More than 13 years of insuring
lives and managing risks!
aim to make your
From Insurances to
Estate Plans, we have
got you covered!
In a world of many challenges, we offer diverse solutions to get you covered in every situation!
It’s not just our advice and solutions, but also the relationships we establish with our clients that makes this journey so rewarding.
Risk management is the cornerstone of a comprehensive financial plan. It is woven into everything we do on behalf of our clients. Our aim is to identify and quantify risk exposures and provide the appropriate protection needed. Whether it is achieving an acceptable level of downside protection in your portfolio or obtaining insurance to provide liquidity for an untimely death or disability, we are here to manage your risk.
Here at First Place Financial Group, we offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into consideration their personal and financial goals, we create and implement customized plans to help entrepreneurs meet their objectives.
We provide personalized financial plans to our clients that are specific to several variables including their income, risk tolerance, family structure, and personal values. We work with each client to identify and prioritize their goals, explore different options, establish effective strategies, construct and execute a plan, and assess the performance of the plan to make adjustments as needed.
We offer some of the highest quality voluntary group insurance plans in the industry. Our team of professionals possesses an intricate knowledge of the employee benefits industry. We specialize in the creation, financial analysis and ongoing service requirements of benefits in the workplace, for both large and small firms.
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.
Why Choose Us?
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.
We offer key transformational services and innovation that brings the breadth of our experience and industry knowledge.
Get in touch
We can provide you with the economic data so you can make better decisions about your business.
Send us a message
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.