We are your trusted partner
We are fully independent which means we are loyal to our clients, not the companies we represent. When you choose to work with us, you can rest assured that we will do all of the heavy lifting.
About Our Agency
Our mission is to empower our clients with the knowledge to make the best decisions for themselves, their families, and their businesses. We always put our clients first.
We review your complete financial plan
Investment professionals want to sell you investments. Insurance professionals want to sell you insurance. We want to understand your entire financial puzzle, not just one piece.
Trusted Advice
Solid Solutions
Individual Solutions
Life insurance is the foundation upon which a solid financial future is built. We represent some of the most well-known names in the industry to find the right solutions for you.
Do you have over $7,000 in unsecured debt? Credit cards? Medical bills? Student loans? Back taxes? You may qualify to work with one of our debt resolutions specialists.
Whether you just started your first job or are planning to retire after 40 years, we have the tools that can help you accumulate wealth and protect your hard earned savings.
College funding is one thing, but college planning involves: skills assessments, college applications, grant and scholarship assistance, and a host of other complex tasks which is why we partner with the Heartland Institute.
Home and auto insurance provide financial protection against unexpected events like accidents, theft, and natural disasters, ensuring that you can recover and rebuild without facing significant financial hardship.
We offer diverse dental and vision coverage to meet your budget and health needs. With online enrollment and rates based on location instead of age, you are sure to find the perfect fit.
Medicare is complicated. With an array of Medicare options and significant rate variations, we strive to simplify the process for you, and help you select the best choice.
You insure your home and your car—but your income and earning potential are more valuable than any possession. Think of disability income insurance as protection for your paycheck.
Business Solutions
Group benefits such as health, retirement, and wellness solutions, help to foster employee satisfaction, loyalty, and productivity while reducing turnover and keeping your business competitive.
Whether you're seeking general liability, workers compensation, auto, cyber security, or any other line of coverage, we are here to help you protect your business. We can tailor your coverage to make sure you're getting exactly what your business needs.
We aim to assist businesses in managing financial records, tracking expenses, and following tax rules. With our help, businesses can simplify financial tasks and make smart choices to grow and succeed.
Offer your employees a course taught by a CFEd® certified instructor. Whether your employees need help with retirement, cash flow planning, or debt management, or other important areas of financial education, we can help.
Read Our Latest Blog Posts
Term vs Permanent Life Insurance | Which Policy Should You Choose?
Term Life Insurance vs. Permanent Life Insurance: Which Is Right for You?
Life insurance is one of the most important financial tools for protecting your loved ones. But with so many policy options available, it’s easy to feel overwhelmed. Two of the most common choices are term life insurance and permanent life insurance.
Both provide financial protection, but they work very differently. Understanding the differences will help you make the right choice for your family and your budget.
What Is Term Life Insurance?
Term life insurance provides coverage for a fixed period of time, such as 10, 20, or 30 years. If you pass away during that time, your beneficiaries receive the death benefit. If you outlive the policy term, coverage ends.
Benefits of Term Life Insurance:
Affordable protection – Term life typically has the lowest premiums, making it ideal for families on a budget.
Flexible terms – Choose a coverage length that matches your financial responsibilities, like paying off a mortgage or raising children.
Simple and straightforward – Pure life insurance protection without complicated add-ons.
No cash value – Once the policy expires, there’s no savings or investment component.
👉 Best for families or individuals who need affordable coverage for a set period of time.
What Is Permanent Life Insurance?
Permanent life insurance provides lifetime coverage as long as premiums are paid. It also builds a cash value component, which makes it both an insurance policy and a financial asset. Types include whole life, universal life, and variable life insurance.
Benefits of Permanent Life Insurance:
Lifetime coverage – No matter when you pass away, your loved ones are protected.
Cash value growth – Part of your premium builds savings that grow tax-deferred and can be borrowed against.
Stable premiums – Many policies lock in your premium for life.
Wealth-building potential – Can be used as part of an estate plan or retirement strategy.
Higher cost – Permanent life is more expensive than term life, which may not fit every budget.
👉 Best for people who want lifelong protection, estate planning benefits, or a cash value component they can access.
How to Choose the Right Policy
Ask yourself these questions before deciding:
Do I need coverage for a specific period of time, like until kids are grown or a mortgage is paid off? → Term life may be the best fit.
Do I want coverage that lasts my entire life, with the added benefit of cash value growth? → Permanent life may be better.
What is my budget? → If affordability is your top concern, term life insurance usually wins.
Final Thoughts
Both term life insurance and permanent life insurance can play a key role in your financial plan. The right policy depends on your goals, budget, and how long you want coverage.
If you’re not sure which is best, talking with a trusted advisor can help you match the right type of life insurance to your family’s unique needs.
Ready to explore your options?
Get a free life insurance quote today and discover which type of coverage fits your budget and goals.
Let's work together!
Start with a complimentary financial needs analysis. This will give you a chance to meet us and to see how we can help you achieve your dream.
Our Trusted Partners
Life - Annuity - Health
Home - Auto - Business
Our Trusted Partners
Life - Annuity - Health
Home - Auto - Business
Office:
450 St. John Rd. #2039
Michigan City, IN 46361
Call or Text:
219-259-5835
Email: [email protected]
Site:
www.bairandassociates.com