OPULENCE INSURANCE AGENCY
Family First Life
OPULENCE Insurance Agency
Secure protection, prosperity, and peace of mind for designated survivor.
Life Broker / Owner
MD 3001123352 , VA , AL , FL. ,
NC , TX , DC
* Notary Public
Prince George's County, MD
Simonique is the mother of two sons. She has worked in the beauty industry for over 30 years and has worked in the automobile and insurance industries for over 5 years. Simonique is here to help you leave a legacy for your loved one.
As Life Insurance Brokers, we have access to multiple A-rated insurance companies. You always have a professional on your side who will make sure you have the right protection that makes financial sense for you and your family. We will focus on you by helping you shop for the BEST coverage that suits your individual needs in order to protect you and/or your loved ones.
• AMERICAN AMICABLE
• AIG - AMERICAN GENERAL
* FORESTERS FINANCIAL
* CFG - Columbian Financial Group
* JOHN HANCOCK / VITALITY
* MUTUAL OF OMAHA
* LIBERTY BANKERS
* ReliaSHIELD IDENTITY THEFT
* GERBER LIFE
* ROYAL NEIGHBORS OF AMERICA
* NATIONAL LIFE GROUP
* GREAT WESTERN
* UNITED HOME LIFE / UNITED FARM FAMILY
These policies have no value other than the guaranteed death benefit and feature no savings component as found in a whole life insurance product. No benefit will be paid to the policyholder if he/she survives the policy term. However, many term plans come with guaranteed renewal feature, which allows the policyholders to extend the policy term.
Most plans are available for people between the age of 18 to 65 years with the maximum maturity age being up to 85-89 years.
* Notary Service
Customers must bring a valid, current photo ID, and all signers must be present at signing. Cost is $5 per signature.
Notaries must perform their official duties with respect and seriousness for the public service role they play as a trusted, impartial witness.
Final Expense and Burial Insurance
Final Expense is a type of whole life insurance designed to cover medical bills and funeral expenses when you pass. Naming someone you trust as your policy’s beneficiary is the best way to ensure the death benefit is used to fulfill your funeral plan. It should be someone who will likely be financially impacted by your death.
Mortgage Protection Insurance
Mortgage Protection provides cover for your mortgage payments in the event you find yourself involuntarily unable to work due to accident, if you die prematurely, or illness. Mortgage protection insurance is a decreasing term life insurance policy. In other words, the death benefit on the policy is designed to go down over time along with your mortgage balance. Mortgage protection insurance, on the other hand, is completely optional. Mortgage protection insurance is often “guaranteed acceptance,” which means you don’t have to take a medical exam and won’t be denied for having a less than perfect health profile.
Universal & Whole Life Insurance
Unlike term life insurance, a UL insurance policy can accumulate cash value. Indexed universal life or IUL insurance allows the owner to allocate cash value amounts to either a fixed account or an equity index account. Policies offer a variety of well-known indexes, such as the Nasdaq-100 or the S&P 500. They are less risky than variable UL insurance policies.
Whole life insurance lasts for a policyholder’s lifetime, as opposed to term life insurance, which is for a specific amount of years.
Whole life insurance is paid out to a beneficiary or beneficiaries upon the policyholder’s death, provided that the premium payments were maintained. The savings component can be invested; additionally, the policyholder can access the cash while alive, by either withdrawing or borrowing against it, when needed.
Permanent life insurance will be based on the flexibility of the policy, level of investment risk and affordability.
If you took out a loan from the cash value that you haven’t paid back, the loan amount and interest will be deducted from the death benefit if you pass away.
If you decide you no longer want a permanent policy, you may be able to walk away with some cash value. If you terminate the policy, the insurer will give you the cash value minus any surrender charge.