Frank Bucchi Insurance

06/14/2024

03/24/2024

As we approach the upcoming election, here's a reminder as to what election interference REALLY looks like.

12/11/2023

07/02/2021

Either write something worth reading or do something worth writing. Benjamin Franklin

07/01/2021

Confused about your Life Insurance & Retirement Options? Make sure to contact us today for a no cost consultation.

06/30/2021

Whole life insurance provides permanent protection for the whole of life, from the date of policy issue to the date of the insured's death, provided that premiums are paid. Premiums are set at the time of policy issue and remain level for the policy's life. Unlike term insurance, whole life combines insurance protection and savings or cash value which builds over time. Cash value build-up may provide a source for living benefits, for example, helping pay off a mortgage, or a child's education, or cash surrender value if the policy is ever canceled.

06/29/2021

Some insurers add accelerated benefits to life insurance policies for a small additional premium, usually computed as a percentage of the base premium. A growing number of companies, however, offer these benefits at no additional premium, but charge the policyholder for the option only if and when it is used. In most cases, the company will reduce the benefits advanced to the policyholder before death to compensate it for the interest it will lose on its early payout. In addition, there may also be a nominal service charge.

06/28/2021

Some types of life insurance create a cash value that, if not paid out as a death benefit, can be borrowed or withdrawn on the owner’s request. Since most people make paying their life insurance policy premiums a high priority, buying a cash-value type policy can create a kind of “forced” savings plan. Furthermore, the interest credited is tax deferred (and tax exempt if the money is paid as a death claim).

06/25/2021

Keep your face to the sunshine and you cannot see a shadow. Helen Keller

06/24/2021

With Life Insurance your Risk Classification is the step in the life insurance underwriting process in which a company assesses and classifies an applicant’s risk of mortality.

06/23/2021

A Joint First-To-Die policy is a life insurance policy that provides coverage for two people and makes payment to the survivor as soon as the first person dies. This policy is often used to cover estate tax expenses.