Life Insurance
    Death is certain. Let us help you protect your most valuable assets .Life insurance
    is one way to say I love and I care. The Boyd Group specializes in life insurance.
    No one wants to talk about death, but if you educate people about the different
    types of life insurance, many of them realize their need for coverage. Whether its
    individual coverage or group coverage you are looking for we can help.

    Types of Life Insurance
  • Permanent
    This type of coverage lasts as long as the premium is paid or until death. Permanent
    life insurance is similar to purchasing a piece of property. The value of the property
    is the death benefit and has an inverse relationship to a mortgage. When you buy a
    home you decide on a price, borrow that amount from the bank and you pay the
    note down hopefully to zero one day. When you buy permanent life insurance you
    pay up the note until the cash value equals the amount of the death benefit you
    chose. The policy builds cash value, better known as equity in relation to a piece of
    property. You can borrow money against your home with a home equity line, but if
    you die the money must be paid back. You can also borrow money against your
    permanent life insurance and if you die there is no need to worry about paying back
    the amount you borrowed. The insurance company will simply reduce the death
    benefit by the amount of the outstanding loan. Try negotiating that concept with the
    bank.
    Permanent insurance is more expensive but if funded properly premiums will remain
    level for life. Permanent life insurance is a great tool to use when estate planning
    given that life insurance proceeds pass to a beneficiary tax free.

  • Temporary
    Better known as term insurance, this type of coverage is good to cover large ticket
    items such as a child's college education or a mortgage. It last as long as you need
    coverage and can be purchased in terms of 1 year up to 30 years. The longer the
    term the more expensive the annual or monthly premium. When the term you
    choose expires many term plans terminate. Always make sure to buy a plan that is
    renewable and convertible....just in case health issue have arisen and prevent you
    from shopping elsewhere. Temporary coverage is much cheaper than permanent
    coverage but builds no equity. Term insurance is similar to renting a home verses
    buying a home.

    Types of Permanent Life Insurance

  • Increasing Whole Life (IWL)
    This is my personal favorite. Level premium and annually increasing death
     benefit. What more can you ask from a life insurance product. A great estate
    planning tool or final expense product. It keeps up with inflation, avoids estate taxes,
    and keeps your relatives from having to pass the hat at your funeral.

    Plan Highlights

  • Death Benefit -  from $2,000 to $10 million.
  • Premium (pay) periods - annual, semi-annual, quarterly, monthly
  • Single Premium - lump sum, no future payment
  • 5 Pay - Pay five years, no future payment.
  • 10 Pay - Pay 10 years, no further payment.
  • Continuous pay
  • Guaranteed premiums
  • Inflation accelerator** - Death benefit grows 3 percent per year for the first 10 years
    and 2 percent per year until death.
  • Optional benefits
  • Accelerated benefit - For diagnosed terminal illness, balance upon death.
  • Waiver of premium payment - in the event you are disabled.
  • 10% death benefit increase if wearing seatbelt in covered accident - free

  • Universal Life (UL)
    Life Cycle Universal Life Insurance is a flexible form of life insurance. This is a
    great product to offer in the workplace as a voluntary benefit. Contingent
    guaranteed issue available for groups of 25 or more employees.

    Plan Highlights

  • Death Benefit- from $2000 to 250000.
  • Can be purchased for as little as $3 dollars per week.
  • Emergency funds - up to 75% of death benefit if diagnosed terminally ill.
  • Unemployment Protection - if out of work and receiving unemployment.
  • Optional coverage
  • Nursing Care - up to 25% face value, up to three years.
  • Family - Spouse and/or children coverage
  • Accidental Death Benefit - in addition to death benefit
  • Waiver of premium - if totally disabled prior to age 65

    Term Insurance
    Value Term Life
    Term life insurance is the low cost way to insure your loved ones. The Boyd Group
    is proud to offer one of the lowest priced term products in the country. We offer
    coverage periods of 10,15,20 and 30 years.

     Plan Highlights

  • Renewable  - after term period - no qualifying.
  • Convertible - to increasing whole life policy or universal life plan - no
    qualifying.
  • Optional coverage
  • Additional insured with no policy fee.
  • Children's term rider.
  • Accidental Death Benefit - in addition to the death benefit
  • Waiver of premium - if unable to make payments
  • Disability Income up to $2500 per month.
  • Accelerated benefits rider; advances up to 75% of the death benefit to a
    maximum of $250,000, if the insured is deemed terminally ill.
Individual Life
The Boyd Group

Note:
* Information on this web site is general in nature and can vary from state to state. Please contact
the Boyd Group for additional information. Your issued policy contains the contractual terms and
conditions and is the de facto document regarding coverage.

** Rates not guaranteed - Contact The Boyd Group for more information
You need Java to see this applet.