Ensuring Your Loved Ones’ Financial Future

Providing Lasting Security and Peace
Term Life Coverage
Provides coverage for a specific term, with a fixed premium rate
Whole Life Coverage
Offers lifetime coverage, including a savings component (cash flow)
Death Benefit Protection
Ensures that your beneficiaries are financially supported after your passing
Flexibility for Future Needs
Adjust coverage as your life circumstances change, such as adding riders
OUR APPROACH

Life Insurance to Protect Your Future With Confidence

The purpose of life insurance is to protect those you love, the investment you build, and your future. At JLA, we help you evaluate your life insurance choices and make sure that your protection strategies are in sync with your overall financial picture.

In short, life insurance in Puerto Rico is best addressed with proper planning through personalized guidance and regular follow-up reviews as your requirements change. JLA helps you and your business to provide protection now while preparing for the future.

We Bring You the Right Protection Strategies for Your Future

STEP-1

Coverage Planning

Identify the right type and amount of coverage based on your family’s needs, income replacement goals, and long-term obligations.

STEP-2

Policy Diversification

Balance different policy types to align protection, savings potential, and flexibility within your overall financial strategy.

STEP-3

Risk Evaluation

Assess health, lifestyle, and financial exposures to structure policies that provide dependable protection when it matters most.

STEP-4

Ongoing Policy Review

Monitor coverage as life evolves; updating beneficiaries, adjusting benefits, and ensuring policies remain aligned with your goals.

WHAT WE DO

We Bring You the Right Solutions, All in One Place

No matter where you are in your financial or business journey, clarity matters. At JLA Financial Planning, we provide a wide range of integrated solutions designed to support individuals, families, and businesses through every stage of decision-making. Our approach is personalized, strategic, and comprehensive; bringing together planning, protection, and guidance so every part of your financial picture works together with purpose.

Personal and Business Consultant
Personal and Business Consultant

Get certified consultants for complete personal and financial protection.

Health Insurance
Health Insurance

Explore coverage that protects you from healthcare costs.

Disability Insurance
Disability Insurance

Protect your income from sudden losses due to accidents.

Property Insurance
Property Insurance

Secure your assets from loss or damage.

Hospitalization
Hospitalization

Recover any amount of medical expenses in hospital stays.

Cancer Insurance
Cancer Insurance

Cover your cancer treatment with this ideal package.

Commercial Insurance
Commercial Insurance

Protect your business against any sort of damage.

0
Years of experience
0K
Connections
0
Happy Client

Your Future is Protected by Our Strategies

While we create a plan for you, we’ll always consider how we can protect you throughout your life. We do this by taking into account what we know about your personal/financial situation and how to achieve your ultimate goal of protecting yourself, your family, and your property over your lifetime.
MEET OUR TEAM

Our Associates

Juan Luis Aquino

MBA, CCFP, CPFC, FRC
Specialist in Retirement Income and Tax Planning

Amarilis Alicea

CCPF, CPFC
Specialized Risk Analyst

Magdalis Martinez

CCFP, CPFC
Final Expense Planning Specialist

Frequently Asked Questions

Choosing the right life insurance policy depends on your family’s specific needs, financial goals, and the level of coverage required. At JLA Financial Planning, we help clients assess their unique circumstances, so they can make informed decisions about which type of policy best fits their family’s protection and financial planning goals.

For many families, term life insurance is a popular and affordable option. Term life insurance provides coverage for a specified period, such as 10, 20, or 30 years, and pays a death benefit if the policyholder passes away within that term. It’s a great option for families looking to protect against temporary needs—such as paying off a mortgage or funding a child’s education—without committing to high premiums. It’s especially useful for families that have young children or outstanding debts but may not need lifelong coverage.

Whole life insurance, on the other hand, provides lifelong coverage with a guaranteed death benefit and a cash value component that grows over time. The premiums for whole life insurance are higher than term policies, but it can serve as both protection and an investment. This type of coverage is a good choice for families looking to build a financial legacy and leave an inheritance, as the policy can be used as a long-term savings vehicle.

For families with more complex needs, universal life insurance offers flexibility. Like whole life insurance, universal life provides a death benefit and a cash value component, but it allows policyholders to adjust their premium payments and death benefit over time. This makes universal life a great option for families who want a more adaptable plan that can evolve as their needs change over time.

At JLA, we help families choose between these options by evaluating current income, debts, future goals, and other assets to determine which life insurance policy offers the right balance of affordability, coverage, and flexibility. We guide clients in creating a strategy that not only protects their family today but also builds financial security for the future.

