The SNS Agency is a Life Insurance Agency that specializes in educating and informing clients how to use Life Insurance Tools to create a financial roadmap to deal with the things, events and issues that happen later on in life. G Scott Wafer, the Founder of The SNS Agency has been an Insurance Professional for almost 30 years and has used different Insurance Policies and Programs to establish wealth for business owners and companies. The Life Insurance Tools that The SNS Agency uses can do the same for families and Individuals.
Our Mission
At The SNS Agency, we are dedicated to providing peace of mind by offering comprehensive life insurance coverage tailored to your unique needs.
Coverage
Crafting extraordinary events tailored to your unique vision.
Term Life Insurance
Our affordable Term Life Insurance offers a death benefit for a specified term, ensuring your loved ones' financial stability in case of any unfortunate events.
Annuities
Secure your family's future with our Annuity Programs, providing lifetime Income in Retirement as well as Death Benefits for added financial security.
Indexed Universal Life Insurance
Enjoy flexible premiums and coverage with our Indexed Universal Life Insurance, offering long-term protection, cash value growth and Tax Advantaged Retirement.
Final Expense Insurance
Ease the burden on your family during difficult times with our Final Expense Insurance, covering funeral and other end-of-life expenses.
Testimonials
Yvonne Moses
The SNS Agency helped me secure a Final Expense policy to provide peace of mind and the reassurance that my family will not have the burden of dealing with the costs after I am gone.
Gloria Samperson
Mr. Wafer was instrumental in helping me create a financial Retirement Roadmap using a combination of an IUL, Term Insurance and rolling over my 401K to an Annuity to save me money in fees and taxes later on.
John Gutfeld
I was interested in learning about life insurance and did I get an education. The SNS Agency, Mr. Wafer specifically explained how I can use an IUL to become my own bank, save on taxes and protect my principle investments. I bought policies for my whole family.
Frequently Asked Questions
Common Questions Answered for your convenience.
What is life insurance?
Life insurance is a contract between an individual and an insurance company where the insurer provides a lump-sum payment to designated beneficiaries upon the insured's death, in exchange for regular premium payments. It helps provide financial security for loved ones in the event of the policyholder's passing.
What types of life insurance policies are available?
There are several types of life insurance policies, including: Term Life Insurance: Provides coverage for a specific term (e.g., 10, 20, or 30 years) and pays out a benefit only if the insured dies during that term. Annuities: Offers lifetime income after retirement and includes a death benefits and is tax deferred. Indexed Universal Life Insurance: Flexible premium payments and death benefits with a cash value component that goes up with a specific index that earns interest. Final Expense Insurance: Provides coverage and death benefits, for the costs at the time of death, funeral and burial benefits.
How much life insurance coverage do I need?
The amount of coverage needed depends on various factors, including your financial obligations, income, number of dependents, and future financial goals. A common approach is to have coverage that is 8-10 times your annual income, but a financial advisor can help you determine a personalized amount.
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Can I change my life insurance policy after purchase?
Yes, many life insurance policies offer options to adjust coverage, add riders (additional benefits), or convert term insurance to permanent insurance. However, changes might affect your premium or coverage terms, so it’s important to review your policy and consult with your insurance agent before making changes.
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How are life insurance premiums determined?
Premiums are determined based on several factors, including your age, health, lifestyle, occupation, and the amount of coverage you choose. Insurance companies may also consider your family medical history and whether you smoke or have high-risk hobbies.
What is a beneficiary, and how do I choose one?
A beneficiary is the person or entity designated to receive the life insurance payout upon the insured’s death. You can choose anyone you wish as a beneficiary, such as a family member, friend, or charitable organization. It’s important to regularly review and update your beneficiaries to reflect changes in your life circumstances.
Are life insurance payouts taxable?
In most cases, life insurance death benefits are not subject to income tax. However, if the policy has accrued interest or if the estate is large enough to be subject to estate taxes, there could be tax implications. Consulting with a tax advisor can provide clarity based on your specific situation.
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What happens if I miss a premium payment?
If you miss a premium payment, there is usually a grace period during which you can pay the overdue amount without losing coverage. If the payment is not made within this period, the policy may lapse, meaning coverage ends, and any benefits are forfeited. Some policies offer options for reinstatement if this occurs.
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