Life Insurance
Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. Life insurance can also provide benefits while you are living. It’s never too early to establish a life insurance policy.
Did you know?
Funeral and burial costs can cost you thousands of dollars. Health insurance will not cover these expenses in the event of a sudden death. Having the proper life insurance coverage can protect you from paying these costs out of pocket.
Recommended Coverage
We recommend you have one in place if you have:
A spouse
Dependent children
Aging parents or a physically-challenged relative who depends on you for support
Retirement savings that is not sufficient to ensure your spouse’s future financial well-being
A sizable estate
A business
Assessing Your Need
Financial Need
Financial Need
The amount of life insurance you select should be based upon your personal and financial needs. Our staff can assist you in determining an appropriate coverage amount and help you decide on which type of life insurance is right for you.
Advantages of the Death Benefit
Advantages of the Death Benefit
Provides income tax-free money to your named beneficiary(s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind.
Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.
Advantages of Living Benefits
Advantages of Living Benefits
The cash value growth of a permanent life insurance policy is tax-deferred, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.
Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.
Contact us today to discuss a custom life insurance plan.
Types of Life Insurance
Term Life Insurance
Whole Life Insurance
Universal Life Insurance
Request a Free Quote
Request a free quote today. Our team is looking forward to helping you find the best life insurance coverage to fit your needs.