A life insurance policy is a powerful tool for protecting and preserving your financial legacy, ensuring that your loved ones are financially secure after your passing. At JLA Financial Planning, we emphasize the importance of using life insurance not just as a safety net but as a proactive strategy to pass wealth to the next generation.

The primary role of life insurance in legacy planning is to provide a tax-free death benefit to your beneficiaries, which can be used to cover expenses like funeral costs, estate taxes, and outstanding debts. This prevents your heirs from having to liquidate assets or take on financial burdens at a difficult time. For many families, this immediate financial relief ensures that their legacy can be preserved without disruption.

Moreover, life insurance policies—especially permanent policies like whole life or universal life insurance—can accumulate cash value over time. This cash value can be accessed during the policyholder’s lifetime, offering a potential source of funds for retirement, emergencies, or to fund educational expenses. This feature not only adds flexibility but also enhances your financial plan by allowing you to benefit from the policy while you’re still alive.

By including life insurance in Puerto Rico as part of your estate plan, you can ensure that your wealth is transferred according to your wishes, without the complexities that come with probate or other legal hurdles. It’s an effective way to ensure that future generations are provided for, while also minimizing the tax burden on your estate.

At JLA, we help clients integrate life insurance into their financial legacy planning by considering how the policy can work alongside other assets—such as real estate, investments, and retirement accounts—to maximize wealth transfer and ensure that your loved ones are taken care of for years to come.

Simply put, a well-structured life insurance policy provides lasting protection for your family’s future, ensuring your legacy is passed down without financial disruption or burden.

When selecting a life insurance policy, one of the most important factors to consider is the speed at which the insurer processes and pays out claims. At JLA Financial Planning, we understand that timely payouts are crucial, especially during the emotionally challenging period after losing a loved one. That’s why we guide clients in choosing life insurance companies that offer quick, efficient claims processing.

The fastest payout options are generally found with insurers that specialize in streamlined claims processes and have a reputation for reliability. Many top life insurance companies now offer online claims submission and direct deposit for faster payout, reducing the waiting time for beneficiaries. The key is to evaluate the company’s claims history, customer service, and reviews to understand how quickly and smoothly claims are processed.

One way to gauge an insurance company’s efficiency is by looking at its claims settlement ratio, which measures the percentage of claims paid out versus claims denied or delayed. Insurers with a higher claims settlement ratio are typically more reliable when it comes to delivering death benefits promptly.

Additionally, some life insurance companies in Puerto Rico specialize in local service, with a focus on understanding the specific needs of island residents. These companies often provide more personalized assistance, ensuring that the claims process is handled quickly and with less red tape.

At JLA, we help clients assess the best life insurance companies by considering not just coverage options and premiums, but also the reputation for claims service. We also ensure that the payout process aligns with your family’s needs, so your beneficiaries receive the benefit when they need it most.

Simply put, choosing life insurance companies that offer fast claims payouts is an essential part of ensuring that your policy provides both protection and peace of mind to your loved ones.

A life insurance calculator is a useful tool for estimating how much coverage you might need based on factors such as income, debt, future financial goals, and family size. It provides a rough estimate that can guide your decision-making, but it is important to understand its limitations. At JLA Financial Planning, we often use life insurance calculators as a starting point, but we emphasize the importance of customizing the estimate to reflect your unique needs and circumstances.

The accuracy of a life insurance calculator depends on the quality of the information you input and the assumptions built into the tool. Most calculators ask for details like your current income, outstanding debts, and future obligations, such as children’s education or a spouse’s retirement needs. Based on this data, the calculator provides an estimate of the coverage amount required to ensure your family is financially secure in the event of your passing.

However, these tools typically rely on basic assumptions that may not cover all your personal circumstances. For instance, they may not account for the specific needs of a family, such as medical expenses, long-term care for aging parents, or other custom financial considerations. Additionally, a life insurance calculator usually estimates coverage based on standard needs without considering how your current savings, investments, and other assets can offset the coverage amount needed.

While the calculator gives a good ballpark figure, it’s essential to review the estimate with a financial professional who can help you adjust it based on your long-term financial plan. At JLA, we guide clients through the process by asking critical questions that the calculator might overlook—such as the impact of future career changes, tax implications, or the integration of other insurance policies. This helps ensure that the life insurance coverage you select isn’t just a number based on generic inputs but rather a comprehensive solution that fits your goals.

In summary, while a life insurance calculator offers a helpful estimate, it’s not a one-size-fits-all solution. JLA Financial Planning helps you refine these estimates, ensuring your life insurance coverage reflects the unique needs and complexities of your life and financial objectives.

