May 18, 2012
Life Insurance is a crucial step in planning for future of you and your family. It can fulfill promises and obligations to your family if you are no longer living.
Death benefits are free of income taxes and can be used to cover funeral expenses, repay debt, provide for education, pay estate taxes, or any other expenses your survivors may incur. They may provide sufficient funds to allow your family to maintain their current home and lifestyle.
Term Life Insurance is a low-cost way of obtaining maximum coverage. Protection is provided for a specified number of years and the insurance expires without value if the insured lives beyond the policy period, usually 5 to 20 years. The premium will not increase during the Guaranteed policy time period you select.
Universal Life Insurance offers great flexibility. Policyholders can determine the amount and frequency of premium payments: the more you pay, the less time you will need to pay. Premiums cover the insurance expenses along with a savings or investment component. The stated interest on the investment portion changes to reflect then current conditions.
Whole Life Insurance provides permanent protection from the date of policy issue to the date of the insured’s death, provided the premiums are paid. Premiums are set at the time of policy issue and remain level for the life of the policy.
Contact us today for more information about Life Insurance or fill out our online quote form.