Secure your future with Bob Nix Insurance Services

Protect your lifestyle as well as the lifestyle and welfare of those who depend on you financially with life insurance and its living benefits. 

Through the national insurance marketing organizations I represent you have access to a wide range of options that will be fitted to your needs and budget: term life, indexed universal life, and participating whole life are available as your needs and desires dictate. Modern life insurance offers living benefits that you may need as you face the uncertainties of life. Whole life policies provide lifetime protection with tax advantaged cash accumulation and tax free loan options. Use our needs calculator powered by Life Happens, a professional service to agents, to estimate how much life insurance you need. Your information is not shared. Note that this is only a standard basic needs estimate. Planning for your Living Benefits portion of your policy may identify additional needs that you may want to cover.

We offer you term insurance options with simplified underwriting. 

The intended design of term life insurance is to cover needs that have a limited time period of existence: such as a mortgage, or your working years before retirement.  If you can answer a few health questions and pass the companies' electronic underwriting process that uses a combination of public information and insurance industry shared data, you will not be scheduled for a physical exam and your policy will be quickly issued. The common terms describing this process are "instant issue" and "non medical", but it is truly an underwritten policy that accepts your health and lifestyle history through a simplified electronic records check. Most people are able to avoid a paramedical exam and an attending physicians statement by using this process.

Mortgage Protection Life Insurance is a policy that is designed to pay for your mortgage should you or any other person jointly responsible for the mortgage payments not live long enough to completely fulfill this important financial obligation. The simplest way to do this is to own a term policy that will pay the remaining amount of the mortgage should the covered person pass away. However, there are other options that may better fit your specific circumstances. Coverage decisions should consider the type of property ownership involved, for example joint tenants with rights of survivorship versus joint tenants in common. There are also different ways of setting up the policy payout, such as providing for monthly payments for a few years instead of a complete payoff. Whether you just want a simple term policy or you need to look for a different option, I can help.

Final Expense Life Insurance is a small whole life policy that is intended to pay for funeral costs and other expenses associated with the end of life. These policies are designed for people who are 50 or older, and include a subset of policies for those who have chronic or qualifying terminal illnesses. Face amounts are usually between $1,500 and $35,000. Because of the liberal underwriting to allow coverage for aging  or imperfect health, the cost per thousand dollars of coverage tends to be higher than the quotes for other types of insurance that are intended for a younger and healthier client group. These policies make insurance available to people who may not otherwise qualify due to age, health.

Index universal life insurance is cash value permanent life insurance that allows you to participate in a market index of securities (like the Standard and Poors 500 Stock Index) while limiting the potential for loss. It is the most popular form of whole life insurance in today's market. This policy can become an asset in your statement of net worth. Policies can be issued with limited pay periods (20 years, or to age 65) and lifetime coverage.

Participating whole life insurance is cash value permanent life insurance that  pays dividends to you as a policy owner. This policy type offers minimum guarantees with lifetime coverage. It also offers a dividend reinvestment rider that allows you to purchase paid up life insurance to increase the policy benefit (helping to fight inflation), while also accelerating the cash value accumulation in the policy. In addition it typically pays a minimum guaranteed interest rate. This policy becomes an asset within your statement of net worth. Policies can be issued with both limited pay periods with lifetime coverage and continued cash accumulation.