Founded in 2009, Symmetry Financial Group (SFG) is on a mission to ensure that people have the insurance coverage they need to keep living life in the event of the unthinkable. Through state licensed, independent brokers and a wide variety of options, we make it easy to choose from dozens of the country’s top insurers to find the best plans for our clients and their families, with services available far beyond typical life insurance coverage.
In fact, SFG provides several major types of coverage to meet our clients’ unique needs and address any challenges they may face in the future.
Mortgage Protection
Housing is among our most basic needs – and ensuring that we can always pay our monthly mortgage is crucial to ensuring that our families will have a place to sleep at night for years to come.
In the event that you or your family’s primary wage earner were to suddenly lose the ability to bring home the money that pays for that mortgage – due to death, disability, or other critical illness – mortgage protection insurance ensures that you or your family will still be able to make monthly mortgage payments and stay in your home.
Death and disability are tragic, stressful, and emotionally taxing experiences. There’s no reason to add financial hardship, potentially having to sell the family home, or the need to downsize to this experience. Mortgage protection insurance is an easy way to get peace of mind in the event of the unfathomable.
Like other life insurance policies, mortgage protection insurance premiums are based on your age, your health, the assessed value of your home, and how much of your mortgage has already been paid for. Furthermore, some policies provide families with return-of-premium: the ability to get a refund for the premiums you paid at the end of the policy term in the event that you don’t need to use it. As such, there’s practically no reason not to choose mortgage protection insurance from Symmetry Financial Group.
Final Expense Insurance
Final expenses are the costs families face after a loved one has passed away. These expenses can include memorial or funeral services, burial, cremation, outlying medical costs, and more. Though few think about these costs before the time comes, they can be quite expensive- an average funeral alone can cost around $9,000, excluding final medical expenses – and this can be a significant debt for surviving family members to take on.
If you haven’t set aside a sum of money to cover funeral services, final expense insurance is another great way to avoid the build-up of additional debt and unplanned costs for grieving families, giving them the emotional and financial freedom to mourn and heal, without the financial burden that would come with an unexpected passing.
In practice, final expense coverage is life insurance purchased for a face value amount, with a periodic premium paid to keep the policy active. Upon one’s death, the insurer pays benefits to the named beneficiaries. This premium does not increase with age, grows tax-deferred over time within the policy, and is highly affordable. The insured may also not need to undergo any physical examination to determine whether they qualify. Contact your Symmetry Financial Group representative to learn more.
Term Life Insurance
Term life insurance is a form of insurance coverage where in the event of your death or disability, your insurer provides benefits to your named beneficiaries for a specific time period – hence why it is called “term life.”
More than anything else, term life insurance is designed to help bring financial relief to your loved ones in the event of your death. It provides cash benefits that your family can use to cover any ongoing expenses, including your children’s tuition or other educational fees, the remainder of the mortgage on your home, and even funeral costs.
To qualify for term life insurance, you simply need to apply for coverage and pay a premium on a yearly, quarterly, or monthly basis to stay covered. This coverage is extremely flexible and can be adjusted if needed to suit your specific needs. You can also convert your term life policy to a permanent life insurance policy or use it to supplement life insurance coverage that your employer provides. Furthermore, some policies include a return of premium option, which can reimburse you for premiums in the event that your policy goes unused.
If you’re generally healthy, you will likely qualify for coverage, and the younger you are, the more affordable your premiums will be. Contact your SFG representative today to find out about the many different term life insurance options available to you.
Universal Life Insurance
Universal life insurance is an affordable, permanent life insurance policy. With flexible premiums and cash value savings, it can be used by your family to pay any expenses in the event of your death or illness, as well as to supplement your family’s income.
This is seen as an extremely flexible policy, as your premiums and death benefits can be adjusted as-needed, and it also allows you to set money aside so that it can grow tax-deferred within the policy. You can pay a higher premium to increase the cash value of your premium when you’re able to or you can reduce your premium if needed.
There are many different reasons to consider purchasing universal life insurance, including ensuring that your family will be able to pay your final expenses, cover any debts you may have, and continue to live the way that you provided for them.
Like other forms of life insurance, you will need to apply for coverage and pay premiums to keep your policy active. Contact your Symmetry Financial Group agent to learn more and find a policy that’s right for you and your family today.
