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Life Insurance

Foundation & Protection

Even the best financial plan can be undermined by the unexpected. At Hoover & Associates, we provide safeguards to help keep your mind on the important things in life. So, if the unexpected occurs, you can be sure you and your family will have a plan. It’s important to us that you’re able to sleep at night knowing that your worries are our priority.

We’ll Help You Understand Your Coverage

We can help determine the right type and right amount of coverage for you. Whether it's a simple term policy or a complex permanent policy, we'll make sure you understand your options. Our team is here to help you through the application process, underwriting and delivery of the policy. 

Life Insurance Problems We Solve

HOW MUCH LIFE INSURANCE COVERAGE DO I NEED?

 We use a Capital Needs Analysis that takes into account all of your personal assets and liabilities. This ensures that you never have too much coverage or too little. Everybody’s life insurance needs are different, but we make sure that every client gets the amount of coverage that is optimal for their situation.

SHOULD I USE TERM OR PERMANENT LIFE INSURANCE?

Besides coverage amount, this might be the most important question to ask. Everyone’s situation is unique, but it boils down to affordability, length of coverage, and death benefit amount. Other assets, tax liability, and legacy planning all come into consideration as well. We will devote our attention to determining which life insurance is the best fit.

SHOULD I USE MY EMPLOYER’S LIFE INSURANCE?

Although usually a good place to start, employer life insurance plans can vary greatly from company to company. In some cases, the employer’s life insurance policy may be lacking in some areas of coverage or offer low coverage limits. We can provide you with options to receive potentially more comprehensive coverage. 

WHAT IS LIFE INSURANCE CASH VALUE?

Found in permanent policies, the cash value, or surrender value, of a life insurance plan is the amount of money that is available to the policyholder while the policy remains in force, or the amount of money available if they surrender the contract. The cash value can be used in a variety of ways to benefit the policy owner.


Have a Question About Life Insurance? We're Here to Help.

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