Mc Lain Pierce & Association
Mc Lain Pierce & Association
720 S Park Ave
Sanford, FL 32771
Phone:407-323-8142
Life Insurance
Term Life Insurance Welcome to Florida's Insurance Network!
Term life insurance is the least expensive type of policy. It is insurance with no cash value. A term life policy has only one function to pay a specific lump sum upon your death. Level term plans are available with level premiums for up to 30 years.
Permanent Life Insurance
This type of coverage is designed to last for a longer period of time than a term policy. It can be the policy that you'll keep for the rest of your life. Since it has a cash equity account and the funds grow tax deferred in the policy, it can be used as a retirement supplement. Permanent life insurance includes whole life insurance and universal life insurance.
Key Person / Buy Sell Life Insurance
Key person insurance insures against loss of a key executive or business partner. It can also be used to purchase the business interest of a partner or shareholder. If you are a business purchasing life insurance for key person needs, then the cash equity can help a future stock buy back.
Business Succession & Continuation Insurance
Business Succession and Continuation Insurance is a special use of life insurance and disability insurance which protects your company from financial loss caused by the death or long-term disability of a key employee.
Second-To-Die Life Insurance
This form of insurance is used as an estate-planning tool that pays a death benefit only upon the death of the insured that survives the longest. Second to die life insurance main purpose is to pay estate taxes upon the death of the second insured.
Copyright © 2006 by McLain, Pierce & Associates
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