Disability Insurance
Your ability to work and earn wages is an asset – and injury or illness can have a serious impact on your ability to provide for yourself or your family.
Disability insurance is designed to step in if you suddenly become unable to work – it’s essentially a form of paycheck protection. Provided you suddenly lose the ability to work, disability insurance gives you the power to protect your family, your home, and other assets in the event of illness or injury.
If you or your family relies on your income to pay bills, rent, or a mortgage payment, you may need more than just Social Security Disability to get by, and you may quickly discover just how hard it is to even qualify for government disability benefits. On the other hand, disability insurance as provided by an insurer typically defines disability as being unable to do your “own occupation” as opposed to “any occupation,” making it easier to prove disability and collect payments when needed.
Though many people have disability insurance through employers, disability coverage ensures that you’ll stay protected no matter what happens with your work and keeps you from needing to rely on Social Security Disability. The sooner you enroll in your policy, the lower your premiums will likely be.
Critical Illness Insurance
A heart attack, cancer, or another health crisis can have a serious impact on you and your family’s finances and emotions, especially if you’re a primary wage earner. The combination of a loss of income and medical expenses piling up can be devastating – and critical illness insurance can make it much easier for you and your family to focus on your recovery by covering your expenses or eliminating your financial strain altogether.
Approximately 137.1 million adults reported any medical financial hardship in the past year, and these expenses are the predominant cause of bankruptcy. To make matters worse, many people have high deductibles attached to their health insurance policies, meaning that they face huge expenses before they receive any support from their insurer at all, and there may still be co-insurance fees on top of those expenses as well.
With critical illness insurance, you and your family receive a lump sum benefit, which you can use to not just pay for your day-to-day living expenses, but also cover the cost of potential experimental treatments or healthcare provided in other countries, where procedures may be more affordable.
A critical illness insurance policy can range in payout from $10,000 to as much as $1 million, covering select diseases or other health issues. You typically receive your payout in a single, tax-free lump sum in the event that you fall ill with a covered condition.
Like many policies, the sooner you enroll and the younger and healthier you are, the more affordable your premiums will be.
Retirement Protection
45% of Americans have no retirement savings, and far more have vastly insufficient savings to maintain their lifestyle after they stop working.
No matter what age you are, you should be considering what your retirement is going to look like and what your options could be. A number of products offered by Symmetry Financial Group, including indexed universal life policies (IULs) and annuities, can provide you and your family with financial safety in the years or decades to come.
Annuities are insurance products. As an annuity holder, you can use your annuities to accumulate savings by making ongoing deposits, then turn this into a regular source of income when you’re ready to draw on it. Annuities grow tax-deferred, making this a great way to save for retirement.
Indexed universal life policies provide permanent life insurance through both insurance and cash value savings, allowing you to reap the benefits of both life insurance and investing in the market in a low-risk, steadily growing way at the same time.
These products are an excellent supplement to Social Security payments or pensions, and this paycheck can help you travel, cover the costs of living, and provide for your family – in fact, they can be used for whatever you want to spend them on!
Almost everyone qualifies for retirement protection, and the sooner you purchase an annuity, the longer it has to grow, making it a great choice at any age. Your Symmetry agent can walk you through this process and help you choose from one of many excellent options available.
SmartStart
We all want our children to have the best chance to succeed in every stage of life. That’s why SFG offers SmartStart plans – an opportunity to save for college, a down payment, and even retirement while providing life insurance coverage.
A SmartStart policy consists of money set aside at a regular period – quarterly, monthly, or annually – and can be used at any point in your child’s life to cover any necessary expenses. A portion of your premium payment goes toward paying the cost of life insurance, and the balance accumulates within the policy’s cash value, which grows tax-free over time.
Furthermore, your policy will likely accrue greater value than it would if placed in a bank or via another financial instrument, and you can choose from a number of different indices without risk of loss, allowing you to grow your investment without potentially experiencing the downside.
SmartStart policies are extremely affordable for healthy children, and the earlier you start, the more affordable this policy is. There’s no guarantee of exactly how much your SmartStart account will be worth when your child decides to withdraw funds, but it is likely to place them at a significant advantage when they’re ready to make the most of it.
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