For young professionals, life insurance cost is generally lower than for older individuals, but several factors still influence the premiums you will pay for coverage. Understanding these factors can help you make informed decisions about how much coverage you need and how to find the best life insurance cost for your situation. At JLA Financial Planning, we help young professionals navigate the complexities of life insurance, ensuring that the policy selected aligns with both their financial goals and their budget.

One of the primary factors affecting life insurance cost is age. Younger individuals typically pay lower premiums because they are statistically less likely to face health issues or pass away prematurely. The younger and healthier you are, the less risky you are to insurers, which is why life insurance costs tend to be more affordable when you are just starting your career.

Another significant factor is your health. Insurance companies will often require a medical exam to assess your health risk. Young professionals in good health usually enjoy lower premiums because they present a lower risk to the insurer. However, pre-existing health conditions, such as diabetes or a family history of certain diseases, may increase premiums or limit coverage options. The healthier you are when you apply for life insurance, the more likely you are to secure a lower life insurance cost.

Your lifestyle also plays a role in determining premiums. Insurers may assess factors such as smoking, alcohol consumption, occupation, and participation in high-risk activities like extreme sports. Smokers, for example, pay much higher premiums due to the higher risk of health issues, while a safe occupation may lower your rate.

The type of policy you select also influences life insurance cost. Term life insurance is typically more affordable than permanent policies, such as whole or universal life insurance, because it provides coverage for a specific period and doesn’t accumulate cash value. Young professionals often choose term life insurance because it offers coverage at a lower cost while still providing significant financial protection for a set period—usually while they have dependents or significant financial obligations, like student loans or mortgages.

At JLA, we help young professionals navigate these factors to identify the most cost-effective life insurance options. By reviewing their goals, health, lifestyle, and coverage needs, we ensure that the policy provides adequate protection without overpaying for unnecessary features.

Simply put, young professionals enjoy lower premiums due to their age and health, but the life insurance cost can vary based on personal health, lifestyle choices, policy type, and coverage amount. JLA Financial Planning works with young professionals to find the best policy that offers reliable protection at a price that fits within their budget.

Our goal is to help you select a life insurance policy in Puerto Rico that meets your specific needs, whether you’re looking for basic coverage, more complex options, or customized solutions.

One of the key advantages of working with JLA is our personalized approach to life insurance planning. We understand that every individual’s situation is unique, which is why we offer tailored advice to help you navigate the various options available. Whether you’re a young professional just starting or a business owner with more complex needs, we take the time to understand your financial goals, family situation, and long-term plans before recommending a policy.

The first step in finding reliable life insurance is to evaluate what you need. At JLA, we provide comprehensive life insurance policy reviews in Puerto Rico reviews, ensuring that the coverage fits your specific circumstances. This can range from simple term life insurance for basic income protection to permanent policies such as whole or universal life insurance that not only offer death benefits but also build cash value over time. With the wide array of products available, making an informed decision is essential, and that’s where personalized guidance becomes invaluable.

When it comes to finding reliable life insurance companies in Puerto Rico, we guide clients to top-rated insurers that align with their specific needs. There are many life insurance companies in Puerto Rico offering different plans, from local providers with deep roots in the community to larger national companies with robust coverage options. We help you compare these companies based on their reputation, financial stability, customer service, and, most importantly, the types of policies they offer. Having a wide view of the options available ensures that you choose a company that will stand by you, especially during the claims process.

Our services go beyond merely recommending an insurer. We help clients understand the differences in life insurance policies in Puerto Rico and how they fit into broader financial and estate planning. For example, when clients have estate planning goals, we look for life insurance solutions that can provide tax advantages, build wealth over time, or offer liquidity to cover estate taxes upon death. By integrating life insurance with overall financial and retirement planning, you can ensure that your coverage aligns with other assets, such as investments or retirement savings, rather than being a disconnected expense.

For those who might be unfamiliar with the details of life insurance, we break down complex terminology and make sure that you understand the full scope of the policy you’re considering. This personalized advice helps to avoid common mistakes, like underinsuring or overinsuring, and ensures that your policy is structured to provide the financial security you need in the event of your passing. JLA Financial Planning offers ongoing support after the policy is in place, helping clients review and update their coverage as life circumstances change. Whether it’s a change in health, family dynamics, or financial goals, we ensure that your coverage evolves with you.

Simply put, securing reliable life insurance in Puerto Rico with personalized advice is about finding the right policy that fits your life and financial goals. At JLA Financial Planning, we provide tailored solutions that align with your long-term plans, working with top life insurance companies in Puerto Rico to ensure you get the coverage and service you need for peace of mind today and into the future.

