>>back to home
LIFE INSURANCE
Life insurance is a crucial step in planning for your and your
family's future. It can fulfill promises and obligations to your
family if you are no longer living.
- The death benefit is income-tax free and can be used to cover
funeral expenses, repay debt, provide education, pay estate taxes
or any other expenses your survivors may incur.
- Life insurance may also be used to help ensure that a family
business will pass to your intended survivor.
There are also benefits to certain types of life insurance policies
during your lifetime.
- The cash-value growth of a permanent policy is tax-deferred. You
do not pay taxes on the cash value increases while inside the
policy.
- The cash value earned and borrowed from a permanent life
insurance policy can be used to help with emergency expenses,
college costs or retirement income. Policy loans reduce cash
values and death benefits and may be subject to other
charges outlined in the policy.
Your need for life insurance is dependent on your personal and
financial needs and goals. As your life changes, your life insurance
coverage may need to be updated to adapt to your new needs. We offer a
wide variety of coverages to provide what is right for you, now and in
the future.
- Term Life Insurance provides protection for a specified
period of time. Initially the cost is low for this type of
coverage, but premiums will increase as you age. However, these
policies may be easily convertible to permanent coverage.
- Permanent Life Insurance consists of a variety of
coverages from fully guaranteed premiums, values and death
benefits to complete flexibility of premiums, interest rates, and
death benefits options.
|
