Family First Life (FFL) is an Insurance Marketing Organization that offers a variety of insurance products. Some of these products include:
They market life insurance policies written by third-party carriers. They also sell mortgage protection and final expense insurance.
Indexed universal life
An indexed universal life insurance policy lets you accumulate cash value in your policy that is linked to the performance of a stock market index. It can be a good option for prosperous people who want to protect their families from a loss of income and build significant tax-deferred savings.
However, indexed universal life has a few drawbacks that you should be aware of before making the final decision on which type of permanent life insurance to purchase. The biggest concern is the complexity of the policies and how they grow.
Many experts recommend that IULs should only be considered by people who are comfortable with the complexities of investing and don’t mind learning how to invest on their own or by following the advice of a financial planner.
You’ll also need to consider the cost of these policies and whether they fit within your budget. You’ll likely have to pay a higher premium than you would for other types of permanent life insurance.
Fixed index annuity
Indexed annuities are popular for investors looking to reduce risk and increase growth potential. However, they also come with certain risks and must be carefully evaluated.
Fixed index annuities allow you to earn a guaranteed interest rate on your principal and receive some gains from market changes linked to a specific index. They also protect your money from market losses.
But fixed index annuities aren’t a sure thing and come with some drawbacks, including a limit on your potential gains. They also have high fees and may impose surrender charges when you cancel the contract before the guarantee period ends.
The best way to determine whether an index annuity is right for you is to talk with a qualified financial professional. A good advisor can help you understand your retirement goals and match you with a grant that meets those needs.
Final expense
Final expense policies, also known as burial insurance and funeral coverage, can help families cover the costs of their loved one’s final expenses. These can include costs like memorial service or embalming fees, monument or marker prices, and flowers.
These policies are a great way to lift the financial burden of grieving family members during difficult times. However, it’s essential to choose the right approach.
Rates can vary based on the company, age, health, and coverage amount. To ensure you get the best final expense policy for your needs, you should compare quotes from top insurers.
Mortgage protection
Buying a home is a significant financial commitment. Depending on the type of mortgage loan, it can take 30 years or more to pay off the balance.
A mortgage protection insurance (MPI) policy can help pay off the remaining balance of your home loan if you pass away or become disabled. Depending on the policy, it may also pay off the mortgage if you’re out of work or unemployed for an extended period.
The downside of mortgage protection insurance is that it can be more expensive and offer less coverage than other life policies. However, it can be a good choice for homeowners who cannot get approved for traditional life insurance or who have trouble paying high premiums.