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Family Life Insurance Waco Texas

Services

Life Insurance

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We know that as your family and assets grow so does your risk.  This is why we offer solutions that pay off your home, pay off your debt, pay for your funeral, and even help replace your income  for your family in the event of your death.  Life Insurance can do all of this.
 

We offer many different types of life insurance:

 

  • Term Life/Non Medical Term 

  • Indexed Universal Life

  • Universal Life

  • Whole Life or Final Expense

  • Guaranteed Issue Whole Life

  • Life Insurance with Living Benefits

 

No matter the type you need, we got you covered. You can use life insurance for many different things:

  • Money to leave behind for your families well being

  • Money to use when you become ill with a qualifying terminal, chronic, or critical illness(1)

  • Potential for supplemental retirement income using tax-free life insurance policy loans and withdrawals (2)

  • College Funding for your child

  • Funding a buy sell agreement for a business buyout

  • Executive Bonus for key Employees

  • Premium Financing - leveraging funds to buy large amounts of life insurance

  • Mortgage Protection - paying off your home at death

  • Final Expense Planning - paying for your funeral/burial

Mortgage Protection

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Is Mortgage Protection Insurance for You?
 

​​​​Do you ever worry that if you were to die that
your family would lose their home?  If so, let us
help protect your family with a custom mortgage
protection policy for you. Secured First Financial 
is an independent agency. We act like a broker 
and represent hundreds of top rated insurance
companies. We offer Mortgage Protection
Insurance in Texas, Arizona, Georgia, and Utah.
 

Our solutions for mortgage protection may provide the following benefits:

 

  • Pays off your home in the event of your death directly to your family

  • Pays funds, directly to you, in the event of a qualifying Terminal, Chronic or Critical illness(1)

  • Pays monthly income, directly to you, in the event of Disability

  • Pays a Refund of a portion or all premiums at the end of your mortgage. 
     

There are a few different ​ types of mortgage insurances to choose from:

 

  • Term mortgage protection insurance

  • Refundable mortgage protection insurance

  • Mortgage payment protection insurance

 

Term Mortgage Protection Insurance
 

This is usually the lowest cost mortgage protection insurance. This insurance last for a period of time, usually the length of your mortgage. Coverage terms can range from 10 years to 30 years.  Some of these policies offer additional benefits where you can use the money while you're alive for a terminal, chronic, critical illness, or disability for an injury due to an accident. 
 

Refundable Mortgage Protection Insurance
 

This type of mortgage protection insurance provides a portion or all of your money back (premiums) at the end of your mortgage loan.  In some cases there may be enough cash in the policy to pay off your mortgage earlier and save years of mortgage payments. Some of these policies offer additional benefits where you can use the money while you're alive for a terminal, chronic, critical illness, or disability for an injury due to an accident.
 

Mortgage Payment Protection Insurance
 

This type of mortgage protection insurance provides mortgage payments.  This coverage is more tailored to individuals age 60 and older, but can be purchased if younger as well. This would provide your spouse/partner and or beneficiaries some option money to figure out what they want to do. In most cases it can provide 6, 12, and 24 of mortgage payments. If your beneficiary decided to sell your home,  they can take their time and get the maximum price for your home. They may also decide to rent your home out or get a roommate. This coverage would give them some options and time to figure out what would be best for them. Some of these policies offer additional benefits where you can use the money while you're alive for a terminal and chronic illness.

 

To get a mortgage protection insurance quote and see what you qualify for,  please click the Get A Quote button below and fill in your information.  We will contact you with in 24 to 72 hours. 

Retirement

We offer retirement products like a ROTH IRA, IRA, SEP, Simple, Annuities, and Multi Year Guaranteed Annuities (MYGA's). If you have an old 401k or just changed jobs and need to rollover your 401k, we can help you. We even have retirement products with no fees. 

We are an annuity broker and represent hundreds of top rated annuity companies. We can help you find an indexed annuity, income annuity, fixed annuity, and multi year guaranteed annuities (MYGA's) that may fit what you are looking for. 


When it comes to retirement, we focus on insurance retirement products like fixed indexed annuities. A Fixed Indexed Annuity may be a fit for your retirement if you are looking the following (3):

 

Protection of Principal

Your savings are always protected from market fluctuations and are 100% principal protected. There is no direct downside market risk to your funds.

 

Growth Potential
You also have the choice of interest based on the performance of an external
market Index.

 

Income for Life

A lifetime withdrawal benefit is automatically included and ensures that you can generate a lifetime income that will last for your life.

 

Wealth Transfer
Leave a legacy for your loved ones and avoid probate. The full account value is available after your death. If your spouse is the beneficiary, then he or she can always choose to continue the policy.

Since we act like a broker and represent hundreds of top rated insurance companies. We can help you find an indexed annuity that fits what you are looking for. 

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Disclosure 1
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Disclosuresl
1. Living benefits are provided by no-additional premium accelerated benefit riders.  Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy.  Receipt of Accelerated Benefits may be a taxable event, may affect your eligibility for public assistance programs, and may reduce or eliminate other policy and rider benefits.  Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you.  Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance.  Riders are optional, may require additional premium and may not be available in all states or on all products.  This is not a solicitation of any specific insurance policy. 

 

2. The use of cash value life insurance to provide a tax-free resource for retirement assumes that there is first a need for the death benefit protection.  The ability of a life insurance contract to accumulate sufficient cash value to help meet accumulation goals will be dependent upon the amount of extra premium paid into the policy, and the performance of the policy, and is not guaranteed.  Policy loans and withdrawals reduce the policy’s cash value and death benefit and may result in a taxable event. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. Surrender charges may reduce the policy's cash value in early years.  
 

3. Assuming no withdrawals during the withdrawal charge period.  Rider charges continue to be deducted regardless of whether interest is credited. Unlike traditional fixed annuities, the policy owner of a fixed indexed annuity may receive zero interest for a single period on a specific premium payment if the index performs poorly. However, with most designs, the premiums are protected and guaranteed to grow over time, and the owner of a fixed indexed annuity may experience better interest crediting than a traditional fixed annuity during periods when the market performs well. Indexed annuities do not directly participate in any stock or equity investments. An investment cannot be made directly into an index. Most FIAs permit owners to participate in only a stated percentage of an increase in an index, and also impose a “cap rate” that represents the maximum annual account value percentage increase allowed to contract owners. Annuities have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the annuity. In addition, withdrawals prior to age 59 ½ may be subject to a 10% Federal Tax Penalty. The guarantees of annuity contracts are contingent on the claims-paying ability of the issuing insurance company. 

Life Insurance     Mortgage Protection     Retirement

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