ABUNDANCE ADVISORS INC.

Products

Individuals

Your situation and goals are unique, so policies will be tailored to fit your needs. Our life insurance can serve as a safety net to protect your loved ones from the unexpected, or it can be the cornerstone of a strategic financial plan, offering flexibility for important milestones like paying for college, expanding your business, or increasing retirement income.

Term Life Policy

An affordable and straightforward option that provides coverage for a specified period.

It’s ideal for young families, homeowners, individuals with debt, young professionals, and small business owners who need substantial but temporary financial protection.

This type of insurance covers needs like income replacement, debt repayment, and mortgage protection during critical periods of financial responsibility.

Whole Life Policy

This provides lifelong coverage with cash value accumulation, making it ideal for those seeking comprehensive long-term financial security.

It’s beneficial for long-term planners, high-net-worth individuals, parents, business owners, and anyone preferring fixed premiums.

It ensures financial stability for beneficiaries and serves as a valuable tool for estate planning and securing financial goals over time.

Index Universal Life (IUL) Policy

This offers lifelong coverage with the potential for cash value growth tied to a market index.

It’s ideal for long-term planners, risk-conscious investors, high earners, estate planners, and those seeking flexible premiums and benefits.

This policy provides a balanced mix of protection and investment growth opportunities.

Final Expense Policy

This is designed to cover end-of-life costs like funeral and burial expenses.

It is ideal for seniors or retirees, those who may not qualify for traditional life insurance due to age or health issues, and individuals looking for a straightforward policy to ensure their loved ones aren’t burdened with these costs.

Business

Every business has unique needs and objectives, so our policies are designed to fit your specific requirements. Our business life insurance can act as a safety net to protect your company from unexpected events, serve as a key component of a strategic financial plan, providing flexibility for critical milestones such as expanding operations, securing key personnel, or facilitating business succession.

Key Person Policy

Key person insurance protects businesses from the financial impact of losing a vital employee. It's essential for small to medium-sized companies, startups, and businesses heavily reliant on specific individuals for operations and growth.

This insurance ensures financial stability during the transition by covering costs related to finding and training replacements and compensating for potential revenue loss.

Split-Dollar Policy

These policies allow the sharing of life insurance costs and benefits, often between an employer and employee.

They're ideal for businesses seeking to enhance employee benefits, high-earning executives looking for tax-advantaged compensation, and individuals focused on estate planning to efficiently transfer wealth.

Executive Bonus Policy (Section 162)

These policies are a smart way for businesses to reward and retain top talent by offering life insurance as part of an executive's compensation package.

These policies provide tax advantages for the employer and give executives additional life insurance coverage with the potential to accumulate cash value.

These are ideal for companies looking to enhance their benefits packages and for high-level employees seeking financial security and growth opportunities.

Group Life Policy

Group Life provides affordable coverage under a single policy, often offered by employers.

It benefits businesses looking to enhance their benefits package and employees seeking accessible life insurance without individual health assessments.

It's also ideal for organizations like clubs or unions wanting to provide life insurance to their members.