We Find the Best Life Insurance for You

Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance…the list and combinations seem endless. Do you know which life insurance policy type is right for you? At Northeast Financial Group we can help. Our dedicated team of life insurance professionals understands Connecticut’s market and regulations and can find the right plan – or mixture of plans – for your specific needs.

Term Life Insurance Basics:

  • Coverage for a “term” or period of your life.
  • Lower premiums for higher coverage.
  • Rates can change after specific terms expire.
  • No equity – cannot be used as cash value.

Whole Life Insurance Basics:

  • Exactly like it says – permanent, not for a specific period.
  • Protection carries with you your whole life.
  • Can build equity and have cash value.
  • Higher premiums than term life, but can be more valuable in the long run.

Term and Whole Life Combined:

  • Build lifelong base of whole live coverage.
  • Supplement specific times of your life with term insurance.

When to choose term life?

Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it might make sense to have a term life policy to cover the mortgage and living needs until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.

When to choose whole life?

Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Many times whole life policies will pay dividends – although not always.

With so many options many people find themselves overwhelmed when they receive life insurance quotes. Let one of our life insurance professionals put together the right life insurance quote for you. Contact Northeast Financial Group today for more information and get a free CT life insurance quote!


 Personal Insurance Coverage for Different Needs

On the right sidebar of this page, you will find links to a number of personal insurance resources.  Click on any of the different personal insurance coverage categories to learn more about specific insurance issues and coverages.   Please call one of our insurance agents at Northeast Financial Group for any assistance.

Ed Rando

About 

Edward W. Rando, LUTCF, is the President of Northeast Financial Group.
He is a Registered Representative with Ameritas Investment Corp/Licensed Insurance Professional and has been providing insurance solutions and financial strategies for individuals, families and small businesses since 1989.

Ed's philosophy of providing multiple lines of insurance and investment products to his clients has allowed his practice to grow and prosper over the years. He began his financial career in 1989 with Prudential Insurance & Financial Services. In 1994 he founded Northeast Financial Group, LLC, a family owned insurance and financial services company.

Northeast Financial Group has locations at 194 Boston Post Road in East Lyme, CT & 606 West Main Street in Norwich, CT. Recently the third location was opened at 172A Boston Post Road in East Lyme, CT to serve all of your retirement, investment and life insurance needs. Ed is responsible for all aspects of life insurance and investment planning within the practice.