Licensed Insurance Agent · Thomas Dugan Insurance
With a background as a Deck Officer in the U.S. Merchant Marine, I bring a strong foundation of discipline, integrity, and attention to detail to my work in insurance. My maritime career taught me the importance of preparation, risk management, and making sound decisions when it matters most. Today, I apply those same principles to helping individuals and families protect what matters most to them. My goal is to build lasting relationships through personalized service, honest guidance, and insurance solutions tailored to each client's needs.
IUL is permanent life insurance with a cash value account. Part of each premium pays for the coverage, and part goes into cash value that can earn interest tied to a market index like the S&P 500, with a floor so a down year doesn't lose credited value (fees and charges still apply).
Loans accrue interest and reduce cash value and the death benefit, and cash value takes time to build. A good design depends on your age, health, budget and goals.
Final expense is a smaller whole life policy, usually $5,000 to $40,000, built to cover funeral costs, medical bills and small debts so family isn't left paying them.
Mortgage protection is life insurance sized to your home loan. If you pass away, the benefit goes to your family so they can pay off or keep paying the mortgage and stay in the home.
An annuity is a contract with an insurance company built for retirement savings and income. A fixed indexed annuity credits interest based on a market index while protecting your principal from market losses.
Thomas Dugan Insurance · Thomas Dugan, NPN 22381065. Licensed insurance agent. Insurance products, features and availability vary by state and carrier and are subject to underwriting. Not tax or legal advice. This is not a government program and is not affiliated with any government agency.