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Our Planning Process
Wealth Management Presentation

 

Life Insurance

The professionals at PWMG offer all forms of life insurance on an individual or group basis. We are totally independent and do not represent any particular insurance company. It is our practice to find the company that best meets the needs of each client. In so doing, there is a list of companies we have come to favor because their products have done so well for many of our clients.

Individual Life Insurance
The professionals at PWMG represent a variety of life insurance companies that specialize in different types of policies that meet our client needs. The policies we offer include traditional Whole Life, Universal Life, Term Insurance and Second-to-Die as well as Variable Life and Annuity products.

Group Life Insurance
Provides death benefits for employee groups. Different rates and plans are available depending upon the number of employees in the group as well as the size of the policies.

Permanent Vs. Term Life Insurance
The differences between term and permanent life insurance (such as whole life, universal life or variable universal life) have sometimes been compared to renting versus buying a home. Term insurance is like renting in that premiums provide immediate protection, but do not build "equity" in the asset. At the end of the term, coverage expires without value. On the other hand, permanent insurance generally has a feature that allows it to accumulate a cash value on a tax-deferred basis. Other comparisons:

PERMANENT LIFE INSURANCE TERM LIFE INSURANCE
• Substantially higher initial premium
• Lifelong protection
• Premiums can often be locked in for the life of the policy
• Death benefit protection plus cash value accumulation
• Low initial premium
• Temporary protection
• Premiums increase periodically
• Death benefit protection only

Term life insurance provides pure life insurance protection. If you die during the term of your policy, your beneficiaries will receive the death benefit you selected. At the end of the term, the policy expires without value. Many policies can be renewed (at a higher rate based on the insured's attained age) at the end of the term.

    

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Securities offered through Kestra Investment Services, LLC (Kestra IS) Member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS) .

Kestra IS and Kestra AS are not affiliated with The Physicians Wealth Management Group.

 This site is published for residents of the United States only. Registered Representatives of Kestra Investment Services, LLC and Investment Advisor Representatives of Kestra Advisory Services, LLC, may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. Neither Kestra IS or Kestra AS provides legal or tax advice. For additional information, please contact our Compliance department at 512-697-6000.

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