Life

Senior Planning Services 

Plan for the Unexpected With Life Insurance

Give your family the financial security they need with life insurance coverage from Colonial Insurance Associates. Because we work with a number of insurance carriers, we can find the perfect policy for your needs and your budget. Our experienced staff is ready to guide you through the process of determining how much life insurance you need to make sure that your family is cared for.

Term Life Coverage for Limited Budgets

Term life insurance provides coverage for a stated period of time and was designed to provide protection on a limited budget. It can be purchased in large amounts for small initial premiums and is suitable for short-range goals. Term life policies have the advantage of being initially affordable due to their adjustable premium and their ability to be renewed.

Universal Life Insurance Benefits

  • Flexible coverage, benefits, and premium payments
  • Security for your family
  • Tax-free death benefits
  • Tax-deferred account value growth
Couple talking to an insurance agent

Whole Life Coverage for Long-Term Goals

Whole life, also known as permanent life, provides coverage for as long as you live and continue making premium payments. The premiums are generally level and payable for life. The younger you are when you purchase the policy, the less expensive your annual premium will be. Your whole life coverage can also earn dividends depending on a number of factors with your insurer. 

Whole life policies accumulate guaranteed cash values, so even if you choose to surrender the policy those cash values would come directly to you. In some cases, you may be able to borrow against those cash values as a policy loan. And those cash values are often tax-deferred depending on your policy and current federal income tax laws.
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