Life Insurance
What is life insurance?
Most people think life insurance provides financial support for your family in exchange for premium payments. It does that — and so much more. Certain types of life insurance may help take care of you while you’re still living by helping to cover expenses and replace income. It can also be useful in planning for long-term financial goals that can help you live your best life.
Depending on the policy, some of the benefits of life insurance may include:
A federal income tax-free death benefit
Tax- adavantaged income replacement potential
Flexibility through riders
What are the benefits of life insurance?
Forget everything you know about your grandparents’ life insurance. Today, life insurance does so much more than protect your loved ones if you pass away. With permanent life insurance, you can grow the policy’s cash value and use that money to help meet various financial needs throughout your life.
. Protect your loved ones
. Help pay off debt
. Help protect your business
. Help pay for college tuition
. Help you save for retirement
. Aid in estate planning
. Help with charitable planning
How much does life insurance cost?
Many factors can affect the cost of life insurance — known as your premium payment — including your age, your financial situation, and more. Get in touch with us to explore how much you may need.
What types of life insurance may be right for me?
We get it. Everyone’s situation is different — that's why we offer a variety of options designed to fit your unique life insurance coverage needs.
Types of permanent life insurance
You have financial goals beyond protecting your family and permanent life insurance may help you meet them. Permanent life insurance provides coverage for your entire life instead of a certain number of years (like term insurance does). It offers a death benefit — which is paid to your beneficiaries — and you’ll also earn interest, which is tax-deferred interest for as long as you have the policy.
Index universal life insurance (IUL)
Index universal life (IUL) insurance can be customized depending on your needs. Maybe you want to build cash value as you pay premiums over time or have additional coverage options for you and other family members all on one policy. IUL offers these benefits, and more.
Final expense life insurance
If you’re looking for a “budget-friendly” life insurance policy that can be used to help cover expenses such as funeral and burial costs, final expense life insurance may be an option worth considering.
Whole life insurance
A whole life insurance provides lifelong coverage, and your premiums stay the same for as long as you own the policy. Whole life insurance may be a good fit if you have loved ones who depend on your income, if you want to leave an inheritance, or if you want to take advantage of the opportunity to build cash value for the future.
Term Life Insurance
Many people choose term life insurance since it fits most budgets. Term life insurance provides coverage for a specific period — usually between 10 and 30 years — and typically pays a federal income tax-free death benefit to your beneficiaries if you pass away during the policy’s term.
For more than 120 years, Life Insurance has provided innovative financial solutions to help people from all walks of life reach their financial goals and live the best life possible.