Life Insurance Serving Riverhead, Jericho, Hicksville, Plainville, Long Island, NY, and Nationwide

Life Insurance-mother congratulating daughter at college graduationLife Insurance Coverage

What would happen if you were to be injured and could not work, or were disabled? How are you going to pay for your living expenses and long-term care? There are many unknowns that could completely change the way of living for yourself, your loved ones, and others that depend on you.

At the Washwick Agency, we represent several different types of personal insurance to give you the peace of mind you need to protect your assets, your family, and your legacy.

Affordable Life Insurance

Life Insurance is not complicated or expensive when you work with one of our licensed insurance agents. Let us explore options to protect your loved ones by offering the options found through a large life insurance agency representing many carriers.

Life insurance is often something people put off because they are afraid of the cost or don’t like to imagine the unthinkable. But we promise not only is life insurance more affordable than you think but there is also a policy that will fit in your budget. And, we will get it done as quickly as possible so you can get on with your life with the peace of mind your family is taken care of.

We are your life insurance agency for:

  • Permanent Life Insurance
  • Universal Life Insurance
  • Whole Life Insurance
  • Term Life Insurance
  • Return of Premium Term Life (with this product all the premiums are returned to you at the end of the policy term)
  • Fixed Annuities
  • Key Person Insurance
  • and more

Life Insurance Plans

Variable Universal Life Insurance

Variable Universal Life Insurance is a type of life insurance that builds a cash value. In a VUL policy, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to use is entirely up to the contract owner. The ‘variable’ component in the name refers to this ability to invest in separate accounts whose values vary—they vary because they are invested in stock and/or bond markets. The ‘universal’ component in the name refers to the flexibility the owner has in making premium payments. The premiums can vary from nothing in a given month up to maximums defined by the Internal Revenue Code for life insurance.

Universal Life Insurance

A type of permanent life insurance. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy. The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance (COI) charge, as well as any other policy charges and fees which are drawn from the cash value, even if no premium payment is made that month. Interest credited to the account is determined by the insurer, but has a contractual minimum rate of 2%. When an earnings rate is pegged to a financial index such as a stock, bond or other interest rate index, the policy is a “Equity Indexed Universal Life” contract.

Term Life Insurance

Term life insurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

Whole Life Insurance

Whole life insurance, or whole of life assurance, is a life insurance policy that remains in force for the insured’s whole life and requires (in most cases) premiums to be paid every year into the policy.


Personal Insurance from the Washwick Agency

Options include: