Ruggiero Insurance Agency, LLC is a subsidiary of Ruggiero Investments. As an independent broker, we are able to offer non-biased transparent advise based on your needs. From there, we shop around and provide you with options based on the top-rated accredited companies. Our only loyalty is to you, our client!!
Term Life Insurance covers you for a set number of years before it expires. If you die before the term is up, the set amount of money (death benefit) is paid to your designated beneficiary.
Whole Life Insurance is a permanent life insurance policy because there is no expiration. There's a death benefit and cash value, which is a tax-deferred savings account included in the policy. The cash value accrues interest at a predetermined fixed rate. Monthly, a portion of the premium goes to the cash value in the policy.
Universal Life Insurance builds cash value, just like a whole life insurance policy. Premiums paid go toward both the cash value portion and the death benefit. Policyholders can change the premium and death benefit amount without purchasing a new policy.
Variable Life Insurance is similar to whole life insurance where they both have a cash value; it is the function of the cash values that are different.
With a whole life insurance policy, the cash value component is a savings account. That’s why, although the growth might be small compared to other investment options, there is a guaranteed minimum rate. It also includes dividend payments from the life insurance company.
Simplified issue policy provides you with life insurance without the
medical exam.
Although the medical exam is skipped, a health questionnaire still needs to be filled out. Depending on the answers, the insurance company will review and approve, decline, or possibly request a medical exam depending on certain answers. There is a limit size on policy amount for simplified issue.
Guaranteed Issue Life Insurance forgoes the medical exam. Additionally, any questions regarding your health are waived. As long as you can pay the premium, the insurer will cover you. Information that they will ask to be provided is your age, sex, and state of residence.
Final Expense Insurance is a different policy than life insurance. It is unique in that it covers costs that are associated with your death, whether it is medical costs, a funeral, or cremation—basically all costs and expenses are accounted for towards the final expenses. It is usually only issued to persons of a certain age, and the policy is valid up to a
certain age.
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RUGGIERO Insurance Agency, LLC IS A SUBSIDIARYOF RUGGIERO INVESTMENTS.
SECURITIES OFFERED THROUGH RUGGIERO INVESTMENTS WHICH IS A WHOLLY OWNED INDEPENDENT REGISTERED INVESTMENT ADVISOR (RIA). FOR SPECIFIC STATE REGISTRATION, PLEASE REVIEW THE INVESTMENT ADVISOR PUBLIC DISCLOSURE LINK (HTTPS://WWW.ADVISERINFO.SEC.GOV/IAPD/) INVESTMENTS INVOLVE RISK AND ARE NOT GUARANTEED. SECURITIES AND INSURANCE PRODUCTS ARE NOT INSURED BY FDIC OR ANY BANK AGENCIES 2. MAY LOSE VALUE 3. NOT A DEPOSIT OF OR GUARANTEED BY A FEDERAL GOVERNMENT AGENCY OR ANY BANK AFFILIATES. RUGGIERO INVESTMENTS® IS NOT A TAX ADVISOR. ALL TAX IMPLICATIONS OF YOUR INVESTMENTS SHOULD BE MADE IN CONSULTATION WITH YOUR INDEPENDENT TAX ADVISOR. RUGGIERO INVESTMENTS® DOES NOT PROVIDE TAX OR LEGAL ADVICE. COPYRIGHT 2020.
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