Grow. Preserve. Enjoy.
Welcome to McKnight Insurance Solutions.
Before you get started, remember: "People don't plan to fail, they fail to plan." - John Beckley.
Temporary CoverageProvides life insurance protection for a specific period (e.g., 10, 20, or 30 years).
AffordabilityGenerally, the most affordable type of life insurance offers higher coverage amounts for lower premiums.
No Cash ValueTerm life insurance does not accumulate cash value; it is only designed for a death benefit.
Term Life Insurance: What It Is, Different Types, Pros and Cons
Term vs. Whole
Schedule an Appointment to Learn More
Lifelong CoverageOffers permanent coverage for the entirety of the policyholder's life.
Cash Value AccumulationIncludes a savings component where cash value accumulates over time, which can be borrowed against.
Fixed PremiumsPremiums remain constant throughout the policy's life, and the death benefit amount is guaranteed.
Whole Life Insurance Definition: How It Works, With Examples
Flexible PremiumsPolicyholders can adjust their premium payments and death benefits within certain limits.
Cash Value ComponentAccumulates cash value, which is impacted by interest rates and can be used to pay premiums.
Adjustable CoverageOffers the flexibility to change coverage amounts and tailor the policy as your needs evolve.
What is Universal Life Insurance?
Pros, Cons, & Cost of Universal
Investment OptionsIncludes a cash value component that can be invested in various accounts.
Higher Risk and RewardPotential for higher returns, but with increased risk, including the possibility of losing cash value.
Flexible Death BenefitThe death benefit and cash value fluctuate based on the performance of the investment choices.
Variable Life Insurance
A Guide to Variable Life Insurance
No one wants to think about life insurance. But if someone depends on you financially, it is a topic you shouldn’t avoid. Getting insurance doesn’t have to be complicated (or boring). Let McKnight Advisory Group help answer your questions and help you make informed decisions for protecting your loved ones financially.
Many people with life insurance coverage need to know what they have, why they have it, or if it is too much or too little. Annual coverage reviews are essential because existing policies may no longer appropriately fit an individual’s overall portfolio. Lower interest rates and higher insurance costs could lead older policies to lapse early and not be there for an individual as initially planned. Because life happens and individuals may have skipped a premium payment or paid a premium late, the future performance of a policy can be adversely affected.
Older life insurance policies (particularly permanent, cash value policies) should be reviewed regularly as with any other type of financial vehicle. It ensures that an individual’s coverage is in unison with their goals and the planning strategies. Contact us today to discuss a policy review.