more than a life insurance policy.
an act of love.
- Fast & Free Quotes
- No Medical Exams
- Top-Rated Carriers
My main goal
In this business I’ve learned that life rarely happens as we expect. So many things can happen and life changes will occur. My main goal is to be there for those families through those changes, so it’s important for me to put myself in their shoes. That’s why it’s crucial to establish trust early on with all my clients. With me you get an open door policy. Which means I’ll be that agent you can always get a hold of no matter the time of day. Making a positive impact and building lasting relations with the families I help is the best way I do business.
I can help
The last thing you need to worry about is who is going to take care of your family should something ever happen to you. Having a solid plan in place not only gives you peace of mind, but also gives your family peace of mind during an already very difficult time. When choosing a plan you need to take a few things into consideration like how many people currently rely on you, your income, and what kind of job you have. These things, along with many other aspects, will help influence how much coverage you will actually need. When you work with an insurance broker like Sully, you get customized coverage for whatever you may need without the stress of having to do it all on your own. Did I mention you don’t need a medical exam? That’s fast and affordable coverage in minutes.
Don’t wait until it’s too late, get approved, get peace of mind, and give your loved ones the best life.
Sully has your back. 24/7. That's the BestLife motto.
There's a lot of life insurance coverage out there. Here are a few common types.
Critical Illness/Final Expense
- Critical illness provides a lump sum of money when you are diagnosed with an illness covered under the policy. The payout can be spent on any needs, including non-medical expenses such as mortgage payments, transportation, equipment, or even vacation while you recover. The premiums are low and affordable, compared with those of a typical health insurance policy. This can also be added as a rider to your original life policy.
- Final expense is a permanent policy that pays a death benefit to loved ones when the policyholder passes away, as long as premiums are paid. The benefit is typically enough to cover moderate costs, such as funeral arrangements, medical bills, legal fees, and probate costs, but it won’t be as large as a traditional term life or whole life policy.
Term/Whole Life Policies
- Term life policies provide coverage for a set period of time, usually one to 30 years or until a specific age. Term life insurance is cheaper than whole life because it doesn’t have a cash value component and may expire without paying any benefits. However, term life insurance can still provide a guaranteed death benefit to the insured’s beneficiaries if they die during the policy’s term. It is the most cost effective insurance plan on the market. Most term policies will have premiums that remain the same for the entire term duration.
- Whole life, also known as permanent life insurance, covers the insured for their entire life, as long as premiums are paid. Whole life policies typically have higher premiums than term life, but they also build a cash value over time that can be borrowed against or used for other financial needs. This cash value grows tax-deferred and can help pay for the policy in later years when the cost of protection increases and more coverage is needed. Customers like a whole life policy because of it’s predictability. That’s because the premiums and death benefit remain the same for the life of the insured. With this product you can also choose how you pay the premiums. Whether it’s monthly, quarterly, semi-annually, or annually.
IULs/Universal Life
- Indexed universal life (IUL) insurance is a permanent life insurance policy that provides a death benefit and a cash value component. The cash value can grow through an equity index account, which is different from other universal policies that only allow cash value growth through non-equity earned rates. The money in a policyholder’s cash value account can earn interest by tracking a stock market index selected by the insurer, such as the Nasdaq-100 or the Standard & Poor’s 500. IUL is a good investment because of its ability to relieve pressure from traditional retirement assets when they are down in value or subject to high tax brackets in retirement. However, this policy can be complicated to understand, so it’s important to talk to me or a professional about rates of returns, market caps, and your goals for retirement.
- Universal life (UL) insurance is a type of permanent life insurance that offers flexibility in premium payments and death benefit amounts. It can also build cash value over time that can be borrowed against while the policyholder is alive. UL policies remain in effect as long as premiums are paid on time. Policy owners can adjust their premiums and death benefit amounts to suit their financial situation. They can also skip premium payments if the cash value is enough to cover the cost of insurance for the month. UL policies build cash value that can be used to protect the future of a family or business. Policyholders can also choose how to invest their cash value, such as in stocks, bonds, or mutual funds. UL policies offer tax advantages for the cash value they build. When the policy owner passes away, any remaining cash value can be passed on to their heirs income tax free.
Ask me about mortgage protection life insurance or simplified issue. I’ll be happy to help.
Jacob Sullins
License No: 20984182
Experienced, Independent, and Local here in Arkansas.
Licensed to Protect
- Arkansas
- Maine
- Oregon
- Michigan
- Maryland