Family Protection Solutions

Life is unpredictable, but your family's financial security doesn't have to be. At Eternity Financial Alliance, we understand the importance of safeguarding your loved ones' future.

In challenging times, life insurance becomes a financial lifeline, covering daily expenses, mortgages, and bills. The death benefit shields your family from potential debt burdens, addressing immediate financial needs. Beyond this, life insurance supports business continuity, funds education, and supplements retirement funds.

Benefits of Life Insurance

Financial Security for Your Loved Ones
In the event of your passing, life insurance provides a crucial safety net for your family. It covers immediate expenses, such as funeral costs, mortgage payments, and daily living expenses.

Debt Protection
Life insurance ensures that your debts don't become a burden for your family. Outstanding mortgages, loans, or other financial obligations can be settled without putting additional strain on your loved ones.

Legacy and Inheritance
Life insurance allows you to leave a meaningful legacy for your heirs. It can fund educational expenses, provide an inheritance, or contribute to charitable causes important to you.

Business Continuity
For business owners, life insurance can be integral to business continuity. It ensures that your business survives and thrives, providing financial support during a transition period.

There Are Five Different Types of Life Insurance

IUL - Index Universal Life

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.

Increasing the death benefit may be subject to additional underwriting approval.

IUL offers;

Flexible death benefit
Flexible premium
Cash value grows based on an interest crediting strategy that is tied to changes in a market index such as the S&P 500
Downside protection through minimum guarantees(4) to ensure that your cash value will not decline due to decreases in the Index.

VUL - Variable Universal Life

This policy design is for the customer who needs life insurance but would like to have the ability to choose how their cash value is invested.

Guarantees are dependent upon the claims-paying ability of the insurer and do not protect the value of the variable product portfolios, which may fluctuate. Variable policy holders are subject to investment risks, including the possible loss of principal invested.

VUL offers;

Flexible death benefit
Flexible premium
Cash value grows based on the performance of the professionally managed stock, bond and money market sub-accounts that you choose. You can design a portfolio to match your comfort level and risk tolerance. Policy cash values fluctuate based on the sub accounts in which you are invested and may lose value, including principal.

WL - Whole Life Insurance

These policies are designed for individuals who want guarantees and who are focused on providing death benefit protection over cash value accumulation.

WL offers;

Guaranteed death benefit
Guaranteed cash value
Potential additional cash value by the receipt of any dividends declared by the company. Although not guaranteed, dividend payments are generally declared annually by the company.
Level premiums are guaranteed to never change.

UL - Universal Life Insurance

May be ideal for the consumer who has a need for life insurance, is somewhat conservative, and wants the guarantees of a fixed, minimum interest rate with the potential for additional interest credits.

Increasing the death benefit may be subject to additional underwriting approval.

UL offers;

Flexible death benefit
Flexible premium
Policy cash values are credited to a current interest rate that is set by the insurance company, which is subject to change but will never be lower than a guaranteed minimum interest rate.

Term - Term Life Insurance

May make sense for those who have budget limitations, large protection needs or temporary need.

TERM offers;

Guaranteed death benefit for a fixed period
Fixed premium
No cash value
Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured
Initial premiums tend to be lower but will eventually increase

Living Benefit

The Living Benefits feature allows you to receive a portion of the policy's death benefit while you're still alive, triggered by specific qualifying events, with each carrier having its own guidelines and limitations. It's essential to note that this rider is not meant to replace health contracts, qualify as long-term care insurance under section 7702B(b) of the Internal Revenue Code, or function as non-qualified long-term care insurance.

Qualifying Events

Critical Illness:
Critical illnesses often occur suddenly and without warning, causing significant financial impacts. Some qualified critical illnesses include major heart attacks, strokes, major organ transplants, paralysis, cancer, end-stage renal failure, among others.

Chronic Illness:
Chronic illnesses are typically conditions that persist for an extended period, disrupting normal daily living. Qualifying illnesses or conditions affect the ability to perform at least two activities of daily living (ADLs).

Terminal Illness:
Terminal illnesses are defined as those in which a physician reasonably expects (and certifies) will result in the insured person's death within 24 months.

Why Choose Eternity Financial Insurance Life Insurance?

Tailored Coverage
Our expert advisors will work closely with you to understand your financial needs and will create a custom designed policy.

Financial Security
Proper insurance coverage in the event of a passing. Protect your income and assets against chronic illness. Get accelerated death benefit options to protect if you get get sick.

Suitable and Affordable Premiums
To get the right coverage can be expensive. Our custom tailored plans will ensure your family's future is protected.