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Frequently Asked Questions
What is accidental death insurance?
Extra protection for life’s unexpected moments.
Accidental Death Insurance (also known as AD&D – Accidental Death & Dismemberment) provides a cash benefit if you die or are seriously injured as the result of a covered accident.
It’s a simple, affordable way to give your loved ones added financial security — especially if you work in a high-risk job, travel often, or just want extra peace of mind.
What does it cover?
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Accidental death — A benefit is paid to your beneficiaries if you pass away due to a covered accident (like a car crash or fall).
- No health questions — Many policies offer instant coverage with no medical exams.
Key benefits of accidental death insurance:
- Affordable premiums: Usually lower than traditional life insurance.
- Fast approval: Often no health screening or waiting period.
- Additional coverage: Great as a supplement to your existing life insurance.
- Pays directly to your loved ones: Tax-free and flexible — they can use it for anything.
Why consider it?
If an unexpected accident happens, this coverage helps your family stay financially protected — giving them one less thing to worry about.
Because accidents happen — and your family deserves protection.
What is whole life insurance?
Lifetime protection with guaranteed benefits.
Whole Life Insurance is a type of permanent life insurance that provides coverage for your entire life, not just a set term. It also builds guaranteed cash value over time, offering long-term financial security for you and your loved ones.
As long as premiums are paid, your policy stays active for life, and your beneficiaries will receive a tax-free death benefit whenever you pass away.
Key features of whole life insurance:
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Lifelong coverage: You’re protected for life, not just a limited number of years.
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Guaranteed cash value: Your policy builds cash value that grows over time and can be accessed through loans or withdrawals.
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Level premiums: Your payments stay the same for life — no surprises.
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Dividends: Some whole life policies may pay annual dividends (not guaranteed), which you can use to grow your policy even more.
Why choose whole life?
It’s ideal for those who want guaranteed protection, predictable growth, and a way to leave behind a financial legacy. It also offers a safety net you can tap into during your lifetime if needed.
Stability. Security. Simplicity for life.
What is term life insurance?
Simple. Affordable. Reliable protection.
Term Life Insurance is one of the most straightforward and affordable ways to protect your loved ones financially. It provides life insurance coverage for a specific period of time, or “term” such as 10, 20, 25, or 30 years.
If you pass away during that term, your beneficiaries receive a tax-free death benefit they can use for anything: mortgage payments, daily living expenses, college tuition, or simply maintaining their lifestyle.
Key features of term life insurance:
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Affordable premiums: Get high coverage amounts for a lower cost compared to permanent life insurance.
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Flexible terms: Choose a coverage period that matches your needs, like while raising a family or paying off a home.
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Pure protection: No cash value, just straightforward life insurance designed to provide peace of mind.
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Convertibility options: Many policies allow you to convert to permanent coverage later on — no medical exam required.
Why choose term life?
It’s a great option if you’re looking for budget-friendly life insurance that offers strong protection during the years your family may need it most.
Protect the ones that matter most, for less than you might think.
What Is Index Universal Life (IUL) Insurance?
Index Universal Life (IUL) Insurance is a unique type of permanent life insurance that offers flexible protection and the potential to build cash value over time, all tied to the performance of a stock market index, like the S&P 500.
It’s more than just life insurance. It’s a smart financial tool that helps you protect your loved ones and plan for the future.
Key benefits of IUL:
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Lifetime Coverage: As long as premiums are paid, your policy stays in force for life.
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Cash Value Growth: Part of your premium goes into a cash value account, which can grow based on the performance of a selected market index, without being directly invested in the market.
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Downside Protection: Your cash value won’t lose money due to market downturns. Most IULs offer a floor, so you’re protected during tough years.
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Tax-Advantaged Access: You can borrow against your cash value tax-free for things like retirement income, emergencies, or other big expenses.
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Flexible Premiums: Adjust payments and coverage over time to fit your needs.
What is mortgage protection insurance?
Keep your home even when life gets difficult.
Mortgage Protection Insurance (MPI) is a type of life insurance designed specifically to help your loved ones cover your mortgage payments if something unexpected happens to you, such as death, disability, or a serious illness.
