Bryant Asset Protection
PO Box 219
1280 New Scotland Road
Slingerlands NY 12159
Ph: (518) 439-1141
Fx: (518) 475-0030
About us
Contact us
Click here to skip straight to the information request form
Life insurance is one means of providing financial security for those who survive your passing away.
Generally, life insurance pays a certain amount of money to a designated person called a beneficiary, based on an agreement made with an insurance company. That agreement provides for periodic payments from, or on behalf of, the insured person. These payments are called premiums. In return, the insurance company will pay an agreed-upon amount, called a death benefit, to the beneficiary if the insured person passes away during the term of the policy.
Premium amounts vary according to the type of life insurance purchased, the age and physical health of the insured person (including smoking), the term of the insurance, and the amount of the death benefit selected.
There are several different types of life insurance, but these fall into two main forms - term insurance and permanent insurance.
Term life insurance provides a death benefit for a fixed number of years, usually 5, 10, 15 or 20 years. Premiums are a fixed amount over the life of the policy. When the term of coverage ends, the coverage ends as well. Term insurance tends to be the least costly form of life insurance and builds no cash value, but becomes more costly to renew the term as the insured person ages.
Permanent life insurance includes a few major types of insurance that provide coverage to the insured so long as the premiums continue to be paid. Most types of permanent insurance develop a cash value that can be accessed over the life of the policy. Permanent life insurance forms include the following:
There are other products sold as "life insurance" that are actually regulated under federal securities laws. As such, Bryant Asset Protection is not permitted to advise you on these, but the professionals at Bryant Asset Management may be able to help.
In virtually all cases, Bryant Asset Protection strongly recommends that anyone considering life insurance be guided by a professional in making these important choices.
Accordingly, we would discourage clients from purchasing life insurance via the internet without assistance from Bryant Asset. Internet life insurance sources can be eager to sell you a policy and may be less concerned with your actual needs than a licensed, experienced agent who takes the time to fully assess your circumstances and advise you accordingly.
A request for assistance from Bryant Asset Protection in considering life insurance can be found below.
