Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. Life insurance can also provide benefits while you are living.
Advantages of the Death Benefit
Provides income tax-free money to your named beneficiary(s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind.
Advantages of Living Benefits
The cash value growth of a permanent life insurance policy is tax-deferred1, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.
1. Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 1/2. Consult a tax advisor on your specific situation.
2. Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.
Don’t leave your future and your loved ones to chance. Talk with us today to identify the best protection for you. We can help make sure your life insurance continually meets your needs.
Get a Quote
Get a quick comparative quote using our online form or call us at 415-386-2283.