Keep Your Family’s Future Safe With The Right Life Insurance Policy.

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Whether you are planning to support your family, pay for final expenses, transfer your wealth or buy sell agreement for your business. Protect what means the most to you with life insurance.

Don’t leave the future of your loved ones to chance. Having the right life insurance is important in planning for your loved one's future. Life insurance can help you fulfill promises you’ve made to your family when you are gone.

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Life Changes — So Should Your Policy
The right life insurance policy will be unique for you and dependent on your personal and financial needs. As your life changes, your life insurance coverage may need to change in order to adapt to your current needs.

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Life Events That May Change Your Insurance Needs

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• Marriage or Divorce

• Newborn Child or Grandchild

• New or Expanded A Business

• Providing Care or Financial Assistance to a Parent

• Child or grandchild requires assistance or long-term care

• Purchased A New Home

• Planning for A Child or Grandchild’s Education

• Concerned About Retirement Income

• Refinanced Your Home Mortgage in the Past Six Months

• Received An Inheritance

• A Sizable Estate

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Common Types of Life Insurance

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Term Life Insurance

Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than whole life insurance, and is available in varying time periods with fixed premiums from a one-year (annual renewable term) to 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

 

Whole Life Insurance

Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.

 

Universal Life Insurance

Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

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Advantages of Life Insurance:

• Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.

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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 that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

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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.