About Glenn Mercer & Associates

Individual Life

Life insurance is an agreement that guarantees the payment of a stated amount of money upon the death of the insured or under other circumstances specified in the policy. Life insurance helps protect your beneficiaries against severe financial hardship, particularly in the event of premature death. The amount of life insurance an individual may require varies throughout a lifetime.

There are several forms of life insurance including term insurance, universal life insurance, variable life insurance and whole life insurance. Universal life, variable universal life and whole life are permanent insurance policies. Term life provides coverage for a specific period of time.

Term Life

Term life is life insurance under which the benefit is payable only if the insured dies during a specified period of time. No benefit is payable if the insured survives to the end of the term. Typically, term insurance does not have cash value.

Universal Life

Universal life insurance is a cash value life insurance policy where the premiums are flexible and the death benefit is adjustable. The cash value depends on the amount of premiums paid, current interest rates and insurance charges. Guaranteed interest rates are usually backed by the claims-paying ability of the issuer.

Variable Universal Life

Variable universal life combines premium payment flexibility and death benefit protection of life insurance with a host of tax-advantaged investment opportunities. Cash values will vary depending on the investment experience of investment options in the separate account and are not guaranteed. Investment options cover a broad spectrum of investment objectives and risk levels.

For a quotation or to apply for individual medical coverage, please visit the page "Contact Us".