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SERVICES

LIFE INSURANCE

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Life insurance is a financial product that provides a death benefit to beneficiaries upon the policyholder's death. It serves as a safety net for loved ones, ensuring financial stability in the event of the policyholder's passing.

​Types of Life Insurance

1. Whole Life Insurance

  • Permanent Coverage: Offers lifelong protection with level premiums.

  • Cash Value Accumulation: A portion of premiums contributes to guaranteed cash values, which can be accessed or borrowed against.

  • Dividends: Policies may earn dividends if actual costs are lower than expected.
     

2. Term Life Insurance

  • Temporary Coverage: Provides protection for a specified term (e.g., 10, 20, or 30 years).

  • Level Premiums: Premiums remain constant throughout the term.

  • Cost-Effective: Generally lower premiums compared to whole life insurance, suitable for covering temporary risks.

 

Benefits of Life Insurance

  • Financial Security: Provides peace of mind knowing that beneficiaries will receive financial support.

  • Flexibility: Options to choose between permanent and temporary coverage based on individual needs.

  • Access to Cash: Whole life policies allow borrowing against cash values for emergencies.
     

Considerations

  • Long-Term Goals: Whole life insurance is ideal for those with long-range financial objectives.

  • Temporary Needs: Term life insurance is suitable for individuals seeking affordable coverage for a limited time.

 

Understanding these aspects can help individuals make informed decisions about their life insurance needs.

 

 

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FITZ WEALTH MANAGEMENT
26 Tatomuck Rd 
Pound Ridge, NY 10576 

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Securities offered through LPL Financial, member FINRA/SIPC. 

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of the states in which they are properly registered or licensed.

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Investment advice offered through Stratos Wealth Partners, Ltd., a registered investment advisor and a separate entity from LPL Financial. The LPL Financial registered representative(s) 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.

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*On Sept. 13, 2024, Stratos Wealth Partners, Ltd. placed 22nd on the list for the year 2024. Stratos Wealth Partners, Ltd. applied for the award by submitting responses to a detailed questionnaire for the award committee’s consideration. Stratos Wealth partners, Ltd. did not pay any compensation to be considered for the award. The award is not representative of any one client’s experience and is not indicative of our firm’s future performance. The award was independently granted, as Stratos Wealth Partners, Ltd. has no affiliation with Barron’s. Please note that the award is not a referral to, endorsement or recommendation of, or testimonial for the advisor with respect to its investment advisory or other services. Barron’s weighs dozens of qualitative and quantitative components, including assets managed, the size and experience of teams, regulatory record of the advisors and firms, succession planning, technology spending, and staff diversity based on responses supplied by the advisor to a detailed survey.

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