Life Insurance Defined

At FireTree we believe that achieving your financial objectives happens most effectively through a balanced approach. While some investments focus on a more aggressive growth strategy, others are put in place as protection. For this reason, we offer many high-quality life insurance products to our clients.

Permanent Insurance

Universal Life is a form of permanent insurance that provides flexible premium, death benefit and cash value options. This flexibility is important since accumulation and death benefit needs change over time. By adding optional riders that generally come at an additional cost, you can customize the policy to work toward your needs.

Survivorship Life

Survivorship Life covers two individuals on one policy, paying a death benefit upon the second death (when estate taxes are due). For married couples looking to fund their estate tax liability, survivorship life insurance is possibly the most cost effective method. It can be considerably less expensive than insuring each spouse independently.

Term Insurance

Term insurance is the most basic type of insurance. Coverage is purchased for a set period of time, for example, 5, 10, 15, 20, or 30 years. If you pass away prior to the term expiration then your beneficiaries receive the death benefit. If you live beyond the term, the policy expires. Many policies offer the option of extending your coverage, subject to certain restrictions and limitations.

*National Clearinghouse for Long-Term Care Information, U.S. Department of Health and Human Services (2008)