Protect Your Loved Ones with
a Quality Life Insurance Plan

Protect your family’s future well-being with a custom coverage plan, including tax-free benefits, business life insurance, and indexed plans.

ABI Insurance is your trusted advisor to protect what is most important: your family’s future well-being. We work with clients and their families to provide a custom plan based on their needs and assets.

We work with the industry’s most trusted carriers to provide a tax-free death benefit that gives tax-free income money to named beneficiaries. That money can be used for funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind. A death benefit also allows business partners to buy out the deceased partner’s interests, thus preventing a forced liquidation.

Our life insurance policies can even provide benefits while you are still living. The cash value growth of a life insurance policy is tax-deferred. That means a life insurance policyholder does not pay taxes on the growth of the cash value unless the money is withdrawn. Additionally, a policyholder can take out loans or withdrawals against the cash value to help with various expenses, such as a down payment on a home or a dependent’s college tuition.

ABI Insurance offers the major life insurance policy plans:

Term Life, which provides insurance protection for a specific amount of time, such as 10, 15, 20 or 30 years. It covers short-term needs such as college tuition expense or the cost of buying out a business partner. This is the least expensive of the life insurance plans and can convert to a permanent policy down the road.
Whole Life, which is designed to remain in effect for the insured’s entire life. This was the first permanent life insurance product and has since been replaced with universal life insurance.
Universal Life, which is similar to whole life, but is more flexible and cost-effective. This policy calculates life insurance costs based on life expectancy, averaging the premiums so that individuals pay the same level premium until death. Ideal for long-term needs such as providing replacement income and paying off a mortgage.
Indexed Universal Life, allows you to participate in market returns without downside risk. This is the number one selling cash value life product in the market today. If you have a long investment time horizon indexed universal life can help you generate tax deferred and potentially tax-free savings while solving your death benefit needs at the same time. Talk to one of our specialists about how indexed universal life can help provide: replacement income, college savings, retirement income, long-term care benefits, and more.

For business owners, a specialized business life insurance plan is crucial to protect assets, provide a continuation of the business and provide financial security for a business owner’s heirs. ABI Insurance offers:

Keyperson Life Insurance. When you have business partners and tragedy strikes, you may find you are now in business with your partner’s spouse or kids. The estate needs to cash out their stake in the business. You need viable partners who can help you, and the funds to make that all happen. Also, the cost to find highly qualified specialists can be very steep and keyperson life insurance can provide funds tax-free.
Executive deferred compensation. Setup properly, life insurance can be a useful tool to create a sinking fund for buyout needs or to supplement retirement income. This is a tool to answer the problem of “What if you don’t die?” Funding a buyout can be tenuous, complicated, and risky for a retiring partner. Proper planning can solve this.

Call ABI Insurance today to set up an appointment with one of our trusted insurance advisors and to find out how best to protect the financial future of your loved ones.