life insurance plans for state bar of michigan members
Life insurance is a tool that is an important part of sound financial planning. Because it is a contract between an insurance company and an individual or business, it guarantees that proceeds will be available upon the death of the insured.
Premature death can create a financial emergency that can only be resolved through proper planning. Member Insurance Solutions offers a wide variety of life insurance options for your personal or business needs. We offer insurance options through more than 20 carriers for individual life insurance and group life insurance. Our staff has the skills and products to address these common insurance needs.
- Pay off outstanding personal or business debts.
- Provide income resources in the event of a premature death of the income earner.
- Buy-out deceased owner’s business interest.
- Pay off mortgage on a home.
- Provide collateral for loans.
term life insurance
Term insurance is the most basic type of insurance. It provides coverage for a specific period of time and has no cash value or savings portion. It is strictly pure protection.
- Return of premium plans available.
permanent life insurance
This type of insurance is intended to provide permanent protection over the insured’s lifetime. It has a savings or investment component and is available in a variety of design options.
Waiver of Premium
This rider is purchased to protect the insured in the event of a total disability. It pays the premium after an initial waiting period allowing the policy to continue.
Accidental Death and Dismemberment
This rider is purchased to provide the beneficiary an additional amount of insurance if the death of the insured is from an accident. (Policy definition can vary.)
Personal Appointments Available
Member Benefit Solutions provides the option of on-site visits to discuss the issues that apply to your particular situation. To set an appointment at your convenience, please call 800.878.6765 and ask for an appointment.