Empowering Financial Security
Welcome to Kemp Insurance and Financial Consultants, LLC, where we empower you with personalized life insurance solutions tailored to your unique needs. Our goal is to guide you towards financial security and peace of mind by providing expert advice and trustworthy guidance.
About Us
Our Commitment
At Kemp Insurance and Financial Consultants, LLC, we are dedicated to assisting individuals and families in finding affordable and easy-to-understand life insurance coverage. Our expertise in financial planning and commitment to client satisfaction sets us apart. Let us safeguard your future and protect what matters most to you.
Additional Information
Reasons to Choose Life Insurance
Protect Loved Ones
Life insurance is to help protect loved ones from the financial loss and hardship they could potentially be forced to endure in the event of a client’s untimely death, by filling in the income gap and offsetting expenses
Financial Reassurance
Life insurance can help protect clients and their loved ones from the many uncertainties in life, and help prepare them for just about any eventuality. Clients can sleep a little easier knowing that no matter what, their family will be well taken care of after they’re gone.
End of Life Expenses
Funeral costs can vary widely across the country, but typically average $8,300. These average costs do not include grave plots, monuments, markers, or things such as flowers.
Personal Accumulation
Creating a personal plan using cash value life insurance can give a client and their family tax-free1 access to the cash value of their policy at any time, for any use. It may also provide financial resources, if sufficient cash value has been accumulated, and the freedom needed to address life’s little what-ifs. A personal accumulation strategy using a cash value life insurance policy may provide a client with a flexible source of cash for things like a major purchase, a vacation fund, or an emergency fund for life’s unexpected costs
Protect a Business
Adequate preparation is necessary for business owners to facilitate a smooth transfer of ownership and ensure the business continues to operate without disruption. A life insurance death benefit can create the liquidity needed to meet day-to-day financial obligations and be a resource to buy out a deceased partner's share of the business without compromising the future of the organization.
Life insurance can also be used to cover the life of key employees whose expertise and experiential capital are paramount to the success of the business. Should that key employee pass away, the death benefit can be used to offset the financial burden incurred by the loss of the employee’s economic impact on the business until a sufficient replacement is hired or trained
Pay for College
Many types of permanent life insurance policies build cash value that can be used for any purpose, including paying for college. Policy loans and withdrawals can be used to pay for college expenses, room and board, and other needs as well.
Another benefit of using permanent life insurance to save and pay for college is that the cash value is generally excluded from certain financial aid calculations.
Cash Value Accumulation
For individuals who have already maxed out other retirement account types or are not eligible to contribute due to income limitations, a permanent life insurance policy might provide additional ways to save.
Permanent life insurance policies systematically build cash value as policy owners make premium payments into the policy, which can be accessed to supplement retirement income, through loans and withdrawals. Moreover, distributions from the cash value are generally a tax-free return of basis first, then gains, mitigating tax burden throughout retirement.
Some permanent insurance policies are eligible for dividend payments.
Estate Planning
Estates that are large enough may be subject to a hefty federal estate tax bill with a top rate of 40%. Additionally, several states assess their own estate tax or inheritance tax. While transfers to U.S. citizen spouses are usually exempt, changes in tax law at both the state and federal level, over time, should always be considered. Future legislation could reduce or even increase the estate and inheritance tax burden. In either case, life insurance can be used to generate sufficient liquidity to cover these additional costs and help create an immediate estate for a client's beneficiaries upon their death.
Life insurance passes to a client's heirs via beneficiary designation, avoiding the time, cost, headache, and public nature of the probate process. Typically, death benefits generally pass to a client's heirs free of income tax
Protect Loved Ones
Life insurance can "amplify" a gift to a client's favorite charity when they make the charity the beneficiary. A relatively small amount in the total value of premiums paid in relation to the final value transferred to the charity can translate into an extremely large and meaningful gift in the form of a death benefit, as compared to what the charity might receive through an otherwise, non-life insurance gift.