With MPI, your home and family stay protected, even during life’s toughest moments. It provides peace of mind knowing your mortgage won’t become a burden if you’re no longer there to pay it.
How does it work?
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If you pass away during the policy term, the insurance pays off your mortgage directly or provides a benefit to your family.
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Some policies may also offer protection in case of critical illness or disability, helping with payments while you recover.
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Coverage is typically affordable and easy to qualify for, with no medical exam in many cases.
Key benefits of mortgage protection:
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Protects your home: Ensures your family can stay in the house if the unexpected happens.
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Pays your lender or beneficiaries: Depending on the policy, benefits go to the lender or directly to your loved ones.
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Fixed payments: Most policies have level premiums and coverage tied to your mortgage balance.
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Simple and fast: Quick approval and peace of mind from day one.
Why consider it?
If your family depends on your income to pay the mortgage, MPI adds an important layer of financial security — giving them one less thing to worry about during difficult times.
Secure your home. Protect your family. Sleep better at night.
What is an annuity?
Turn your savings into guaranteed income.
An annuity is a financial product that helps you grow your money safely and provides the option for steady, reliable income, often for life. It’s commonly used as part of a retirement plan to help ensure you don’t outlive your savings.
Types of annuities we offer include:
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Fixed Annuities – Earn a guaranteed interest rate with no market risk.
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Indexed Annuities – Potential for higher growth based on a market index, with downside protection.
Why consider an annuity?
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Guaranteed income you can’t outlive
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Tax-deferred growth on your savings
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Customizable options to match your retirement goals
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Peace of mind, especially during uncertain markets
Annuities are about financial security, today and tomorrow.
They’re designed to give you confidence that your money will last, so you can enjoy retirement without worrying about running out of income.
Why choose IUL?
IUL is ideal if you’re looking for lifelong protection plus the opportunity to grow money over time, with less risk than directly investing in the stock market. It’s a versatile option for long-term financial planning.
Secure your future and build your legacy.
What is Critical Illness Insurance for Cancer?
Support when it matters most.
A cancer diagnosis can turn your life upside down — emotionally, physically, and financially. Critical Illness Insurance for cancer helps ease the financial stress so you can focus on treatment and recovery.
This coverage provides a lump-sum cash benefit if you’re diagnosed with internal cancer or melanoma. Use the money however you need, from medical expenses and out-of-network specialists to travel for treatment, household bills, or time off work.
What’s covered?
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Major cancers such as breast, lung, colon, prostate, and more
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Coverage typically includes both invasive cancers and early-stage diagnoses
Why it matters
Even with health insurance, cancer care can come with unexpected costs, co-pays, deductibles, experimental treatments, or lost income. Critical Illness Insurance helps bridge the gap.
Fast, flexible support
Once diagnosed, you’ll receive your benefit quickly — no strings attached. Use the funds your way, whether it’s to pay bills, explore new treatments, or just make life a little easier during a tough time.
What is Critical Illness Insurance for Heart Attack, Stroke, and ALS?
Peace of mind when you need it most.
A sudden serious illness can change everything. Critical Illness Insurance is designed to help you manage the financial impact of life-altering diagnoses like heart attack, stroke, or ALS (Amyotrophic Lateral Sclerosis).
This coverage provides a lump-sum cash benefit upon diagnosis, which you can use however you need — whether it’s to cover medical bills, replace lost income, pay for home care, or simply keep up with everyday expenses.
What’s covered?
- Heart Attack: Protection for one of the most common and sudden critical health events.
- Stroke: Financial support for recovery, rehabilitation, and any lifestyle adjustments.
- ALS: Long-term financial assistance for this progressive neurological disease, which often requires extensive care.
Why it matters
Even with health insurance, a serious illness can create unexpected financial burdens. Critical Illness Insurance helps fill the gap — so you can focus on recovery, not bills.
Take the First Step Toward Securing Your Financial Legacy
The Latham Insurance Group isn’t just about preparing for the unexpected — we are about making sure your family is protected, your goals are supported, and your legacy is preserved.
Let’s find the right options for you.
Contact Latham Insurance Group today to see how we can help you meet your goals.