Personal & Business life insurance
As a Financial Specialist with more than 15 years of experience, I know many local families. My knowledge and understanding of the people in this community help me provide customers with an outstanding level of service. I look forward to helping families like yours protect the things that are important –I can also help you prepare a strategy to achieve your financial goals.
E-Mail: tercero@allstate.com
Miami Florida
Tel: 786-246-4411
Daniel B. Tercero
Financial Representative
Individual life insurance
Business life insurance
Employee Benefits
Retirement plan
Protect your family’s future with Life Insurance
THEY’RE YOUR WORLD PROTECT THEIRS.
When you’re a parent or expecting, your family and the kind of future you want for them mean a lot.
Life insurance provides a simple and affordable way to help:
Life insurance is a contract between you and an insurance company. Life insurance provides financial protection for your family in the event of your passing. The beneficiaries will receive money to use as they see fit, ensuring security during difficult times.
What is a Life Insurance?
When to get Life Insurance?
· Getting married or becoming a couple
· Becoming a stay-at-home parent
· Getting divorced or splitting up
· Starting a new job
· Becoming self-employed
· Retiring
· Having or adopting a child
· You bought a new home
The best time to buy life insurance is as soon as possible, assuming you have dependents. Generally, the younger you are when you purchase a policy, the lower your premium. If you're single with no dependents, life insurance may not be a priority. However, if you have a family or are planning on starting one soon, you should have a life insurance policy in place. Anytime is a good time, but these life events are especially important.
Types of Life Insurance:
Life insurance pays out a specified amount to a named beneficiary upon your death. ... It provides money to help pay for medical expenses, funeral costs, and future living expenses for your dependents.
However:
what type of life insurance do you need?
I know you want life insurance, but in reality, it is not about what you want; it’s about what you need
what type of life insurance are you looking for?
how much life insurance do you need?
Do you need permanent, flexible, or term life insurance?
Sometimes we want many things, but in reality, it is about what we need,
we probably want life insurance, but the best question is, what type of life insurance do you need?
if you don’t know how to answer these questions about what you need then I suggest to call me or email me in order to make the best decision for your family's future.
What can a life insurance policy do for you?
Are you single, engaged, or married?
A life insurance policy can help any loved ones you
maybe supporting, settling outstanding obligations, and
continue to pay other expenses.
Do you have children?
With life insurance, you can provide for your children
and help them have the life you’ve dreamed of for them.
Do you own a house?
Life insurance can pay down or pay off your mortgage so
your loved ones can continue to call their house home.
Tailor your Term policy
Choice of term length and coverage
Customize your policy to meet your coverage
needs, selecting a 10-, 15-, 20-, or 30-years
term duration.
Premium assurance
Your premiums are guaranteed not to increase
for the duration of your policy.
Guaranteed option to convert
to permanent coverage
You can exchange your term policy for one of our permanent policies up to some age
Guaranteed coverage period
Life insurance can pay down or pay off your mortgage so
your loved ones can continue to call their house home.
If you are disabled for six months or more, this benefit waives your annual premium
up to $5000 per month for the duration
of your covered disability or for the
duration of your policy
Total Disability Waiver rider
You can broaden the protection of your
term life insurance policy
with this feature,
which allows you to access up to 50%
of the death benefit
if you become terminally ill
Accelerated Benefit rider
Term Life Insurance
Term life insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.
After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
If the life insured dies during the term, the death benefit will be paid to the beneficiary.
Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
Term life insurance can be contrasted to
permanent life insurance such as whole life, universal life, and variable universal life, which guarantee coverage at fixed premiums for the lifetime of the covered individual unless the policy is allowed to lapse due to failure to pay premiums.
Term insurance is not generally used for estate planning needs or charitable giving strategies but is used for pure income replacement needs for an individual.
Term insurance functions in a manner similar to most other types of insurance in that it satisfies claims against what is insured if the premiums are up to date and the contract has not expired and does not provide for a return of premium dollars if no claims are filed. As an example, auto insurance will satisfy claims against the insured in the event of an accident and a homeowner policy will satisfy claims against the home if it is damaged or destroyed, for example, by fire. Whether or not these events will occur is uncertain. If the policyholder discontinues coverage because he or she has sold the insured car or home, the insurance company will not refund the full premium
Whole Life Insurance
Whole life insurance, also known as traditional life insurance, provides permanent death benefit coverage for the life of the insured. In addition to paying a death benefit, whole life insurance also contains a savings component in which cash value may accumulate. Interest accrues at a fixed rate and on a tax-deferred basis.
Whole life insurance policies are one type of permanent life insurance. Universal life, indexed universal life, and variable universal life are others. Whole life insurance is the original life insurance policy, but whole life does not equal permanent life insurance as there are many types of permanent life.
Whole Life Insurance
What it is and why it may be your best choice
Guaranteed death benefit protection:
Your beneficiary or beneficiaries receive the death benefit amount of your policy when you pass away at any age and even more in some instances.
Guaranteed permanent coverage:
As long as you pay the planned premiums on time, your protection will last your entire lifetime.
Guaranteed premiums:
Guaranteed cash value:
Tax benefits:
Premiums set at the start of the policy can never increase. Even better, they can decrease or even stop based on certain conditions
In addition to the death benefit, you also accumulate cash value in your policy that may be used to take a loan
Your policy’s death benefit is typically exempt from state and federal income taxes and your cash value grows tax deferred.
Index Universal Life Insurance
Index Universal Life Insurance
provides more than just permanent
life insurance protection, it offers
choice and flexibility.
With the added benefit of savings like
a feature called cash value, you
can choose to link to a market index
or earn a guaranteed interest rate,
Index Universal life insurance gives you peace
of mind and the opportunity to build
a nest egg.
What Index Universal life Insurance is
and why it may be the best option
Death benefit protection
Your beneficiary
or beneficiaries receive the death benefit
amount of your policy if you pass away
Permanent coverage:
Your coverage can
last a lifetime, as long as you continue to
make sufficient payments.
Built-in flexibility
An asset you can borrow against
Tax benefits:
You can increase or
decrease your benefit to meet your
changing financial needs, as well as adjust
your premium payments to work within your
budget so long as sufficient payments are
made to keep coverage in force. And you can
do this now or in the future.
Cash value
can be borrowed or withdrawn if
you ever need it.
Your policy’s death benefit is typically exempt from state and federal income taxes and your cash value grows tax deferred.
Permanent life insurance with higher potential
Index Universal Life insurance offers:
Ability to build cash value
Your coverage can last a lifetime, as long as you continue to make sufficient payments.
Option 1:
You can choose to invest in an
indexed account that is linked to the market
performance of the S&P 500®.2 The upside
potential makes this an attractive option.
And, if the markets don’t perform well,
a built-in annual floor provides downside
protection.
Option 2:
You can choose a fixed account
that provides a guaranteed annual return on
your cash value or
Option 3:
you can choose a combination
of both
The first and only life insurance designed for people living with type 1 and type 2 diabetes
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