. Unlike term insurance, whole life combines insurance protection and savings, or cash value, which builds over time. Cash value build-up may provide a source for living benefits; for example, helping pay off a mortgage, or a child's education, or cash surrender value if the policy is ever cancelled.

Remember, life Insurance remains in force for as long as premiums are current, provided there are no misrepresentations on the application. The insurance coverage terminates if you discontinue your premium payments.

Life insurance plans are continually changing and we can provide you with the latest information and policies available!