Life Insurance and Annuity

Life insurance provides financial protection for your loved ones in the event of your death. It ensures that your family can maintain their standard of living, cover expenses, and manage debts without financial strain. At STARZ Insurance in Cumming, GA, we offer various life insurance options tailored to your needs, whether you’re looking for term life, whole life, or indexed universal life policies to protect those who matter most to you.

At STARZ Insurance, we offer a range of life insurance options to suit different needs. Our term life insurance provides affordable coverage for a specified period, while whole life insurance offers lifelong coverage with cash value accumulation. Additionally, indexed universal life insurance offers flexibility with premium payments and death benefits, making it an ideal choice for individuals seeking long-term protection and potential growth. We’ll help you find the right fit for your financial goals.

An annuity is a financial product designed to provide a steady stream of income, typically during retirement. At STARZ Insurance, we offer several types of annuities, including fixed, variable, and indexed options, which can help ensure you have a reliable income stream when you need it most. Annuities offer peace of mind, knowing you won’t outlive your savings, and are a crucial component of retirement planning.

Choosing the right life insurance plan depends on several factors, including your age, family size, income, and long-term financial goals. At STARZ Insurance, we work closely with you to assess your needs and recommend the best life insurance plan, whether it’s term, whole life, or indexed universal life. Our team in Cumming, GA, will ensure you make an informed decision that provides the right level of protection for you and your loved ones.

Annuities play a crucial role in retirement planning by offering a guaranteed income for the rest of your life or for a specified period. They provide a reliable income stream, helping to mitigate the risk of outliving your savings. STARZ Insurance offers a range of annuities, including fixed, variable, and indexed options, to help secure your financial future. Let us guide you in selecting the right annuity plan to fit your retirement needs and goals.

Both life insurance and annuities offer potential tax advantages, making them attractive financial tools. Life insurance death benefits are generally tax-free for your beneficiaries, while cash value in some life insurance policies can grow tax-deferred. Annuities, depending on the type, may offer tax-deferred growth as well. STARZ Insurance can help you understand the specific tax benefits associated with each product, ensuring you make the most of these financial tools.

If you outlive your term life insurance policy, the coverage simply expires, and there is no payout. However, many term policies offer the option to convert to a permanent policy, such as whole life or universal life insurance, before the term ends. At STARZ Insurance, we help you explore your options, ensuring you don’t face a gap in coverage and that your family is always protected.

Annuity payouts are typically structured based on your preferences at the time of purchase. You can choose between a lump sum or a series of payments over time, which can be monthly, quarterly, or annually. STARZ Insurance offers flexible annuity options that can be customized to meet your retirement income needs. Whether you want income for life or a set number of years, we’ll help you select the right structure to ensure financial stability in retirement.