We know it’s difficult to imagine a time when you won’t be there to help provide for your family. That’s why we have developed a suite of Life insurance products designed to help answer your Life insurance requirements, at any stage of life. Whether you’re a new family, business owner, or single parent, Kostar Insurance & Financial Services, Inc has a Life insurance option to suit your needs and budget.
- Term Products Term Life Insurance: The simplest form of Life coverage, term insurance is no more than a matter of premiums and a death benefit. The name fits since term insurance’s span of coverage lasts only a specified period of time; if the insured dies while the policy is in force, the death benefit will be paid to the designated beneficiary.
- Whole Life Products Whole Life Insurance: Permanent form of Life coverage that is provided for the insured’s lifetime. Whole Life policies feature guaranteed level premiums, and build cash value that the policy owner may use to keep the policy in force, or may borrow during the insured’s lifetime, at a reasonable rate of interest.
- Universal Life Products Universal Life Insurance: Permanent form of Life coverage that offers a great deal of flexibility to the policy owner. Premium payments may be varied, death benefits may be changed, partial surrenders are allowed, and cash value may be accessed either through loans or direct withdrawals.
Policy loans and withdrawals will reduce cash value and death benefit. Policy loans are subject to interest charges. If your policy is a modified endowment contract, loans and withdrawals may be subject to taxes and penalties.