Choosing life insurance in Puerto Rico for estate planning is a smart strategy to protect your legacy and ensure your loved ones are financially secure after you’re gone. At JLA Financial Planning, we work with clients to help them integrate life insurance into their estate planning process. It’s a tool that provides immediate liquidity, covers estate taxes, and helps preserve wealth for future generations.

One of the main benefits of using life insurance for estate planning is its ability to provide a tax-free death benefit. This can be crucial for those with significant assets, as it helps offset estate taxes, which can otherwise lead to the forced sale of valuable property or assets. Without adequate cash on hand, your heirs could be forced to liquidate investments, real estate, or family-owned businesses to pay estate taxes. Life insurance provides a solution by offering an immediate payout to beneficiaries, ensuring that the wealth you’ve worked hard to build stays intact.

Life insurance in Puerto Rico is particularly advantageous for residents because the local tax laws differ from mainland U.S. rules. While life insurance benefits are typically tax-free under federal law, in Puerto Rico, the proceeds can also be free from local taxes if structured properly. This makes it an effective tool for wealth transfer and estate preservation on the island, especially for those who own real estate or businesses with significant value. Moreover, Puerto Rico’s unique position in the U.S. tax system may offer additional advantages when coordinating life insurance with other estate planning elements, such as trusts and gifting strategies.

In addition, life insurance can help equalize inheritances between heirs. If you have multiple children or beneficiaries and want to ensure that all receive an equal share of your estate, life insurance can provide a financial mechanism to do so. This can be particularly helpful if certain assets—like a family business or heirloom property—are more difficult to divide.

At JLA, we guide clients through the process of integrating life insurance into their estate plan, ensuring that it complements other strategies like trusts, wills, and gifting. Whether you need coverage for estate taxes or to leave a legacy for your heirs, life insurance provides flexibility, security, and peace of mind.

Simply put, life insurance in Puerto Rico is an essential tool in estate planning, offering immediate liquidity, tax advantages, and long-term wealth preservation, all while protecting your legacy for future generations.

Life insurance riders are additional features that can be added to a basic life insurance policy to tailor it to your specific needs. At JLA Financial Planning, we help clients understand the value of life insurance riders in Puerto Rico, ensuring that they’re getting the most comprehensive coverage possible. These riders can enhance your policy and provide extra protection for both you and your family.

Some of the most common riders that can be added to life insurance policies in Puerto Rico include:

  1. Accelerated Death Benefit Rider: This rider allows the policyholder to access a portion of the death benefit early if diagnosed with a terminal illness. The funds can be used for medical expenses, long-term care, or other needs. It provides peace of mind knowing you can access money when facing a serious health crisis.
  2. Waiver of Premium Rider: If you become disabled and are unable to work, this rider waives your premium payments, ensuring your life insurance policy remains in force while you focus on recovery. This rider can be critical for those concerned about financial stability in the event of a disability.
  3. Child Term Rider: This rider provides temporary life insurance coverage for your children, giving you peace of mind that your family is protected if the unexpected happens. It’s typically an affordable way to ensure your children are covered, usually until they reach adulthood.
  4. Guaranteed Insurability Rider: This rider allows you to purchase additional life insurance coverage at a later date without needing to undergo a medical exam. This is a great option if you expect your insurance needs to grow over time or if your health changes and you want to avoid higher premiums or exclusions.
  5. Accidental Death Benefit Rider: This rider provides an additional benefit if death occurs due to an accident. This can be a valuable option for individuals with high-risk professions or lifestyles, offering extra financial protection for loved ones if death is caused by something unexpected, like an accident.

At JLA, we help clients evaluate which life insurance riders are best suited for their personal and financial goals. Depending on your situation, adding the right rider to your life insurance policy in Puerto Rico can enhance your coverage and ensure that you’re fully protected in a variety of scenarios.

Simply put, riders allow you to customize your policy to match specific needs, offering greater flexibility and peace of mind as life circumstances change.

When choosing a life insurance company in Puerto Rico, stability and reliability are paramount. At JLA Financial Planning, we work with clients to assess life insurance companies in Puerto Rico that offer the strongest financial backing, the best claims service, and a proven track record for long-term support. With so many choices in the market, selecting an insurer known for financial strength is essential.

Top-rated life insurance companies typically have high ratings from independent rating agencies like A.M. Best, Standard & Poor’s, or Moody’s, which evaluate the financial stability of insurers. We recommend partnering with companies that have consistently received high ratings in terms of claims-paying ability and overall financial strength, ensuring that they will be able to meet their obligations when you or your beneficiaries need them most.

