Our digital insurance brokerage offers income coverage backed by the highest financial strength and credit quality to empower the financial lives of professional wage and salary earners with retirement conservation and legacy preservation.
Temporary guaranteed income replacement with the term option to surrender to permanent guaranteed and fixed supplemental income replacement.
Permanent guaranteed and fixed supplemental income replacement with the promise to pay interest and ability to pay dividends.
Fixed supplemental income replacement with the promise to pay interest for a lifetime or period certain.
A.M. Best Company, Inc. (AM Best) is a member-served credit rating agency that analyzes the claims-paying ability of insurance carriers. AM Best classifies insurance carriers using a letter grade rating scale from A++ to F and provides an outlook of either positive, negative, or stable. The rating and outlook reflect their “independent opinion, based on a comprehensive quantitative and qualitative evaluation of their balance sheet strength, operating performance, and business profile. These ratings are neither a warranty of a company’s financial strength nor its ability to meet its financial obligations, including those to policyholders.” AM Best is registered as a Nationally Recognized Statistical Rating Organization (NRSRO) by the Securities and Exchange Commission (SEC) and as a Credit Rating Provider (CRP) by the National Association of Insurance Commissioners (NAIC) in the United States of America (USA). Broadnax® recommends life insurance and annuity products from mutual insurance carriers rated between A++ and A- by AM Best. Superior (A++/A+) denotes the insurance carrier can exceed ongoing financial obligations to policyholders. Excellent (A/A-) denotes the insurance carrier can meet ongoing financial obligations to policyholders.
Minimize costs and maximize benefits.
Adjust coverage as needs change.
Guarantee a periodic fixed income.
Cover exposures to financial risk.
Access an emergency fund quickly.
Design policies for life events.
Build trust from ethical practices.
Contribute to a greater good.
Participate in returns of premium.
Dr. Solomon Stephen Huebner explained the “economic value of human life” concept in his textbook “The Economics of Life Insurance”. He is well-known for his establishment of the once standard method used by life insurance professionals to calculate income replacement needs for their clients. His concept is still applied today, although his approach has been modified with newer versions. The best way to use life insurance as a perfect income hedge is to replace a percentage of your current annual gross income up to or beyond your retirement age by estimating future income growth, inflation, and taxation. The resulting calculation is the maximum amount of death benefit required from a term life insurance policy to protect your financial future. Income replacement serves the purpose of covering an unanticipated loss of income that occurs due to the untimely death of an immediate family or household member known to cause survivors and financial dependents to experience financial distress. A term life insurance policy is a preferred form of protection for its higher coverage and lower premium when compared to a whole life insurance policy.