Indexed Universal Life (IUL) insurance offers flexibility and potential for cash value growth linked to the performance of stock market indexes, such as the S&P 500. With IUL, policyholders have the opportunity to accumulate cash value over time while still providing a death benefit for their beneficiaries. This type of policy allows for greater control over premium payments and death benefit amounts, making it a popular choice for individuals seeking both protection and growth potential in their life insurance coverage.
Guaranteed Universal Life (GUL) insurance offers affordable, permanent coverage with guaranteed premiums and a guaranteed death benefit. Unlike other types of permanent life insurance, GUL policies typically do not build cash value. Instead, they focus solely on providing a guaranteed death benefit for a specified period, often up to age 90 or 100. GUL is an excellent option for individuals looking for long-term coverage without the potential investment risk associated with other types of policies.
Term life insurance, also known as pure life insurance, is life insurance that guarantees payment of a stated death benefit during a specified term. Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the policy to terminate.
At Strength Insurance, we offer a range of annuity products to help our clients achieve their financial goals, including indexed and fixed annuities available in New York (NY).
We offer comprehensive disability income insurance solutions to provide financial security when you need it most. Our disability income policies are designed to replace a portion of your income if you become unable to work due to injury or illness. With flexible coverage options and competitive rates, you can rest assured knowing that you and your loved ones are protected against the financial impact of disability.
Whether you’re just starting your career or nearing retirement age, our pension planning experts can assist you in creating a personalized retirement strategy tailored to your individual goals and circumstances. From assessing your retirement needs to selecting the right pension plan options, we’ll guide you every step of the way.
