Life insurance choices are among the decisions that most affect your life, health, finances and family. Our job is to help you find a sound, informed, and affordable plan.
OSI offers the widest range of life insurance products. We partner with dozens of respected and dependable underwriters. You’ll be matched with the company that best provides the coverage and benefits you want.
You have objectives, and we have options to suit.
Term Life Insurance
Term Life Insurance is a low-cost means of maximum coverage for your family. In a term plan, protection is provided for a limited number of years. The plan expires with no value if the insured person lives beyond the policy period, usually 5 to 20 years. You can choose other policy life periods, too, including a 1-year annual renewable term.
Term plans provide for your family’s financial future with funds for:
Mortgages and other outstanding debts
A comfortable standard of living
Term insurance can provide the largest insurance protection for your premium dollar.
Premiums do not increase during the guaranteed policy time period (term) that you select, and benefits are paid only if you die during that term.
The policy is effective for as long as premiums are current, provided there are no misrepresentations on the application. The insurance coverage terminates if you discontinue your premium payments.
It’s tough to think about but imagine this situation: A fatal accident today forces your loved ones to immediately enter a period financial hardship with no clear end in sight. Besides your final expenses, the mortgage is due. Your family cannot cover their greatest monthly expense without your income. Their grief is compounded by an impending foreclosure.
Mortgage Protection Insurance is a specialized policy that will pay off that debt in the event of your loss or a debilitating illness or injury. It’s the most affordable and dependable way of assuring that your home is paid for no matter the circumstances.
Mortgage Protection Insurance is there for you, regardless of your age or the circumstances of your loss or the loss of your ability to work. Your family will never be in jeopardy of losing its home as long as you have a custom Mortgage Protection Insurance plan on your side.
No Medical Exam Life Insurance
Plans that do not require a medical examination are available from Ohio Senior Insurance. A number of top-tier carriers offer NonMed Life Insurance programs, which vary by the health status of the policy holder.
You are likely able to purchase as much as $250,000 in life insurance at a standard rate. Only a short medical questionnaire is required. No examination is needed, and you don’t need to submit your medical records. Signup is quick and very easy.
People with severely impaired health are not left out. Several OSI carriers can offer high-risk policies worth up to $25,000, and only a brief phone interview is required.
Whole Life Insurance
Whole Life Insurance features guaranteed premiums earning both an assured death benefit and certain cash value.
Whole Life policies also have the potential for dividends. This return on your investment can increase the value of the policy when the insured is living or provide your loved ones with an increased death benefit.
Universal Life Insurance
Universal Life Insurance offers you great flexibility and returns on the investment. You decide the amount and frequency of premium payments. The more you pay, the less time you will need to complete payment of the policy and the sooner you may earn dividends.
The interest earned changes with movement in interest rates and other financial market fluctuations.
Indexed Universal Life Insurance
OSI can also provide a policy that offers death benefits, potential cash value and protection against market-based losses.
Indexed Universal Life Insurance (IUL) is a type of permanent life insurance that offers two interest-crediting options:
A guaranteed fixed rate of interest
Or, interest based on the performance of an outside index, such as the S&P 500
A cap, such as 14%, is typically placed on the credited rate of interest. A minimum floor (0%) helps guard against market-based losses.