Services
Life Insurance
What is Life Insurance and how does it work?
A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a Tax Free lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death. Typically, life insurance is chosen based on the needs and goals of the owner.
Term Life Insurance
There are two basic types of term life insurance policies: level term and decreasing term. Level term means that the death benefit stays the same throughout the duration of the policy. Decreasing term means that the death benefit drops, usually in one-year increments, over the course of the policy’s term. With both types you will have them for a specific time periods, Ex. 10, 20 or 30 years. Tax Free death benefit
Whole Life Insurance
A form of permanent life insurance. Rather than pay premiums for a set number of years, you pay them for your whole life and when you die, your beneficiaries receive a Tax Free death benefit … If you don’t want to pay premiums forever, there is paid – up whole life insurance. These policies can also build cash value.
Universal Life Insurance
The insured is protected with a guaranteed amount of Tax Free death benefit proceeds. In addition, funds that are in the policy’s savings component are invested to provide the policy holder with cash value build up. Over time, this cash can grow on a tax deferred basis.
Final Expense Policies
We also offer Final Expense Policies. These policies are normally smaller dollar amounts between $3000 – 50,000.00 and are used for buriel expenses, pay off any debt such as credit cards and leave a legacy to children. There are Underwritten policies and we also offer Guranteed issue policies which ask no health questions.
Life Insurance Services
Life is unpredictable, but having the right life insurance policy ensures that your loved ones are protected in the event of any unforeseen circumstances. At Stark Insurance, we understand that everyone’s needs are different, which is why we offer personalized life insurance plans designed to fit your individual requirements. Whether it’s term life insurance for temporary coverage or universal life insurance for more flexibility and long-term benefits, our expert advisors are here to guide you through the process, ensuring you make informed decisions about your life insurance needs.
Term & Universal Life Insurance
Our Term Life Insurance offers an affordable and straightforward way to protect for a specified period. It’s an ideal solution for those looking to cover specific financial responsibilities like children’s education, loans, or mortgages. The simplicity and lower premiums of term life make it an attractive option for many of our clients.
For those seeking more flexibility and a lifetime of coverage, our Universal Life Insurance provides an adaptable solution. With the ability to adjust your premiums and the death benefit, Universal Life Insurance is suited for individuals who appreciate the combination of a savings element alongside lifelong coverage. This type of insurance is perfect for long-term financial planning, offering both a safety net and an investment component.
Annuities
Annuities from Stark & Associates are designed to be a cornerstone of your retirement strategy. They provide a steady income stream in the future, based on the capital you invest today. Whether you’re looking for immediate annuities to start paying out soon after investment or deferred annuities to grow your savings tax-deferred over time, we have options to fit your retirement planning needs.
Group Life Insurance
For businesses, Stark & Associates offers Group Life Insurance. This cornerstone benefit attracts and retains top talent. Providing life insurance to employees under a group policy not only enhances your benefits package but also demonstrates a commitment to the well-being of your team. Our Group Life Insurance plans are customizable to align with your company’s size, budget, and the specific needs of your workforce.
Mortgage Protection
Mortgage Protection Insurance is a specialized form of life insurance designed to pay off your mortgage in the event of your passing. This ensures that your family can remain in their home without the burden of monthly mortgage payments during difficult times. Stark & Associates understands the importance of home security, which is why we offer tailored Mortgage Protection plans to fit your specific situation and budget.
Stark & Associates Insurance is a local agency in Boca Raton, Florida, specializing in Life and Health Insurance coverage for individuals and businesses.
