Life Insurance

Your lifetime earnings potential is your greatest financial asset.

Ensure that there is a minimal change to the standard of living for you or your family if the unexpected should happen.

Contact Hynek Financial Group to help secure your finances and lifestyle in preparation for serious illness, injury or untimely death. You work hard to ensure a comfortable and secure life for your family and business. Eliminate the worrisome element of risk by choosing one of our many individual life insurance options.

You can opt for individual term or permanent life insurance.

Term insurance is a basic form of life insurance that covers temporary needs like children’s education and mortgage payments or insurance protection for a specified period of time (term).

Individual term life benefits

• In case of the unfortunate demise of the insured person while the policy is in force, the named beneficiary will be paid the face amount
• Coverage is renewable at the end of the premium guarantee period usually at a higher premium because of increased age
• Premium is initially lower than that of a permanent insurance policy but can increase at each renewal
• Initial lower premium is an ideal choice if you have a temporary need for life insurance protection

Permanent life insurance covers you for your whole life. From the time you begin your first payment until the time of your passing. Part of your premium is applied toward the insurance portion of your policy, a small part of your premium goes toward administrative expenses, and the balance of your premium goes toward the investment or cash portion of your policy.

Individual permanent life benefits

• Some portion of your investment can be realized prior to death
• Cash value portion to you the insured
• You can take it out in the form of policy loans or cash the policy in
• Interest accumulated through the investment portion is tax-free until you withdraw it

From funding a child's education, mortgage protection, or supplementary retirement income, we have an individual life insurance plan you can benefit from.

Contact HFG to get help and plan for a secure financial future.