LIFE INSURANCE

The Value of Life Insurance — Assessing Your Need — Types of Life Insurance

We Offer:

  • Term
  • Whole
  • Universal
  • Variable Life
  • Variable Annuity
  • Annuity (IRA)
  • Roth IRA
  • Traditional IRA
  • Simple
  • SEP
  • KEOG
  • 401K
  • Mutual Funds

The Value of 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.

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 The cash value growth of a permanent life insurance policy is tax-deferred1, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.
  • Loans2 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.

1 Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 ½. Consult a tax advisor on your specific situation.
2 Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.