Life insurance in Concord NH

Life insurance is divided into two categories: Term and Whole Life (also
sometimes referred to as permanent).
Term life insurance
A life insurance policy which provides a stated benefit upon the holder’s death,
provided that the death occurs within a certain specified time period. Policy does not build up a cash value.
Whole life insurance
Whole life insurance offers life-long coverage combined with a cash-value savings component. This type of policy has higher premiums than term life. Premiums remain constant and a portion is invested which becomes the cash value of the policy. Whole life insurance has a fixed death benefit. 

How Much Life Insurance Do I Need?

Depending on where you are in life and who you are responsible for, you could have any number of goals for your life insurance policy:

● Replace your income so your family can maintain their lifestyle after you’re gone

● Covering end-of-life expenses

● Paying off debts, including a mortgage

● Funding your children’s education and other life events

● Keep your business operating 

● Leaving money behind for heirs or charities

With these goals in mind, talk to an agent about the most efficient NH life insurance plan (or combination of plans) to dovetail your life. There are usually a number of options to make life insurance work the way you need it to – today AND throughout your life.

Short-term Disability Insurance
What Is Short-term Disability Insurance?
STD is a type of disability insurance coverage that can help you remain financially stable should you become injured or ill and cannot work. Usually, STD coverage begins within one to 15 days of the event causing your disability. The coverage allows you to continue to receive pay at a fixed weekly amount or a set percentage of your income. STD typically lasts for about 10 to 26 weeks, although this varies by policy. When this STD coverage ends, long-term disability (LTD) coverage typically takes effect.

Long-term Disability Insurance
LTD is a type of disability insurance coverage that pays employees a set percentage of their regular income after a specified waiting period. For example, if a worker is covered under short-term disability (STD) insurance as well, the LTD insurance would kick in once the STD policy is exhausted, typically after three to six months.
LTD insurance protects workers in the event they become disabled for a prolonged period prior to retirement. LTD policies are often offered through employers as part of a standard benefits package. The length of LTD plans varies; some may be limited to a period between two and 10 years, while other plans continue paying out until age 65.