Life, income and supplemental protection
Protection designed around the life you’re building.
Explore term and permanent life insurance, indexed universal life, fixed and indexed annuities, supplemental health benefits, care coverage and disability insurance—with clear, licensed guidance centered on your priorities.
Coverage explorer
Find the type of protection you want to understand.
Each category addresses a different financial risk. Select a section to explore the purpose, important features and questions worth reviewing.
Life insurance
Help protect the people who depend on you.
Life insurance can support income replacement, final expenses, debts, education goals, business needs or legacy planning. The appropriate type and amount depend on your goals, time horizon, budget and insurability.
Term life insurance
Coverage for a selected period, often used for needs such as income replacement, mortgage protection, debts or education funding. Some policies include options to convert to permanent coverage.
What to review
- Benefit amount and policy term
- Level or changing premiums
- Renewal and conversion provisions
- Eligibility, underwriting and exclusions
Permanent life insurance
Coverage designed to remain in force when required premiums are paid and policy conditions are met. Depending on the policy, it may include guarantees and cash-value accumulation.
What to review
- Guaranteed and non-guaranteed values
- Premium schedule and policy charges
- Access to cash value
- Loans, withdrawals and surrender terms
Indexed universal life insurance
IUL provides a death benefit and potential cash value. Interest-crediting is linked in part to an external market index, but policy funds are not invested directly in the index.
What to review
- Caps, participation rates and spreads
- Guaranteed versus illustrated values
- Premium funding and policy charges
- Potential lapse risk and monitoring needs
IUL reminder: index-crediting terms may change within contract limits, and non-guaranteed illustrated values can vary. Loans and withdrawals reduce available cash value and death benefits and may cause a policy to lapse or create tax consequences.
Accumulation and income planning
Fixed and indexed annuities.
Annuities are insurance contracts designed for long-term accumulation or income. Contract values, crediting methods, income choices, liquidity provisions, riders and surrender schedules differ by carrier and product.
Fixed annuities
A fixed annuity credits interest according to contract terms and may provide options for future income. Interest-rate guarantees may apply for a stated period and can change afterward as permitted by the contract.
What to review
- Initial and renewal crediting rates
- Guaranteed minimum values
- Surrender period and free-withdrawal terms
- Income options, riders and costs
Indexed annuities
An indexed annuity credits interest using one or more formulas tied to an external index. The owner does not invest directly in that index, and credited interest may be limited by caps, participation rates or spreads.
What to review
- Crediting strategies and index periods
- Caps, participation rates and spreads
- Surrender charges and market value adjustments
- Guaranteed and non-guaranteed contract elements
Annuity reminder: annuities are long-term products. Withdrawals may be subject to surrender charges, contract adjustments and income tax; taxable distributions before age 59½ may also face a 10% additional federal tax unless an exception applies.
Supplemental health benefits
Added financial support after a covered event.
Supplemental policies typically pay a stated benefit after a covered accident, hospitalization or diagnosis. Benefits may help with deductibles, travel, household expenses or lost income, but these policies are not comprehensive medical insurance.
Accident insurance
May pay scheduled or lump-sum benefits for covered injuries, emergency care, fractures, follow-up treatment or other eligible services. Covered events and benefit amounts are defined by the policy.
Hospital indemnity insurance
May pay fixed benefits for a covered hospital admission, confinement or specified services. Payment is generally based on the policy schedule rather than the provider’s actual charge.
Cancer and heart plans
Specified-disease policies may pay benefits following a covered cancer diagnosis, heart attack, stroke or related event named in the contract. Definitions, waiting periods and recurrence provisions vary.
Critical illness insurance
May provide a lump-sum or scheduled benefit after a qualifying diagnosis such as cancer, heart attack, stroke or another condition listed in the policy. Not every diagnosis or stage is covered.
Terminal illness benefits
Some life policies include an accelerated death benefit rider that may allow access to part of the death benefit after a qualifying terminal-illness certification. Amounts accessed reduce the benefit available to beneficiaries and may involve costs or tax considerations.
Care and income protection
Prepare for care needs and interruptions to income.
Care and disability policies use specific eligibility definitions, benefit triggers, waiting periods and maximum benefit periods. Reviewing those definitions is essential because coverage varies significantly.
Long-term care insurance
May help pay for eligible home care, assisted living, adult day care or nursing-facility services after policy benefit triggers are met. Traditional and hybrid policy designs may be available.
What to review
- Activities-of-daily-living and cognitive triggers
- Elimination period and benefit period
- Daily or monthly benefit and inflation options
- Home-care and facility provisions
Short-term care insurance
May provide limited benefits for eligible home care or facility services over a shorter benefit period. It can address temporary recovery needs but is not a substitute for long-term care coverage.
