The best question to ask yourself is “Do I have anyone dependent on my income to sustain their standard of living?” In other words, when you pass away, would those dependent on your income have the ability to pay for rent or mortgage payments and other bills? What other financial obligations would they need help with? If the money you have set aside is more than what they need, you might not need life insurance. If you do not have enough set aside currently, then you should consider what life insurance options work best for you and your needs.

Term life insurance is the simplest form of life insurance. It provides a death benefit for the insured for a specific period of time. (the "term"), such as 10, 15 or 20-30 years. Term life insurance is a great option for individuals needing the most cost effective way to get the most amount of coverage. Term is also frequently used for mortgage protection coverage.

Generally, Term Life Insurance does not build cash value. There are specific term policies offered by carriers that may have a return of premium option. These are best for typically younger clients looking to have the death benefit protection but also have the ability to get their money back if they outlive the initial term.

Permanent life insurance is designed to provide protection for the entire life of the insured person, as long as the premiums are paid. There are many different versions and variations of permanent insurance. At Blue Wave Financial, we offer both whole life and universal life insurance policies.

While we believe it is best to start as young as possible, we offer policies up to age 89.

Absolutely. We offer many policy options for children. Premiums will be less the younger you are and life insurance is a great gift to the younger generation in your family. In many cases, you can lock in low childhood rates that never increase and guarantee coverage throughout adulthood regardless of future health or occupation.

Payroll optimization is a cost containment strategy that helps business owners boost their profits and EBITA with no-net cost solutions designed to enhance current employee benefit offerings.