Life Insurance
Safeguard your family's future with the right life insurance policy.
Life insurance is a policy that provides financial support to loved ones in the event of the policyholder's passing, offering peace of mind and security for the future. Life insurance not only assures your family's financial security after you're gone but can also offer benefits and investment opportunities you can take advantage of while living. The right life insurance policy will be unique to you. As your life changes, your coverage may need to adapt to provide the necessary protection and benefits for you and your loved ones.
Advantages of the Life Insurance Death Benefit:
When you pass away, your life insurance provides income tax-free money to your named beneficiary or beneficiaries. This money can be used to cover funeral expenses, pay off debt, fund tuition, pay estate taxes, or meet virtually any financial need. Additionally, your policy can help secure your business by enabling partners to buy out the interests of a deceased partner, thus preventing forced liquidation.
Advantages of Living Benefits:
The cash value growth of a whole life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a whole life insurance policy to help with expenses, such as college tuition or the down payment on a home.
