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J and R Insurance Services Inc.

We are focused on your family and your future

Business, Legacy & Retirement

Business, Legacy & Retirement

We offer the following services

Mortgage Protection

Mortgage insurance can be a useful tool for both buyers and lenders in certain situations. Here’s why you might consider getting it:

Lower Down Payment: Mortgage insurance allows you to make a smaller down payment on your home. This can be especially beneficial if you’re a first-time homebuyer or if you don’t have enough savings for a large down payment. It can help you get into a home sooner rather than waiting to save a larger amount.
Access to Better Loan Terms: By reducing the lender’s risk, mortgage insurance can sometimes help you secure better loan terms, such as a lower interest rate. This can result in lower monthly payments and overall loan costs.
Increased Borrowing Power: With mortgage insurance, you may be able to borrow more than you could with a conventional loan that requires a larger down payment. This can help you buy a home that better fits your needs or in a desired location.
Protection for the Lender: Mortgage insurance protects the lender in case you default on your loan. While this doesn’t directly benefit you, it does make it easier for lenders to offer loans to buyers with smaller down payments.
Flexibility in Homeownership: With mortgage insurance, you may be able to buy a home sooner, allowing you to start building equity and enjoying homeownership benefits earlier.

Overall, mortgage insurance can be a valuable tool if you’re looking to buy a home with a smaller down payment or if you want to access better loan terms. It provides a pathway to homeownership and can make buying a home more attainable.

Life Insurance

Term Life

Whole Life

Disability Insurance

Disability insurance can be a crucial part of your financial safety net. Here are some reasons why it might be a good idea to consider:

Income Protection: If you become unable to work due to illness or injury, disability insurance can provide you with a portion of your income. This can help cover your living expenses, such as rent or mortgage, utilities, and groceries, while you’re unable to earn a paycheck.
Financial Security: Without disability insurance, you might have to dip into your savings or rely on credit, which can quickly become unsustainable. Disability insurance helps ensure that you have a more stable financial foundation during tough times.
Coverage for Various Conditions: Disability insurance often covers a range of conditions, from short-term illnesses and injuries to long-term disabilities. This means that even if you have a temporary issue, you’re still protected.
Peace of Mind: Knowing that you have a safety net in place can reduce stress and anxiety about the possibility of becoming disabled. This peace of mind can be invaluable, especially if you’re the primary breadwinner in your family.
Protecting Your Lifestyle: If you’re unable to work, your lifestyle and standard of living might be affected. Disability insurance helps ensure you can maintain your current lifestyle as much as possible, even if you’re not working.

Overall, disability insurance can be a smart investment to safeguard your financial well-being and maintain your quality of life if you face unexpected health challenges.

Business & Retirement

Infinite Banking

Financial Planning

Retirement Planning

401K/IRA Rollovers

Indexed Universal Life

Executive Bonus Plans

Final Expense

Final Expense

Final expense insurance can be a worthwhile consideration for many people. It’s designed to cover the costs associated with end-of-life expenses, such as funeral costs, medical bills, and other related expenses. Here are some factors to help you decide if it’s right for you:

Covering Funeral Costs: Funerals and related expenses can be quite costly, often running between $7,000 and $10,000 or more. Final expense insurance can help cover these costs, relieving your loved ones from having to handle these expenses during a difficult time.
Ease of Financial Burden: Having a final expense policy ensures that your family won’t need to worry about finding funds to cover your final expenses. This can provide peace of mind knowing that your family won’t face a financial strain during their time of grief.
No Medical Exam Required: Many final expense insurance policies don’t require a medical exam, making it easier to qualify, especially if you have health issues that might make traditional life insurance more expensive or difficult to obtain.
Simplified Application Process: The application process for final expense insurance is generally straightforward and quick compared to other types of life insurance. This can be advantageous if you’re looking for coverage that’s easy to secure.
Fixed Premiums: Final expense insurance often comes with fixed premiums, meaning your payments won’t increase over time. This can make it easier to budget for your insurance premiums.
Providing Legacy: Even if you don’t have significant assets or a large estate, final expense insurance can still allow you to leave a financial legacy by ensuring your final wishes are covered and your family is not burdened.
Supplementing Other Insurance: If you already have life insurance, final expense insurance can complement it by specifically covering end-of-life expenses. This can help ensure that the payout from your other life insurance policies can be used for other purposes, such as leaving a larger inheritance or covering ongoing financial obligations.

However, it’s also worth considering whether you have other means to cover final expenses, such as savings or other insurance policies. If you have significant assets or a life insurance policy with a large death benefit, you might already have adequate coverage for final expenses. It’s a good idea to evaluate your overall financial situation and discuss your needs with a financial advisor to determine if final expense insurance is the right fit for you.

Companies We Represent

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