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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.

Term Life

Term Life

Temporary Coverage
Provides life insurance protection for a specific period (e.g., 10, 20, or 30 years).


Affordability
Generally, the most affordable type of life insurance offers higher coverage amounts for lower premiums.


No Cash Value
Term life insurance does not accumulate cash value; it is only designed for a death benefit.


RESOURCES:

Term Life Insurance: What It Is, Different Types, Pros and Cons

Term vs. Whole

Schedule an Appointment to Learn More

Whole Life

Whole Life

Lifelong Coverage
Offers permanent coverage for the entirety of the policyholder's life. 


Cash Value Accumulation
Includes a savings component where cash value accumulates over time, which can be borrowed against.


Fixed Premiums
Premiums remain constant throughout the policy's life, and the death benefit amount is guaranteed.


RESOURCES:

Whole Life Insurance Definition: How It Works, With Examples

Term vs. Whole

Schedule an Appointment to Learn More

Universal Life

Universal Life

Flexible Premiums
Policyholders can adjust their premium payments and death benefits within certain limits.


Cash Value Component
Accumulates cash value, which is impacted by interest rates and can be used to pay premiums.


Adjustable Coverage
Offers the flexibility to change coverage amounts and tailor the policy as your needs evolve.


RESOURCES:

What is Universal Life Insurance?

Pros, Cons, & Cost of Universal

Schedule an Appointment to Learn More

Variable Life

Variable Life

Investment Options
Includes a cash value component that can be invested in various accounts.


Higher Risk and Reward
Potential for higher returns, but with increased risk, including the possibility of losing cash value.


Flexible Death Benefit
The death benefit and cash value fluctuate based on the performance of the investment choices.


RESOURCES:

Variable Life Insurance

A Guide to Variable Life Insurance

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Are You & Your Family Insured?

Are You & Your Family Insured?

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.

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