Ensure your loved ones are protected with life insurance plans that provide financial security in times of need. With flexible options and reliable coverage, you can have peace of mind knowing they’re taken care of.
At Ocean Trust, we provide comprehensive life insurance solutions designed to secure the financial future of your loved ones and give you peace of mind. From covering unexpected expenses to ensuring long-term stability, our coverage helps you prepare for life’s uncertainties. With our dedicated team and personalized plans, you can trust us to guide you through the process while focusing on what matters most. Choose us for dependable protection, competitive rates, and exceptional service.
Affordable premiums, temporary coverage, no cash value.
Lifetime coverage, guaranteed death benefit, builds cash value, fixed premiums.
Flexible premiums and death benefits, cash value accumulation based on interest rates.
Smaller coverage, designed to cover funeral expenses, simplified underwriting.
Usually cheaper, provided by an employer or organization, limited coverage.
Flexible premiums, potential for higher returns (with investment risk), cash value tied to investments.
Coverage: Provides coverage for a specified period, such as 10, 20, or 30 years. If the policyholder dies during this term, the beneficiary receives the death benefit.
Key Features:
Lower premiums compared to permanent life insurance.
Does not build cash value.
No benefit if the policyholder outlives the term.
Ideal for temporary needs, like covering a mortgage or children’s education.
Coverage: Provides coverage for the policyholder’s entire life as long as premiums are paid. It also includes a death benefit.
Key Features:
Guaranteed death benefit.
Builds cash value over time, which grows on a tax-deferred basis.
Premiums remain level throughout the life of the policy.
Offers potential dividends (in some cases) that can be used to reduce premiums or increase the death benefit.
Coverage: A type of permanent life insurance that offers more flexibility than whole life. It covers the policyholder for their lifetime, but allows for adjustments to the premium payments and death benefit.
Key Features:
Flexible premiums and death benefits.
Cash value accumulation that can be invested in various options, depending on the policyholder’s risk tolerance.
Interest on the cash value is credited at a rate determined by the insurer (usually based on market performance).
Offers potential for higher returns, but also comes with more risk than whole life insurance.
Coverage: Similar to universal life insurance, but with more investment options for the cash value portion of the policy. The death benefit and cash value can fluctuate based on the performance of investments chosen by the policyholder (e.g., stocks, bonds, mutual funds).
Key Features:
Flexible premiums and death benefits.
Cash value can be invested in various separate accounts, providing the potential for higher returns (but also greater risk).
Death benefit is typically guaranteed to a minimum level but may increase depending on the performance of investments.
Suitable for policyholders who want more control over how their premiums are invested.
Coverage: Typically provided by employers or other organizations, offering coverage to employees or members as part of a group plan.
Key Features:
Usually lower cost or employer-subsidized.
Coverage is often limited to a certain amount, such as one or two times the employee’s salary.
May be convertible to an individual policy if the policyholder leaves the employer, but may require higher premiums.
Coverage: Pays a benefit if the policyholder dies or is seriously injured (e.g., loss of limb or sight) due to an accident.
Key Features:
Provides a lump sum if death occurs due to an accident.
May also offer partial benefits if the policyholder suffers dismemberment (e.g., loss of a limb or sight).
Often an add-on to a life insurance policy or a standalone policy.
*AD&D: Coverage only for accidental death or serious injury, often an add-on.
The right type of life insurance depends on your financial goals, the amount of coverage you need, your budget, and whether you want flexible premiums or long-term coverage with the potential to accumulate cash value.
809 N Homestead Blvd, Homestead
+1 866-356-2326
info@oceantrustinsurance.com
Start your journey to peace of mind with a personalized insurance quote. Share your details, and our dedicated team will provide you with a no-obligation, free estimate tailored to your needs. Let us help you protect what matters most.