What to review
- Covered settings and services
- Eligibility triggers and waiting periods
- Daily benefit and maximum duration
- Renewability, exclusions and limitations
Disability insurance
May replace part of earned income when a qualifying illness or injury prevents work. Individual short-term and long-term disability designs may define disability and covered occupations differently.
What to review
- Own-occupation or other definitions
- Benefit amount and elimination period
- Benefit duration and residual benefits
- Exclusions, limitations and offsets
Different products protect different risks.
A policy should be evaluated by its purpose, contract terms, affordability and fit—not by a headline feature alone.
A client-first review
Guidance without pressure.
Our role is to help you understand the available options and important tradeoffs. You decide whether and how to proceed.
Clarify the need
We discuss who or what you want to protect, your budget, time horizon and priorities.
Compare contract features
We review relevant guarantees, non-guaranteed elements, costs, exclusions and access to benefits.
Make an informed decision
You receive education and licensed guidance, with no obligation to apply or purchase.
Frequently asked questions
Life, annuity and supplemental coverage questions.
How much life insurance should I consider?
The amount depends on the financial responsibilities you want the policy to address, such as income replacement, debt, education, final expenses, business obligations or legacy goals. Existing assets, other coverage, affordability and the duration of the need should also be considered.
Is indexed universal life invested in the stock market?
No. IUL is life insurance, and its index-linked crediting method references an external index. Policy funds are not invested directly in the index. Crediting may be limited by caps, participation rates, spreads and other contract terms, while policy charges continue to apply.
What is the difference between a fixed and an indexed annuity?
A fixed annuity generally credits interest under rates stated or declared according to the contract. An indexed annuity uses a formula tied to an external index to determine credited interest, subject to contract limits. Neither involves direct ownership of the index.
Do supplemental policies replace health insurance?
No. Accident, hospital indemnity, cancer, heart and critical illness policies provide limited or fixed benefits for covered events. They are not comprehensive medical insurance and should not be presented as a substitute for major medical coverage.
How do long-term care benefits become available?
Policies use benefit triggers. Common triggers involve an inability to perform specified activities of daily living or a qualifying cognitive impairment, along with other contract requirements. Triggers, elimination periods and covered settings vary by policy.
What determines whether disability insurance pays a benefit?
The policy’s definition of disability, covered causes, elimination period, income documentation, occupation provisions, exclusions and other terms determine eligibility. Some policies address total disability, while others may include partial or residual benefits.
Start with a conversation
Build a protection strategy around your priorities.
Schedule a separate life, annuity or supplemental coverage review with a licensed insurance professional. There is no obligation to apply or purchase.
Important disclosures
This page is for general educational purposes and is not a complete description of any insurance policy or annuity contract, an offer, a recommendation, investment advice, legal advice or tax advice. Policy forms, riders, benefits, premiums, crediting methods, guarantees, exclusions, limitations, waiting periods, benefit triggers, underwriting requirements and availability vary by carrier, state and individual eligibility. The actual policy, rider, illustration and contract documents control.
Life insurance guarantees depend on required premiums being paid and other policy conditions being met. Cash values and non-guaranteed illustrated values may vary. Policy loans and withdrawals reduce cash value and death benefits, may cause a policy to lapse, and may create tax consequences. Indexed universal life policies are not direct investments in a market index; index credits may be limited by caps, participation rates, spreads and other terms.
Annuities are long-term insurance products. Withdrawals may be subject to surrender charges, market value adjustments, contract limitations and income tax. Taxable distributions before age 59½ may be subject to a 10% additional federal tax unless an exception applies. Annuities and life insurance products are not bank deposits, are not FDIC or SIPC insured, and are not guaranteed by any federal government agency. Guarantees are backed solely by the claims-paying ability of the issuing insurer.
Accident, hospital indemnity, cancer, heart, critical illness, short-term care and other supplemental policies provide limited or fixed benefits for covered events. They are not comprehensive medical insurance, Medicare Supplement insurance or a substitute for major medical coverage. Long-term care, short-term care and disability benefits are payable only when the policy’s definitions and eligibility requirements are met.
Solomon Health Group, LLC is an independent insurance agency. Product and carrier availability depends on licensure, carrier appointment, location, underwriting and eligibility. Life, annuity and supplemental products are not Medicare health plans and are discussed separately from Medicare sales appointments.
Before purchasing, review the carrier’s policy, illustration, outline of coverage or buyer’s guide and consult qualified legal or tax professionals when appropriate.
