Insurance

A Ramirez & Co. Financial Consultant can offer you a variety of insurance products to protect against adverse, unforeseen events. Whether it is taking the responsibility health care costs incase of injury or to provide for your family after death, our estate planning experts will help determine the best policy for you.

Click here for a comparison chart

Term Insurance
A policy that is payable to a beneficiary only when the insured dies within a specified period. No benefit is payable if the insured survives to the end of the term.

Whole Life Insurance
A policy under which coverage remains in force during the insured's entire lifetime, provided premiums are paid as specified in the policy.

Ordinary Life
A policy that gives death protection for as long as you live for which you pay the same premiums for as long as you live.

Variable Life
A policy based on the payment of a fixed annual premium, the establishment of a cash value and the guarantee of a minimum death benefit. The insured may elect to have the cash value invested in stocks, bonds or other types of investment vehicles and the freedom to transfer the investments from one type to another at stated periods free of taxes and fees.

Universal Life
An investment program tied to a term insurance contract under which the holder may change the death benefit and vary the amount or timing of premium payments.

Limited Payment Life
Whole life insurance in which premiums are payable for a specified number of years or until death.

Paid-Up Life
Similar to Limited Payment Life except the entire premium is paid in one installment

Endowment Insurance
Guarantee a minimum sum payable upon death within the agreed period but if the policy reaches its term, the sum paid out is the value of the investments at that time.

Retirement Annuity
Used to grow retirement savings on an income tax-deferred basis and then allows you to choose a payout option that best meets your need for income when you retire-a lump sum, income for life, or income for a certain period of time

Single Premium Life (Fixed or Variable)
For the payment of a lump sum the policyholder receives coverage greater than the amount of the premium.

Second to Die Whole Life (Survivorship)
A single policy insuring two lives and pays off at the second death when estate taxes are to be paid.

Whole Life with Supplemental Insurance
A policy composed of whole life and term insurance used to create a level death benefit.

Double Indemnity
A rider in which the beneficiaries will receive double the face value of the policy should you die in an accident.

Disability Waiver
A waiver for premiums in the event of disability before 60 or 65 years of age.

Family Income
If you die within a certain period, the company will pay the family a monthly income for affixed time and pay out the face amount of the ordinary policy in a lump sum at the end of the period.

Mortgage Redemption
Used for paying off a reducing mortgage.

Insurability Protection
Gives the insured the right to buy additional insurance of specified amounts at certain ages, usually up to age 40, without further physical examination.

Click Here to learn more

* Please be aware that variable products are long-term investments subject to market risk and substantial fees and expenses.