Term Insurance
Term Insurance is Life Insurance you can purchase that covers you for a limited, specific amount of time — five, ten, or twenty years, for example — at a fixed rate of payment. Should the insured die during that term, the death benefit is paid to their beneficiary. Term Insurance is often the least expensive way to purchase a substantial death benefit in a cost-effective manner.
Costs vary depending on several parameters, like age, health, and other relevant demographic information. They also vary among life insurance companies, as illustrated in the table below.
A Comprehensive Approach to Life Insurance
At Capital Formation Group, we believe that life insurance is most effective when it’s part of a comprehensive, planning-based strategy—one that supports your broader financial and estate goals. Fully-underwritten Term and Permanent life insurance solutions remain the cornerstone of our approach, offering the flexibility, longevity, and customization needed to align with each client’s long-term plan.
However, we recognize that some clients may benefit from a simpler, faster solution. Through our partnership with Valmark, we now have access to Ladder Life Insurance, a 100% digital, instant-issue term policy designed for those who need straightforward protection without the time or requirements of medical underwriting.
Ladder Life Insurance Highlights
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No medical exams or traditional underwriting for policies up to $3 million
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Instant decision and online application process
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Adjustable coverage—clients can increase or decrease coverage amounts directly online
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Available to clients ages 20–60 seeking affordable term-only protection
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Policies issued by Amica and Allianz
Ladder may be a practical option for tech-savvy individuals, new parents, or recent homebuyers who need coverage quickly and at a lower cost. While it is not convertible and does not provide the long-term planning benefits of traditional term or permanent insurance, it offers a convenient way to secure immediate protection when speed and simplicity matter most.
For more information about Ladder Life Insurance or to explore which strategy best fits your goals, please contact us!
To purchase Term Insurance from John Williams or Mikhail Veselov through Ladder Life Insurance, scroll down and click either of the buttons below their pictures.
Disclosure: All Term Insurance purchases made through clicking these buttons are made through ladderlife.com, and Ladder Life is not affiliated with Valmark Securities, Inc. or Valmark Advisers, Inc.
Disclosure: This example comparison is hypothetical and for illustrative purposes only.
Below are just a few of the term insurance-related problems we’ve been able to solve for clients. Click the silver bar for each problem to learn more about how we can solve them.
Term Insurance Solutions
Determining Adequate Coverage Amount
High net worth individuals and families often struggle to determine the right amount of coverage needed to protect their family’s financial future. We can perform a comprehensive needs analysis to verify that the Term Life Insurance coverage adequately meets your dependents’ needs in case of your untimely death.
Balancing Cost and Coverage Duration
Finding a balance between affordable premiums and the desired coverage duration can be challenging. We can can help you choose a term length that aligns with your financial obligations and goals with premiums that remain manageable within your overall budget.
Integrating with Long-Term Financial Goals
It can be difficult to make Term Life Insurance fit seamlessly into long-term financial plans and goals. We can provide guidance on how Term Life Insurance complements other financial strategies, such as retirement planning and estate planning, to create a cohesive financial plan.
Conversion Options and Flexibility
Understanding the conversion options and flexibility of Term Life Insurance policies can be confusing. We can explain these features and advise on when and how to convert term policies to permanent insurance, ensuring that you maintain coverage as your needs evolve.
Coverage Gaps and Renewal Concerns
Prospective clients often worry about coverage gaps or the high cost of renewing Term Insurance as they age. We can review existing policies, recommend strategies to avoid coverage lapses, and help explore alternatives, such as laddering policies, to maintain adequate protection over time.
Jonathan de Lande Long
Client
In my view, having advised private clients for 50 years, I believe it is only prudent to project a view of one’s financial future. John and his team provide the insight needed for such projections based on many years of experience developing both formal and informal financial plans. Indeed, CFG has the ability and expertise to follow through, if appropriate, and meet client needs for financial products as building blocks for the overall strategy being recommended.
Karen D.
Client
John Williams came highly recommended to me by my good friend and neighbor. Divorcing in my late forties, I needed to be able to trust an advisor with figuring out the best possible financial strategy for retirement. John checked all the boxes. He was extremely patient with all my questions and provided clarity with annuities and investment options. Based on my situation, John designed an investment plan that met my long-term goals. Capital Formation Group puts clients’ needs first, without question. I have no hesitation in recommending their services with complete trust and look forward to a continued relationship with them. I am grateful for their professionalism and expertise.
James Wong
Client
I reached out to Mikhail in need of financial planning with a goal of long-term security for my family. I had reached a point where self-managing wasn’t cutting it and I wanted some expertise and discipline around a current and future view of our financial landscape. Mikhail was able to understand my goals, analyze them in conjunction with our current situation and future market assumptions, and provide a summary and plan for asset allocation. Part of the plan was financial security for my family. Mikhail was able to help negotiate and advocate for me in securing a life insurance policy, resulting in a lower price and ultimately the desired security. It has been a big weight off my shoulders not having to navigate all of this on my own and finally feeling like we have a deliberate path forward. I greatly appreciate and value the partnership with Mikhail and the folks at Capital Formation Group.
Phyllis
Client
I was introduced to Mikhail Veselov when he first joined Capital Formation Group and was a little hesitant to engage him because of his newness to the industry and the company. My concerns were quickly allayed by his openly saying that he recognized his own newness and would be sure to involve others at the firm if he could not answer questions or address concerns sufficiently. He listened carefully, explained things clearly, and even offered to re-do a piece of work that he’d produced previously because of a change in the way I wanted to address my situation. This was all at a time when I was considering a major change in my lifestyle, a change with big financial ramifications. Misha’s work enabled me to move forward with that change in a confident, clear-headed way. I am very grateful and recommend him enthusiastically.
D. Barrett
Client
John Williams and Capital Formation Group have been trusted advisors of mine for years. John has extensive knowledge of the insurance industry and its products and always finds a creative way to solve complex problems. I highly recommend John and his team.
Edward D. Tarlow
President, Tarlow, Breed, Hart & Rodgers, P.C, a Boston Law firm.
As an estate planner, from time to time, I recommend insurance as a solution to solve a client’s problem. Being able to turn to John Williams for the product, which is in the client’s best interest, has allowed me to sleep nights. John has never disappointed me or my clients with an insurance product recommendation.
Disclosure: No payments were made to the above listing of clients who offered their opinions/testimonials regarding our services. These client experiences may not be representative of all clients.
Schedule a Conversation with an Advisor
62 Walnut Street
Wellesley, MA 02481
Phone: 781.237.0123
Fax: 781.237.1696
E-mail: [email protected]