Did you know that 62% of bankruptcies and 48% of all business failures are due to critical illness? Or that 45% of heart attack victims are under the age of 45? Will your life insurance policy help you even if you don’t die, or how do you know you even have enough? Your family shouldn’t have to alter their hopes and dreams because of unforeseen circumstances. Magnolia Insurance Group can help. Your next phone call could make all the difference in the world.

Living Benefits are kind of our thing.

Most people purchase life insurance to provide a legacy of financial security to their loved ones at the time of their death. Doesn’t it make sense for the benefits to extend and be available for you if you need them while you’re still living? Living Benefits – life insurance you don’t have to DIE to USE.

Old vs. New

Living Benefits

At Magnolia Insurance Group, our life insurance policies come infused with enhancements that allow you to accelerate your policy’s benefits to get much-needed money in your hands if you are to suffer a terminal, chronic, or critical illness – such as heart attack, stroke, or cancer diagnosis – or in case of a critical injury. It’s a game-changing feature that is revolutionizing the face of the life insurance industry. Watch the video to learn more about how Living Benefits life insurance works – and then take action to protect yourself and your finances!

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What kind of life insurance is best for me?

Life insurance has changed and evolved over time, and we have several varieties today. Opinions on what type to choose can be polarizing. The truth is that every person has unique needs and circumstances, and you need a knowledgeable professional to help select the right strategy for your needs. Magnolia Insurance will help you determine how much and what type is right for you.

The low initial premiums make term insurance a practical alternative to permanent coverage. However, term premiums will eventually increase. At some point, if you continue to carry your term coverage, the annual premiums will likely exceed the level premiums that could have been had with a permanent policy and you will not have had the benefit of building any cash values. Term insurance often offers the opportunity to convert to permanent life insurance policy prior to the end of the term without having to provide evidence of insurability. Term insurance may be appropriate for young families with low cash flow and high protection needs, for consumers whose protection needs are temporary, or to supplement permanent life insurance.

Individual whole life insurance, often called permanent or traditional insurance, is precisely what the name implies: Life insurance that’s designed to protect you and your loved ones throughout your entire life. As long as the policy owner continues to pay the premiums, the insuring company will guarantee the death benefit. These policies are designed and priced for an individual to keep over a long period of time. These types of policies are another great option while planning final expenses.

Universal life insurance is considered to be the most flexible type of life insurance. Universal life insurance provides both premium flexibility and death benefit flexibility, allowing to you adjust your policy according to your life insurance needs.Universal life insurance also offers the ability to accumulate cash value under the policy on a tax-deferred basis.

Indexed Universal Life (IUL) provides both premium flexibility and death benefit flexibility of a universal life policy, allowing to you adjust your policy according to your life insurance needs. Indexed universal life also offer the option of having your cash value accumulate at interest based on the changes of a major market index.

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