Life Insurance 101

Life Insurance 101

HLife insurance can be an overwhelming and confusing topic for many. If anyone depends on you financially, life insurance is crucial. Life insurance will help your dependents take care of any final expenses, outstanding medical bills, or any debt. In the event of your unexpected passing, you don’t want your loved ones to be worrying about finances when they should be grieving. Since life insurance can be confusing, we have compiled the basics of life insurance so that you can determine which option is best for your particular needs.

Permanent Life Insurance

These plans are more expensive because they provide you with higher cash value due to your years of investment. Your determined premium will remain the same throughout your policy and will provide your loved ones with financial stability in the event of your sudden passing.

At Club Agency, we offer living promise whole life insurance policies. These policies consist of the following:

  • Simple Underwriting Process: This means that income documentation and a medical exam are not necessary.
  • Plans available for 45-85 year olds and 50-75 year olds
  • Coverage amounts ranging from $2,000 through $40,000
  • Your premium will never increase and your benefits will never decrease.

Term Life Insurance

When choosing to take on a term life insurance policy, you are choosing death benefits coverage for a specific, detailed period of time at a fixed rate. Term life insurance is typical of those needing pure income replacement.

At Club Agency, we offer signature term life insurance policies. These policies consist of the following:

  • Simple Underwriting Process: This means that income documentation and a medical exam are not necessary.
  • Multiple Term Levels based on your particular needs: 10year, 15 year, 20 year, 30 year, & annual renewable term policies.
  • Living Benefit Riders: chronic, critical, and terminal illness Riders may be granted access to their benefits before death.
  • When transitioning from a term life insurance policy to a permanent life insurance policy, we offer conversion credit.

Club Agency has been providing Garden City, New York residents with excellent, personalized insurance services since 1936. Contact us today to start investing in your life insurance policy.



COVID-19 Update:

At RMS and associated firms, business continues as usual. Our staff is remote-capable and available to handle all partners, brokers, and insureds at the present time. Contact us today!Executive Order for Policyholder Payments