FL Life Insurance Information

Life Insurance can help protect your family and is an excellent way to
accumulate money for college, retirement or unplanned expenses. A
person should have life insurance that approaches six to eight times
their annual gross income. Under current laws, there is generally no
federal income tax on death benefits paid to a named beneficiary.

Using the strength and experience of our life
insurance markets, we offer affordable term life,
whole life, and universal life insurance policies.

Life insurance coverage for a specified length of
time. A term life insurance policy is usually
purchased with a particular need in mind.
Beneficiaries will collect, usually tax free, the face
value of the policy upon the insured (your) death.
Term life is attractive for those with a limited
income, high short term insurance needs, or for
personal family protection.

If the insured survives the time period, the policy
expires. There is no cash value at the expiration of
a term life insurance policy. Some policies have a
convertible feature permitting a policyowner to
exchange a term policy for a cash value policy
without evidence of insurability.

Level Term Life Insurance Policy Features

A constant death benefit and a level premium for a
specified number of years. We offer 10, 15, 20, and 30
year terms.

Decreasing Term Life Insurance Policy Features

Has a decreasing death benefit and a level premium.

Click on the link below to fill out a quote request form for a Term Life
Insurance policy that will provide excellent life insurance coverage at
an affordable cost. Or speak with one of our Personal Insurance
Agent Specialists at (305) 267-0000 to discuss the features.

Click on one below to learn more!

The most popular choice for those seeking to cover permanent needs,
such as contributing to a survivor's nest egg, paying off final expenses,
etc. Whole life insurance provides permanent, lifelong insurance
coverage. The benefit amount remains the same and is payable to the
beneficiary(s) at the time of the insured's (your) death. It also offers an
opportunity to build cash value, so you can take a loan on your policy to
fund major purchases or to provide for unexpected costs.

Whole life insurance has a fixed premium and a level death benefit to
age 100. The premiums don't increase with age, which averages the
cost of the policy over your life. The cash value increases with time until
it equals the death benefit at age 100. This type of policy never has to be
renewed or converted. The cash value is an amount of money that you
are guaranteed to receive in the event of policy cancellation.

Variations of Whole Life Insurance include:

Modified Premium - lower fixed premium for the first 3 or 5 years,
and then premiums increase. These policies work well for individuals
that expect to improve their financial condition in the near future.

Graded Premium - premium increases each year for the first 5
years, and then is fixed.

1. premium costs may make it difficult to buy enough

2. need to carry a whole life policy for a considerable length of time to be
very beneficial

3. cash value may be less than your face value

4. cannot vary your monthly premium payment and the premium-paying
period may be lengthy

5. amount of coverage cannot be increased at a later date

Advantages of Whole Life Insurance

1. guaranteed protection for life

2. level death benefit that is generally tax-free

3. premiums do not increase in correlation with your age

4. cash may accumulate tax-deferred

Disadvantages of Whole Life Insurance

Click on the link below to fill out a secure quote request form for a Whole
Life Insurance policy that will provide excellent life insurance coverage at
an affordable cost. Or speak with our Personal Insurance Agent Specialist
at (305) 267-0000 to discuss the features.

A flexible premium policy that combines protection against premature
death with a savings account that typically earns a money market rate of
interest. A universal life insurance policy is a combination of term life
insurance protection with the cash savings value of whole life insurance.
Interest rates paid on the cash value are typically higher than with whole
life insurance because they tend to follow the markets.

Premiums for universal life insurance policies can be paid in a lump
sum, annually, or anywhere in between. Interest on the cash value is
usually guaranteed, but will vary according to the investment
performance. Each month deductions are made from the cash value
fund to support the costs of the insurance protection. As long as the
cash value is substantial enough to maintain the monthly costs, the
policy will remain in force. Typically the death benefit reduces in
proportion to the increase in cash value, thus causing a level death
benefit.

**The information, pictures, and other content in this website about particular
insurance services is only provided for informational purposes. Any decisions
regarding your insurance needs should be discussed with a licensed insurance
agent.

Click on the link below to fill out a secure quote request form for a
Universal Life Insurance policy that will provide excellent life insurance
coverage at an affordable cost. Or speak with one of our Personal
Insurance Agent Specialist at (305) 267-0000 to discuss the features.

We are your local Miami, Florida insurance agency, offering affordable life
insurance services to residents of the following cities and counties: Coral
Gables, Kendall, Richmond Heights, Pinecrest, Howard, Coral Way Village,
Westchester, Westwood Lakes, Brownsville, Sweetwater, Key Biscayne,
North Bay Village, Miami Beach, Miami Springs, Virginia Gardens, Hialeah, El
Portal, Miami Shores, Medley, Indian Creek, Surfside, Bal Harbour, North
Miami, Biscayne Park, Pinewood Park, Opa Locka, Bunche Park, Hialeah
Gardens, Palm Springs North, Carol City, Norland, Ojus, Miami Lakes,
Biscayne Gardens, Hallandale, Sunny Isles Beach, Golden Beach, Aventura,
Uleta, Miramar, Pembroke Pines, North Miami Beach, Hallandale Beach, Ives
Estates, Pembroke Park, Hollywood, Dania Beach, Cooper City, Davie, West
Miami, Weston, Plantation, Playland Isles, Melrose Park, Lauderhill, Sunrise,
Tamarac, Fort Lauderdale, Wilton Manors, Oakland Park, Lauderdale Lakes,
Sea Ranch Lakes, Pompano Beach, Margate, Coral Springs, North
Lauderdale, Lighthouse Point, Hillsboro Beach, Coconut Creek, Deerfield
Beach, Boca Raton, The Hamptons, Highland Beach, Boca West, Delray
Beach, Boca Pointe, Boynton Beach, Lantana, Rainbow Lakes, Atlantis, Lake
Worth, South Palm Beach, Palm Springs, Greenacres, Wellington, Haverhill,
Palm Beach, Golden Lakes, Riviera Beach, Glen Ridge, West Palm Beach,
Lake Park, Royal Palm Beach, Jupiter, Juno Beach, North Palm Beach,
Loxahatchee, Belle Glade, Palm Beach Shores, South Miami, Cutler Ridge,
Princeton, Perrine, Naranja, Homestead, Florida City, Leisure City, Miami-
Dade County, Broward County, Palm Beach County, FL. We also offer life
insurance services in the remainder of Florida, including Orlando, Jacksonville,
Lakeland, and the Tampa Bay area.

Palomino Insurance Group

Florida Health, Life & Business Insurance

Proudly Serving Florida Since 1986!

Answer a few questions and we will
provide you with a quote by email or
phone. Choose the Florida personal
or business insurance coverage
you're interested in from the menu
above.

Palomino Insurance Group Corp.

7515 S.W. 32nd Street

Miami, Florida 33155

Miami-Dade County, FL

(305) 267-0000

Fax (305) 267-0004

Palomino Insurance Group Corp.