Life Insurance Options:
🏡 Term Life:
Temporary Coverage
Return of Premium Options
Living Benefits
10, 20, 30 year options
🌳 Whole Life:
Permanent Coverage
Cash Value
Living Benefits
Guarantee Issue Options
📈 Index Universal Life (IUL):
Permanent Coverage
Cash Value
Living Benefits
Flexible Premiums
Client Spotlight
"Choosing Bleu Soul for my life insurance needs was one of the best decisions I've made. From the moment I reached out, their team made me feel like more than just a customer - they made me feel like family. Their policies are comprehensive and flexible, tailored perfectly to my unique situation. What really sets Bleu Soul apart, though, is their incredible sense of humor and genuine care for their clients. Dealing with life insurance can be daunting, but Bleu Soul manages to make the process not only easy but enjoyable. I couldn't recommend them highly enough!"
-Richard Hardy
Frequently Asked Questions
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Life insurance provides financial security and peace of mind for your loved ones when they need it most. It ensures that your family's financial obligations, such as mortgage payments, educational expenses, and daily living costs, are covered even in your absence. There are three types of life insurance: Term life insurance, Whole life insurance, and Universal life insurance.
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No, you do not, that is the beauty of simplified life insurance policies that can go up to $3,000,000 without a lengthy medical exam.
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A death benefit is a sum of money paid out by an insurance company to the beneficiary or beneficiaries of a life insurance policy upon the death of the insured person. This payment is typically made tax-free to the beneficiary and is intended to provide financial support to the deceased's dependents or beneficiaries after their passing. The amount of the death benefit is specified in the life insurance policy and may vary depending on the type of policy and the coverage selected by the insured. It's an essential aspect of life insurance and serves as a financial safety net for loved ones in the event of the insured's death.
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Cash value is similar to a savings account inside the life insurance policy. The policyholder can use the cash value for many purposes, including borrowing or withdrawing cash from it, or using it to pay policy premiums.
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Loans are typically not subject to income tax as long as the policy is in force. Loans are typically lower than those of traditional rates and still accrue interest in the policy. Loans do not have to be paid back and will be deducted from the death benefit.
Withdrawals are tax-free up to the premiums paid and taxable on the interest accrued. Withdrawals reduce the cash value inside of the policy and do not accrue any interest.
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It depends on the type of life insurance you choose. Some policies, like whole life insurance, often require premiums for your entire life or until a certain age (like 100), while others, like term life insurance, only require payments for a set period (e.g., 10, 20, or 30 years). There are also options where you can pay premiums over a shorter period, like 10 or 20 years, but still have lifetime coverage.