Serving Somerset County, Hunterdon County, Mercer County and Surrounding Areas

Considering or purchasing life insurance does not have to be confusing or daunting... at INCOME RESOURCE GROUP, we keep the process simple.

Life insurance is nothing more than income replacement. Life insurance provides income tax-free dollars at a time which no one can predict. When it is needed the most, most people don't have it. Don't let that be you! Life insurance is there to keep a family or business in the same financial condition that they are used to ..

How much do I need? There are formulas to get you to where you need to be. Simply put, think of how many years of income do you need to replace if something unfortunate happened. Make sure to include things like paying off the mortgage, college, transportation, etc.

What kind of insurance should I have? There is term insurance that covers you for a limited "term", usually up to 30 years. Term is low cost to acquire at pure cost. There is no return of premiums if a death during the term doesn't occur. There are risks of out-living your coverage, however, we can talk more about that during our scheduled meeting.

Then there is "permanent"  life insurance. In fact, there are several kinds with all having different benefits. What term and permanent have in common is that as long as you pay your premiums...your coverage will be there when its needed.... no matter what age you are when you die. Most will accrue an internal "living benefit" that will offset or even fully return your premium costs the longer you own it... and those "cash or account values" can be accessed in an emergency... or can even be used to supplement your retirement income.

Do you own a business? We can show you how to use cash-value life insurance to retain key employees, as well. Depending on your needs, we can show you how to provide immediate money to "buy-out" the business share of a partner who died. These Key Peoples unfortunate event, more than likely had an adverse effect on the business's ability to continue. You will have to either find a person or dollars to replace a that partner (particularly a concern in a professional practice). Thus remaining profitable, while avoiding potential conflicts with heirs who might expect their share of the business to be paid to them promptly.

Do you need life insurance? Have questions? Let INCOME RESOURCE GROUP help.. we answer your questions....you decide what to do...

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