Secure Your Family's Future Today
A life insurance plan for tomorrow's
security begins with today's decisions.
Our Mission
At Independence Capital Group LLC, we are dedicated to providing peace of mind by offering comprehensive life insurance coverage tailored to your unique needs.
Coverage
Crafting Extraordinary Events Tailored To Your Unique Vision.
Term Life Insurance
Is a type of policy that provides coverage for a specific period, such as 10, 20, or 30 years. If the insured dies during this term, the policy pays a death benefit to beneficiaries. It's straightforward and affordable, with no investment components or cash value accumulation. Premiums are usually fixed, and some policies can be renewed or converted into permanent insurance without a medical exam. This makes term life insurance a good choice for those needing temporary financial protection for obligations like mortgages or tuition.
Whole Life Insurance
Is a type of permanent life insurance that offers lifelong coverage with fixed premiums. Key features include a guaranteed death benefit, a cash value component that grows over time, and potential dividends. This cash value can be borrowed against or withdrawn. Due to these benefits, whole life insurance is more expensive than term insurance but provides both protection and a savings opportunity, making it suitable for those seeking long-term financial planning and insurance coverage.
Universal Life Insurance
Is a type of permanent life insurance that features flexible premiums and adjustable death benefits, along with a cash value component that grows based on interest rates. It offers:
Flexibility: Ability to adjust premiums and coverage levels based on changing financial situations.
Cash Value: Premiums contribute to a cash value account, which earns interest and can fluctuate with market conditions.
Withdrawals and Loans: Options to withdraw or borrow against the cash value, although this may reduce the death benefit.
This insurance is suited for those who want flexibility and expect their financial needs to change, but it requires careful management to maintain coverage and benefits.
Annuities
Annuities are financial products that provide a stream of payments in exchange for an initial investment, typically used for retirement income. They come in several forms:
Fixed Annuities: Offer guaranteed returns.
Variable Annuities: Returns depend on the performance of invested securities.
Indexed Annuities: Returns are tied to a market index but have minimum guarantees.
Annuities have two phases: accumulation (where you pay in) and distribution (where you receive payments). Payments can be for a fixed period, for life, or until the death of a spouse. Benefits include steady income and tax deferral on earnings, but annuities may also have high fees and early withdrawal penalties. They are best suited for those looking for reliable retirement income but require careful consideration of their terms and costs.
Testimonials
Jennifer Cordova
"I recently purchased a life insurance policy from Independence Capital Group and was thoroughly impressed by their customer service. The agent took the time to explain all the details and helped me choose the right policy without any pressure. They made the process simple and straightforward. Highly recommend Independence Capital Group for their professionalism and customer care!"
Brittney Wyatt
"Independence Capital Group has been a game changer for my family. Knowing that we are covered with a policy that suits our needs gives us great peace of mind. The staff are always helpful and informative, answering all our questions and updating us about the best options as our needs change. It's comforting to work with a company that values integrity and transparency."
Adam Jackson
"Choosing Independence Capital Group for our life insurance needs was the best decision we could have made. The premiums are affordable, and the coverage is extensive. When we had a query about our policy, the support team was responsive and very knowledgeable, resolving our issue quickly. It's rare to see such dedication to customer satisfaction!"
Frequently Asked Questions
Common Questions Answered For Your Convenience.
What types of events do you specialize in?
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Do you offer customizable event packages?
Life insurance is typically purchased by anyone who has dependents or financial responsibilities. It can help provide for the financial needs of your family in the event of your untimely death, pay off debts and mortgages, finance future needs like education, and even serve as a financial resource for your family.
3. What are the different types of life insurance?
The two main types of life insurance are term life insurance and whole life insurance. Term life insurance provides coverage for a specific period of time and pays out only if the insured dies during that term. Whole life insurance, also known as permanent life insurance, remains in effect for the insured's entire life and includes a savings component that builds cash value.
4. How much life insurance do I need?
The amount of life insurance you need depends on your personal and financial circumstances. A general guideline is to have a policy that covers 5 to 10 times your annual salary. However, you should consider your current debts, future obligations (like college tuition), and daily living expenses when calculating the coverage you need.
5. What factors affect life insurance premiums?
Factors that can affect the cost of life insurance premiums include the age, health, life expectancy, occupation, and hobbies of the insured. Younger, healthier individuals generally receive lower premium rates. Risky occupations or hobbies can increase premiums.
7. What happens if I miss a premium payment?
Most life insurance policies have a grace period, typically 30 days, during which you can pay the premium without losing coverage. If the premium is not paid by the end of the grace period, the policy may lapse, and you could lose your coverage.