North Carolina Life Insurance Services
Life happens. Having the right life insurance policy that provides the right kind of coverage is critical when planning for the future of you and your family. It will give you peace of mind knowing that if the unexpected should happen, both you and your loved ones will be taken care of and covered.
Romeo Heatherly Insurance Services understands that life insurance policies are never one-size-fits-all. You and your family have different needs based upon your individual lifestyles. We will walk you through a comprehensive needs analysis to help you determine what it takes to provide for yourself and your loved ones.
We can help you obtain:
- Term, whole life, or universal life insurance.
- Policies for any age group.
- Updates to your policies as your life, needs, and lifestyle evolve.
We have multiple companies to serve you: AIG, Nationwide, Mass Mutual, TransAmerica, Prudential, New York Life, Mutual of Omaha, John Hancock, Gerber, Assurity, and Illinois National, to name just a few of the many life insurance companies that we can shop for coverage that suits your individual needs as well as the needs of your family members and loved ones.
Life Insurance Advantages
A life insurance policy provides you and your family members with several significant advantages in the event of an emergency or other life events. It can help offer assurance to your family members in the event of your death as well as offer benefits that you can utilize when living.
Death Benefits – If you were to pass away, your life insurance policy will provide a tax-free income to the people that are named as your beneficiaries. This money can help pay for many things such as funeral expenses, college or school tuition, debt, or almost any financial need. If you are a business owner and have partners, it can help prevent a forced liquidation by buying out the interests of a deceased partner.
Life Benefits – You are not required to pay taxes on the cash value growth of a permanent (whole) life insurance policy—unless you withdraw the money. You can also take out withdrawals or loans against the cash value of your permanent life policy. This can help with such expenses as school or college tuition, down payment of a home, or home repairs.
Frequently Asked Questions
This association is comprised of all of the insurance companies that are licensed to sell life insurance in North Carolina. The purpose of this association is to protect policyholders if their current insurance company is insolvent. If your life insurance company goes out of business, the association will step in to protect you by continuing your coverage and paying any claims up to $300,000.
There are many different factors that life insurance companies take into consideration when calculating your premium rates. Some of these can include:
- Type of coverage that you want
- Your lifestyle and health (alcohol usage, tobacco usage, driving record, etc.)
- Amount of coverage that you want
- Dangerous activities that you participate in (skydiving, rock climbing, motorsports, scuba diving, etc.)
- Medical history of your family
- Your gender and age
According to the North Carolina Department of Insurance, yes, they can.