Life insurance is a vehicle for protecting your beneficiaries. It is a contract between an individual and an insurance company. The contract is called a policy and is purchased to insure the life of a person. The policy owner pays a single premium or periodic premiums to the insurance company for this policy.
Upon the death of the insured, the insurance company pays a death benefit to the named beneficiaries. Proceeds from a life insurance policy are generally free from federal income taxes.
Life insurance is purchased for many reasons, including estate preservation, replacing lost income and eliminating debts.
There are generally two types of life insurance – term and permanent. Term insurance is purchased for a specific period of time, while permanent insurance covers an individual until their death.
Long Term Care Insurance generally covers expenses such as nursing home care, home care, assisted living, adult day care, respite care and hospice care. Purchasing long term care insurance can be an effective way to protect against the often devastating costs of long term care.
Insurance guarantees are based on the claims paying ability of the issuing company.
Call one of our financial consultants or 808-356-5199 to learn more about life insurance and long term care insurance.
The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Securities are offered through LPL Financial (LPL), a registered broker-dealer (member FINRA / SIPC). Insurance products are offered through LPL or its licensed affiliates. Territorial Savings Bank and Investment Services at Territorial Savings Bank are not registered as a broker-dealer. Registered representatives of LPL offer products and services using Investment Services at Territorial Savings Bank, and may also be employees of Territorial Savings Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Territorial Savings Bank and Investment Services at Territorial Savings Bank. Securities and insurance offered through LPL or its affiliates are:
|NOT INSURED BY FDIC OR ANY OTHER GOVERNMENT AGENCY | NOT BANK GUARANTEED | NOT BANK DEPOSITS OR OBLIGATIONS | MAY LOSE VALUE|