Life Insurance

Term insurance is a type of life insurance that offers coverage for a specific period, typically ranging from 10 to 30 years. This coverage is designed to provide a financial safety net for your loved ones in the event of your untimely death during the policy’s term. Term insurance is often more affordable than whole life insurance, making it an attractive option for individuals looking to secure their family’s financial future without the added investment and savings components.

Middle Creek Insurance excels at assisting individuals in obtaining the right term insurance policy for their unique needs. Their team of knowledgeable agents works closely with clients to evaluate their financial goals, family circumstances, and budget constraints. By tailoring term insurance policies, Middle Creek Insurance ensures that you receive coverage that aligns with your specific objectives and provides the peace of mind that your loved ones will be financially protected during the policy’s term. Whether you need a 10-year or a 30-year term, Middle Creek Insurance is here to guide you through the process, making it easier to make an informed decision about securing your family’s future.

  Key person insurance, often referred to as key man or key employee insurance, is a specialized type of life insurance that a business purchases to protect itself in the event of the unexpected death or disability of a crucial employee. This policy serves as a financial safety net for the company, providing funds that can be used to mitigate the financial impact of losing a key individual, such as a founder, key executive, or top-performing employee. In the event of their death or incapacity, key person insurance helps cover costs like recruiting and training replacement personnel, maintaining business operations, or compensating for lost revenue during the transition period.

Life insurance backed buy-sell agreements help ensure stable ownership continues even is one business owner passes away. A buy-sell agreement is a contract created by the business owners to help ensure that if one of the members passes away – or becomes disabled or retires – that person’s ownership interest will be sold to the remaining partners. A requirement to carry life insurance or disability insurance (that benefits each other or the business) may be required so that the policy proceeds would be available to pay for the deceased or disabled member’s ownership interest.