You work hard to provide security and comfort for your family. When you pass away, a life insurance policy will help those you care for maintain the lifestyle they have become accustomed to. There are many types of life insurance, and some even provide personal advantages during your lifetime, but they all have some key elements in common. As the policy holder, you make payments called premiums to the insurance company. When you pass away, the insurance company pays your beneficiaries a predetermined lump sum amount, which is 100% Tax Free.
There are many excellent life insurance providers, each offering their own variations of the numerous types of policies available. Beyond all of those choices, there are many options and details to consider.
Term Insurance is inexpensive and it generally Guarantees you a set Death Benefit & Premium for a set term of years say 5,10,15,20, or 30 years.
Whole Life offers you a set Death Benefit & Premium for the life. You pay more but the rate never changes.
Universal Life Insurance offers flexibility to offer you life protection or you may pay less and have coverage for less years.
Index Universal Life Insurance can offer you Tax Free savings on interest earned and if set up correctly can provide Tax Free Income Stream for Retirement, without the age & amount of annual deposit restrictions many Retirement plans have.
The reality is no one insurance may be perfect for you. Sometimes a Blend of two types of insurance is your best solution.
Call our office to speak to a licensed adviser to help you get the best rates & best policy for you. You may also complete the form below & we will send you a personalized quote.
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Need Life Insurance for a company? Find out about all the employee benefits we can provide to your company. Some plans can be guaranteed issued and can be portable so your employees can keep the coverage they purchase. All of this with the ease of payroll deduction. These type of benefits can help Employers retain the best employees.
Many new life insurance plans can be overfunded to help you create a tax-free benefit you can use for a college fund or supplement your retirement.