The amount the charity receives is certain, as the death benefit is generally not subject to federal or state taxes, estate settlement and administrative costs, or any other expenses.
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Coverage Options
Term Life Insurance
-Term insurance with living benefits that can provide early access to policy benefits if an insured is stricken with a qualifying chronic, critical or terminal illness, as well as non-medical face amounts
-No medical exam for up to $2 million for qualifying applicants
-Policy duration of 10-15-20-25-30 years
*AUTOMATICALLY INCLUDED
Terminal Illness ADB
Chronic Illness ADB
Critical Illness ADB
Whole Life Insurance
-Offers a level death benefit whole life plan
-4 pay period options: 10 years, 20 years, 30 years
*or pay to 100
-A fully underwritten product
-Coverage offered $25,000 - $2,000,000 and issue ages of 0-80
Final Expense
-Issue age 0-85
-Coverage offered $1000 - $50,000
-Whole life plans that offer simplified issue underwriting
Juvenile Whole Life
-Death benefit protection may not be something we want to think about for an infant or child. However, juvenile life insurance is for individuals who are:
15 days to 17 years old
-Coverage offered up to $250,000
Critical Illness Cash Benefit
-Issue ages 18 - 64
-Pays a one time lump sum benefit of up to $50,000 upon written proof of first diagnosis
-Covered illness includes:
Heart Attack
Stroke
Total Loss of Eyesight
Total Loss of Hearing
End Stage Renal Failure
Major Organ Transplant
-Monthly rates start from $3
Limited Benefit Hospital Expense
-Must have existing or pending group major medical policy
-For ages 0 - 63
-Calendar year maximum benefits up to $10,000
-Helps cover major medical deductibles, copayments, and coinsurance associated with hospital inpatient treatments
-Optional rider for additional premiums
-Monthly rates start from $6
Accident Compensation Plan
-For ages 0-63
-Choice of either lump sum accident payment up to $10,000 or hospital cash benefit
-Accidental Death benefit (pays instead of all other benefits)
-Monthly rates start from $8
$3,000 Accidental Death
-$3000 death benefit for primary insured
-$3000 for spouse
-$1000 for each child in the household
-$10 annual premium not due until the end of the first policy year
Cancer Cash Policy
Find out more about Cancer Cash Policies
Pay cash benefits up to $50,000 when you are first diagnosed with cancer.
You can take out a policy up to age 69.
No physical exam to apply, and you don't have to be admitted into the hospital to get benefits.
Coverage has to be in effect 30 days before being diagnosed.
Policy rates depend on age.
1
Approximately 39.5% of men and women will be diagnosed with cancer at some point during their lifetime.
2
It is projected that the number of new cancer cases diagnosed each year will almost double by 2030.
3
Cancer survivors were 2.7 times more likely to file for bankruptcy than individuals without a cancer history.
FAQ
Why Choose Kemp Insurance and Financial Consultants, LLC?
We offer personalized life insurance solutions tailored to your unique needs. Our expertise in financial planning ensures you receive the best guidance for your future.
How to Get Started?
Getting started is easy. Simply reach out to us for a consultation, and we will guide you through the process of selecting the right insurance policy for you, tailored to your needs and preferences.
What Makes Us Different?
Our compassionate approach and personalized consultations set us apart. We focus on building lasting relationships with our clients to ensure their long-term financial security.
What Policies Do You Offer?
We offer a comprehensive array of insurance products, including term life, whole life, and universal life insurance. Each policy is designed to meet different financial needs and goals.
How to Update Your Policy?
If you need to make changes to your policy or have any questions, our team is here to assist you. Simply reach out to us, and we will help you with any updates or modifications.
Can I Review Coverage Regularly?
Yes, we encourage our clients to review their coverage regularly to ensure it aligns with their current needs and goals. Our team is available to help you make any necessary adjustments.
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