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Insurance for you and your loved ones

LPR Financial provides a diverse range of insurance solutions designed to safeguard your loved ones. Whether you're considering an individual life insurance policy, disability income insurance, or group benefits offered by your employer, our comprehensive suite of insurance solutions is here to empower you in offering unwavering protection and security for your family's future.

Family at the Park

Term Insurance

Term insurance is a type of life insurance that provides coverage for a specific period, typically 10, 20, or 30 years. If the insured person passes away during the policy term, the beneficiaries receive a death benefit. However, once the term expires, the coverage ends, and there is no cash value or investment component. Term insurance is often chosen for its affordability and straightforward protection, making it a popular choice for those looking to provide financial security for their loved ones during a specific period, such as while paying off a mortgage or while children are young.

Family Fishing

Whole Life Insurance

Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured individual, as long as premiums are paid. Unlike term insurance, which only covers a specific period, whole life insurance accumulates cash value over time, which can be withdrawn or borrowed against while the policy is active. Whole life insurance typically has higher premiums compared to term insurance, but it offers lifelong coverage, a guaranteed death benefit, and a cash value component that grows over time. This cash value can be a source of savings and can be used for various financial needs, such as paying premiums or supplementing retirement income. Whole life insurance provides both insurance protection and a savings or investment element, making it a comprehensive financial tool for long-term planning.

Family Picnic

Universal Insurance

Universal life insurance is a flexible type of permanent life insurance that offers both a death benefit and a cash value component. Policyholders can adjust the premium payments and death benefit over time, allowing for customization to fit changing financial needs. A portion of the premium payments goes into a cash value account, which can grow over time at either a fixed or variable interest rate. This cash value can be used to pay premiums, take out loans, or make partial withdrawals, providing a level of financial flexibility. Universal life insurance offers lifelong coverage and is often chosen for its adaptability and potential for cash value accumulation.

Young and Old Hands

Disability Insurance

Disability insurance, also known as disability income insurance or DI, is a type of coverage that provides financial protection to individuals who are unable to work due to a disability or illness. This insurance is designed to replace a portion of the insured person's income if they become disabled and are unable to earn a living.

Long-Term Disability Insurance:

Long-term disability insurance provides coverage for an extended duration, often until retirement age, if necessary. It is designed to replace a portion of the insured person's income if they suffer a severe and long-lasting disability that prevents them from working in their occupation.

Disability insurance can be essential for protecting your income and financial stability in the event of a disability, as it ensures you have a source of income to cover living expenses and medical bills during such challenging times. It is particularly important for individuals who rely on their ability to work to support themselves and their families.

Image by Sven Mieke

Long Term Care Insurance

Long-term care insurance is a specialized insurance policy that helps cover the costs associated with long-term care services, such as assistance with activities of daily living (ADLs), nursing home care, assisted living, or in-home care. It offers financial protection, preserving your savings and assets when you require extended care due to chronic illness, disability, or aging. This insurance provides flexibility in choosing care settings and can be a valuable tool in ensuring you receive quality care without depleting your financial resources.

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Critical Illness Insurance

Critical illness insurance is a type of insurance policy that provides a lump-sum payment if you are diagnosed with a severe medical condition specified in the policy, such as cancer, heart disease, stroke, or organ failure. This payment is typically made directly to you and can be used to cover medical expenses, replace lost income, or address other financial needs during your recovery. Critical illness insurance is designed to ease the financial burden associated with serious illnesses, allowing you to focus on your health and well-being without worrying about the financial impact of the diagnosis.

Start planning for tomorrow today.

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