Life & Annuities
Final expense or burial insurance is designed to cover your bills after you pass away. These may be medical bills and funeral expenses. Social Security pays a lump sum of $255 to a surviving spouse or child. That is a very low amount especially since an average funeral cost is around $9,000. Chicago Healthcare LLC works with many companies which offer products that will take care of these expenses and leave your family without a burden. We offer products that even take certain
medical conditions. Contact one of our agents and get a free Final Expense consultation.
Final Expense insurance companies that are partnered with Chicago Healthcare LLC:
American General American Continental Insurance
Gerber Life Baltimore Life
Great Western Cigna
Kemper Senior Solutions Equitable
Foresters Oxford Life
Phoenix Life Settlers Life Insurance Co.
Transamerica Life United Home Life
United of Omaha Occidental Life
Term life insurance is designed to save consumers money on premiums. Normally the most economical life insurance choice. Term life is a fixed premium for a designated time frame. Insurance companies give consumers the choice of 10, 15, 20, 25, 30 years of coverage. This means you will be covered for a chosen period and your beneficiary receives the established face amount upon death. Chicago Healthcare LLC has partnered with many great insurance carriers and some of them offer Term life with living benefits. This means you choose the term and face amount for coverage, together with a living benefits rider that pays you a percentage of the face amount upon diagnosis of a critical or chronic illness. For example if you have a $100,000 term life
policy for 30 years, and you receive a stage 4 cancer diagnosis the insurance company will pay a lump sum of $90,000 that can be used for anything you need. Contact one of our agents and get a free Term Life Insurance consultation.
Term Life Insurance companies that are partnered with Chicago
American General American National
Americo Financial Life Ameritas
Assurity Life Baltimore Life
Banner Life Brighthouse
Global Atlantic Co. John Hancock
Life of the Southwest Lincoln Financial
Minnesota Life National Life Group
Nationwide North American
Protective Life Prudential Financial
Sagicor Transamerica Life
United Home Life United of Omaha
Whole life insurance is a life policy that is permanent until death and accumulates cash value. This is a more expensive option because of the cash accumulation and doesn’t have a specific term of expiring. Compared to an IUL the cash value in a whole life insurance policy increases from dividends rather than the stock market. The death benefit does not increase, the cash value grows until the policy is paid up (the cash value equals the death benefit). One of the great benefits of whole life is you are able to take non-taxable loans from the policy. Contact Chicago Healthcare LLC for a free consultation with a knowledgeable life insurance agent.
Whole Life Insurance companies that are partnered with Chicago
American National Assurity Life
Baltimore Life Brighthouse
Life of the Southwest Minnesota Life
National Life Group Nationwide
Sagicor Unite Home Life
United of Omaha
The life insurance sector is heavily marketed to consumers, and it is a very daunting task when it comes to choosing the right plan for you and your family. It is very important to understand the products offered and how they pay out, and more importantly how reliable the insurance company is. Chicago Healthcare LLC has agents ready to educate you in all aspects of life insurance, therefore you are ready to make a decision that will protect you and your family.
Chicago Healthcare LLC is a leading expert in Life Insurance & Annuities. We provide our customers the highest rated products on the market. Extensive work by our chief officers ensure that we have the best carriers on the market to offer our clients. With a multitude of partnerships we are able to offer these products at a reasonable price.
Life & Annuities are resources that help protect you and your family. Making an educated decision as far as what kind of coverage to get is very important. People often ask the question, what does life insurance cost? With an array of products the question cannot be answered without a proper evaluation. Life insurance varies based on health, age, weight, and the risk to the insurance companies. The products vary in price as well for example term life is coverage for a period of time and does not accumulate cash, therefore the monthly premium is low. See below the different types of Life & Annuity products offered by Chicago Healthcare LLC.
Indexed Universal Life
Indexed Universal Life or IUL Is a flexible policy that protects you until your death and accumulates cash value over time tied to investments. Clients are protected from market downsides and get rewarded for stock market upside. Chicago Healthcare LLC through its partnerships is able to offer very good products and return on investments. IUL is a great product to use for retirement planning or saving money for college. With the cash value accumulation through the stock market you can get great returns while having a rich life insurance policy. For example Transamerica Life Insurance Co. offers an IUL through their Global Index Account with an average weighted index of 8.66% in the
last 20 years. This means if a 30 year old gets a $100,000 policy with a $175 premium by the age of 65 will have $230,000 cash accumulated and a death benefit of $330,000. These numbers are just an example, but show the power of the product. For a more comprehensive analysis and free consultation contact one of our agents or request a quote.
Indexed Universal Life Insurance companies that are partnered with Chicago Healthcare LLC: American General American National
Allianz John Hancock
Lincoln Financial LSW / NLG
Minnesota Life Nationwide
North American Protective Life
Guaranteed Universal Life
Guaranteed Universal life or GUL is a life insurance policy that will last your lifetime and will not increase in rate as you age. This is a great alternative to term life insurance because it is designed to last a lifetime. GUL however does not accumulate cash value and is an option for consumers who just want to leave money behind for their beneficiaries after they pass away. Talk to a Chicago Healthcare LLC life specialist and receive a free life insurance consultation. Guaranteed Universal Life Insurance companies that are partnered with Chicago Healthcare LLC:
American General American National
Americo Assurity Life
Banner Life Brighthouse
Foresters Global Atlantic Co.
John Hancock Lincoln Financial
Nationwide North American
Protective Life Prudential
Sagicor United of Omaha
What is an annuity?
An annuity is a financial product designed for retirement. It was created to secure your income when you retire, the hard earned money placed in an annuity pays out a steady income and protects from market vitality. This product is sold and maintained by financial institutions that collect money, invest for you, and when the product annuitizes you get a steady stream of income. An annuity can be compared to a pension or social security, because they work the same way. You put money in and in turn receive steady income upon retiring. With the ever growing market there are a number of annuities and different ways of funding them. Most common is paying a lump sum and securing the money for a number of years, therefore creating an income. You can also pay in for a number of years until annuitization phase is complete (annuity is paid up). The different types of annuities; Fixed Annuity, Fixed Index Annuity, Single Premium Immediate Annuity, and Deferred Income Annuity. Chicago Healthcare LLC has partnered with a tremendous amount of life & annuity companies giving us a portfolio designed to assist you in securing your finances for retirement. Contact a retirement specialist at our agency and receive a free consultation today.
Annuity companies that are partnered with Chicago Healthcare LLC:
Allianz American Equity American General
American National Americo Athene
Equitable EquiTrust Life Fidelity & Guaranty
GILICO Global Atlantic Great American
Guggenheim Life Integrity Ameritas
Life of the Southwest Lincoln National
National Western North American
Oxford Life Phoenix
Protective Life Reliance Standard
Royal Neighbors Sagicor
Sentinel United of Omaha