Blue Ocean Financial Services, Incorporated
Blue Ocean Financial Services, Incorporated
1340 N Us Highway 1
Jupiter, FL 33469
Phone:561-747-3553
Term life is an inexpensive alternative when purchasing life insurance. The contract between the insurance company and the insured is based on a specific period, for example a 20 or 30-year period. The annual premium is guaranteed to remain the same for the period you select and coverage is inforce until the period expires. This type of life insurance does not build any equity and has no value at the end of the contract.
Cash value life insurance, the other alternative, is usually designed to provide insurance for life and build equity, which can be accessed in the future for supplemental retirement income. There are many variations of this type of life insurance and Blue Ocean Financial tailors each policy specifically to meet our client's needs. This insurance is more costly then term insurance, but it can provide permanent life insurance and a cash value.
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