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Bethpage Financial Group
Life Insurance

Preparing for the unexpected.

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Life insurance can fill a wide variety of needs, from providing funds for a high-net-worth individual’s heirs to pay estate or inheritance taxes to ensuring financial support for a child with special needs should a parent die. Working with a financial professional can help you understand how life insurance works and which type, if any, is right for your situation.

Universal Life Insurance

Benefits

  • Flexibility to maintain your policy while increasing, decreasing, or skipping premium payments based on changing needs.
  • Average cost is usually lower than whole life at similar coverage amounts.
  • Flexible premiums.
  • Adjustable Death Benefit.

Term Life Insurance

  • Provides coverage for a specific period of time (e.g., 10, 20 or 30 years).
  • Pays a benefit only if the insured dies during that term.
  • Fixed premiums for specified number of years and can increase upon renewal.

Benefits

  • Highest death benefit at the lowest cost.
  • Makes sense when there is a need for coverage that will disappear at a specific point in time.

Whole Life Insurance

Benefits

  • Provides a guaranteed death benefit and guaranteed tax-deferred build- up of cash value with level policy premiums.
  • Level premiums initially higher than with term and universal life policies of similar coverage amounts.
  • Does not have flexible premiums.
  • Provides coverage for your entire life cycle.

Variable Life Insurance

  • Is a permanent plan combining the standard features of a universal life policy with investment choices for your premium dollars.

Benefits

  • Lifetime protection.
  • Flexibility to change premiums.




Guarantees are based on the claims paying ability of the issuing company.

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This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice. You may wish to consult an attorney, tax advisor, or accountant regarding your specific situation. No representations are made as to the accuracy of the information contained herein or any information contained in any link provided herein.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).Insurance products are offered through LPL or its licensed affiliates. Bethpage Federal Credit Union and Bethpage Financial Group are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Bethpage Financial Group, and may also be employees of Bethpage Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Bethpage Federal Credit Union or Bethpage Financial Group. Securities and insurance offered through LPL or its affiliates are:
Not Insured by NCUA or Any Other Government Agency
Important Consumer Information:

The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.

Bethpage Federal Credit Union provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay Bethpage Federal Credit Union for these referrals. This creates an incentive for Bethpage Federal Credit Union to make these referrals, resulting in a conflict of interest. Bethpage Federal Credit Union is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.

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