Help your family maintain their standard of living and life-style
Pay off debt
Create a college fund for spouse or children
Protect your business needs
Nichols & Associates provides policies of life Insurance, temporary or permanent, and universal insurance. No one type of insurance is better than the other because each policy is created to suit you and your family’s every need.
Offers protection for a specific period of time, ranging from 10, 20 or 30 years. The policy pays a death benefit to the beneficiary if the policy holder passes away during the term covered by the policy.
If you stop paying premiums, the insurance stops.
Coverage ends at the end of the term but can be renewed, usually at a higher premium, because you are older. You may need to be re-underwritten based on your current health at that time.
There is a different type of term life policy which may return your base premium to you if you continue to keep the policy in force, and if you do not die by the end of the policy term.
Also known as “permanent life” is protection that is current and valid for as long as you live. By choosing to pay a premium that does not increase as you grow older, you average out the costs of your policy over your lifetime on a yearly basis. The important feature of whole life insurance is that it builds cash value, which is a sum that increases over the years on a tax-deferred basis. If you cancel your policy, you can receive the cash value in a lump sum, although any gains will be taxable.
A Universal life insurance policy contains two elements: pure life insurance and a savings element. Each month you pay your premium the insurance portion is paid, administration costs are taken out, and the remainder goes into the policy’s savings account.
For more information on Life Insurance, contact us at 850.747.0288.
Dental Insurance provides coverage for oral health care for individuals, groups, and businesses .
Disability insurance includes paid sick leave, short-term disability benefits, and long-term disability benefits.
Life Insurance provides the opportunity to protect your family’s financial future upon the insured's death.
Long-Term Care Insurance is designed to cover personal and custodial care in your home, facility or community.
You buy health insurance for the same reason you buy other kinds of insurance, to protect yourself financially.