In Puerto Rico, many life insurance companies are affiliates of larger, well-established U.S.-based carriers, offering a combination of reliability, innovation, and comprehensive coverage options. These companies often bring the added benefit of strong resources and large networks while also understanding local risks, needs, and healthcare systems. The best property insurance providers in Puerto Rico are those that have long been committed to the island and have the infrastructure to handle claims quickly and fairly.

At JLA, we help our clients navigate the life insurance market in Puerto Rico, guiding them to insurers with the best reputations and long-term stability. We ensure that the company you choose for life insurance will not only provide the coverage you need today but also stand strong for future generations.

Therefore, the best life insurance companies in Puerto Rico are those that offer the financial stability to support long-term coverage and meet your family’s needs without compromise.

When evaluating life insurance costs in Puerto Rico, it’s essential to understand the difference between term life insurance and permanent policies like whole or universal life. At JLA Financial Planning, we help clients navigate the pros and cons of each type of policy to ensure that they select coverage that fits their needs and budget.

Term life insurance is typically the most affordable option, especially for younger individuals. It provides coverage for a specified period, such as 10, 20, or 30 years, and is usually purchased for specific needs like covering a mortgage or providing income protection while children are dependent. The life insurance cost for term policies is significantly lower than that of permanent policies because there is no cash value component, and the policy only provides death benefits if the insured person passes away within the term.

In contrast, permanent life insurance policies, such as whole life or universal life, come with higher premiums. These policies provide lifelong coverage and build cash value over time, which can be accessed or borrowed against. While they offer more flexibility and long-term benefits, the cost can be much higher due to the added investment component.

When considering life insurance costs in Puerto Rico, clients should take into account their long-term financial goals. If you need affordable coverage for a set period, term life insurance is often the best option. However, if you want coverage that can grow in value and provide lifelong benefits, permanent policies may be worth the higher cost. JLA Financial Planning helps clients determine which option aligns best with their current budget and long-term plans.

Simply put, the life insurance cost for term policies is generally lower than that of permanent coverage, but permanent policies offer added benefits that may justify the higher price for those with more complex financial needs.

Business succession planning is a critical strategy for ensuring the smooth transition of ownership and management when a business owner retires, passes away, or is otherwise unable to continue running the business. At JLA Financial Planning, we work with business owners in Puerto Rico to help integrate life insurance policies into their business succession plans, offering solutions that protect both the business and its owners.

One of the key ways life insurance companies in Puerto Rico support business succession planning is through the use of key person insurance. This type of policy helps ensure that if a key executive or owner passes away unexpectedly, the business can continue operating without significant financial disruption. The death benefit can provide the necessary funds to keep the business afloat while a transition plan is put in place. This is especially important for small to medium-sized businesses in Puerto Rico, where the loss of a key individual could have a serious impact on operations.

Additionally, life insurance policies can be used in buy-sell agreements, which are a central element of business succession planning. A buy-sell agreement is a legally binding contract that outlines how a business will be sold or transferred when a triggering event occurs—such as the death or disability of an owner. In Puerto Rico, these agreements often use life insurance to fund the purchase of the deceased owner’s share of the business, ensuring that the remaining owners or designated parties can buy out the deceased owner’s interest without straining the business’s financial resources. The life insurance companies in Puerto Rico that offer buy-sell coverage typically provide policies that are structured to meet the specific needs of the business, taking into account the ownership structure and long-term goals of the company.

For businesses with multiple owners, life insurance can also provide a clear path for equalizing the inheritance among heirs. If one owner passes away, their heirs may not be interested in continuing to run the business, but the surviving owners may wish to keep the business intact. In this scenario, life insurance in Puerto Rico can fund a buyout by providing liquidity to the deceased owner’s heirs, allowing the surviving owners to maintain control without the need to liquidate company assets or take on debt.

At JLA, we understand that business succession planning goes beyond just setting up a life insurance policy. We help clients evaluate their succession goals, determine the appropriate amount of coverage, and structure the policies so they align with the business’s needs. Whether it’s a small family-owned business or a larger company with multiple shareholders, we guide clients in selecting the right life insurance products that ensure continuity, protect the business’s value, and provide peace of mind to the owners and their families.

Simply put, life insurance companies in Puerto Rico play a crucial role in business succession planning by offering key person insurance, buy-sell agreement funding, and providing liquidity for equalizing inheritances. With the right strategies in place, life insurance helps ensure a seamless transition that protects the financial interests of all parties involved, maintaining business stability and family wealth.