More than 13 years of insuring
lives and managing risks!
aim to make your
From Insurances to
Estate Plans, we have
got you covered!
What we Offer
“We deeply understand the value in you reaching your goals, and helping you achieve those goals is our top priority. Be it Retirement Plans, Estate Plans or Insurance Solutions, we expect your experiences to be pleasant and joyful; we consider it your right to be happy and satisfied.”
About First Place Financial Group
FPFG is an independent financial services firm with a spectrum of expertise in risk management and wealth accumulation.
We understand the dynamics of our clients’ needs rapidly evolve in today’s world, and so we cater to this by offering client-centered services in the following domains: Insurance solutions for Loss of Life, Disabilities, Retirements and Health Care, Investments, College Savings and Estate Plans.
Client centered solutions; services specially designed to suit your needs
Whether it’s college tuition or Retirement, we have a perfect plan!
Our financial specialists ensure you get the optimum results.
We offer plans that will help you accomplish your goals
Frequently Asked Questions
These are just some of the most common questions we get asked. For anything else, please contact us – we would be delighted to help.
TERM VS. PERMANENT
Term life insurance is temporary; it provides a death benefit for a specific term, such as 10, 20, or 30 years. Unlike other types of life insurance, it does not accumulate a cash value. If the policyholder dies during that term, his or her beneficiaries receive the benefit from the policy. When the contract ends, so does the coverage.
This limited term leads to term life insurance’s main advantage: price. Generally, term life insurance costs less than permanent life insurance, especially if the purchaser is younger. This has the potential to free up funds for other household expenses.
Permanent insurance remains in place as long as the policyholder makes payments. In addition, permanent policies are designed to build up “cash value,” a cash reserve that accumulates with the policy. Typically, this cash reserve pays a modest rate of return. However, the policyholder has limited access to the funds.
Which Should I Choose?
Term life insurance can be designed to provide protection against upcoming expenses, such as putting children through college. Permanent life insurance, on the other hand, can be more useful for covering long-term financial needs, such as estate planning.
Many people find that they have a combination of short- and long-term needs. In such circumstances, it may be prudent to have both types: a basic level of permanent life insurance supplemented by a term policy. A review of your situation may help determine what type of life insurance is appropriate.
Get in touch
We can provide you with the economic data so you can make better decisions about your business.
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5775 Carmichael Parkway
MONTGOMERY, AL 36117
Do you have questions about how First Place Financial Group can help you reach your goals? Send us an email and we’ll get in touch shortly.