Life Insurance

Life Insurance – Athens, Ohio

Brent Hartman and O’Nail Hartman Insurance of the Plains, Ohio, specializes in providing Whole Life, Term Life, Planning and Long Term Care services for the communities of Athens, Nelsonville, Logan, Albany, and the whole of Southeast Ohio.

For over 50 years we’ve been helping people grow old secure in the knowledge they’ve planned for their loved ones financial futures.

There are two main categories of life insurance policies: term life and permanent life. Each offers distinct features and cater to different needs. Here’s a breakdown:

Term Life Insurance

Temporary coverage: Provides coverage for a specific period, typically 10, 20, or 30 years.
Fixed death benefit: If the insured dies within the term, the beneficiaries receive a predetermined payout.

Affordable premiums: Usually the most affordable type of life insurance due to its temporary nature.

No cash value: Doesn’t accrue any cash value over time. Once the term ends, the policy expires unless renewed, often at significantly higher rates.

Types of Term Life:

Level term: Death benefit remains constant throughout the term.

Decreasing term: Death benefit gradually decreases over time, often aligning with decreasing mortgage balances.

Renewable term: Offers the option to renew the policy at the end of the term, but premiums will likely increase significantly.

Permanent Life Insurance:

Lifetime coverage: Provides coverage throughout the insured’s life, as long as premiums are paid.

Cash value accumulation: Builds cash value over time, which can be accessed through loans or withdrawals during the insured’s lifetime.

Higher premiums: More expensive than term life due to its permanent nature and cash value component.

Types of Permanent Life:

Whole life: Offers guaranteed cash value growth and a fixed death benefit.

Universal life: Provides flexible premiums and death benefit customization options, with cash value growth based on market performance.

Variable life: Invests cash value in the stock market, offering potentially higher returns but also risk of loss.

Additional options:

Joint life insurance: Covers two lives on one policy, typically paying out upon the first or second death (depending on the policy type).

Group life insurance: Often offered through employers at lower rates but with limited coverage options.

Life Insurance Planning Services Available

Having O’Nail Hartman on your side as trusted Life Insurance Planners and Advisors reveals several benefits:

Expertise: We understand complex life insurance options, navigating them to find the best fit for your needs and budget.

Objectivity: Unlike agents representing specific companies, we offer unbiased advice, prioritizing your interests.

Customization: We help tailor coverage to your unique situation, considering family, income, and goals.

Risk assessment: We identify potential financial gaps and recommend adequate coverage for your loved ones.

Cost optimization: We compare plans and negotiate competitive rates, potentially saving you money.

Long-term planning: We consider future needs, integrating life insurance with overall financial strategies.

Ongoing support: We answer questions, review your policy, and adjust it as your life evolves.

Peace of mind: Knowing you have the right coverage protects your family and grants you financial security.

Long-term care Nelsonville Ohio

In addition to life insurance and death considerations in terms of financial well being, it is also important to plan for the possible Long Term Care expenses. Southeast Ohio, and in particular Nelsonville Ohio, has several such facilities including but not limited to Kimes, the Laurels, Carlin House, the Embassy of Logan, Hickory Creek, and Arlington.

Contact the experts at O’Nail Hartman Insurance to discuss all of your options!

Other Insurance Services Available