Insurance Products
Life, Disability and Long-term Care Insurance
Protecting your assets from accidental death or disability is a key factor when it comes to your retirement savings and family's overall financial well being. J.P. Turner offers access to a variety of insurance products including disability insurance, life insurance, long-term care insurance, term insurance and universal life insurance. Your J.P. Turner advisor can answer your questions and recommend an insurance product that fits your goals and lifestyle. Our insurance options include:
Disability Insurance
Disability insurance can provide income for you and your family when you're unable to work because of a short-term or long-term disability.Life Insurance
Life insurance can help you protect the financial security of your family in the event of your death.Long-Term Care Insurance
Long-term care insurance can help you pay for long-term healthcare expenses while preserving your retirement savings and other assets from the high costs of long-term care.Term Insurance
Term life insurance provides a death benefit when the insured dies. Term insurance does not accumulate cash value and ends after a certain number of years or at a certain age.Universal Life Insurance
Universal life insurance combines a death benefit with a savings element, which accumulates tax-deferred at current interest rates. Under a universal life insurance policy, the policyholder can increase or decrease his or her coverage, with limitations, without purchasing a new policy.Variable Universal Life Insurance
Variable universal life insurance combines a death benefit with a savings element that accumulates tax deferred. Under a variable universal life insurance policy, the cash value in the policy can be placed in a variety of sub-accounts with different investment objectives and risk profiles. The policyholder can transfer funds among the sub accounts as he or she wishes. Transfer fees are charged after a certain number of transfers. Other fees will also apply to such policies, including mortality and expense risk charges, administrative fees, contract fees and management fees for the underlying investment options. The variable sub-accounts are subject to market risk, including fluctuating returns and possible loss of principal; therefore, the cash value may be worth more or less than the original investment.Whole Life Insurance
Whole life insurance offers a death benefit and also accumulates cash value, tax deferred at fixed interest rates. Whole life insurance policies generally have a fixed annual premium that does not rise over the duration of the policy. Whole life insurance is also referred to as "ordinary" or "straight" life insurance.
Your need for insurance and how much you buy should be based on your current and future financial circumstances. That's why it's important to work with a J.P. Turner financial advisor to analyze your personal situation and identify the insurance product(s) that makes sense for you.
