Life Insurance Services

The Value of Life Insurance:
Life insurance is a critical step in the process of planning for your financial future, and the future of your loved ones. Life insurance can help take care of the financial promises made to your family in the event you are no longer around. Life insurance can also provide benefits while you are living.

The Advantages of the Death Benefit:
Provides tax-free income to your beneficiaries that can be used to pay for funeral and burial expenses, mortgages, debt, tuition, or any other financial need you leave behind.

It can provide business security by enabling partners to buyout the interest of a deceased partner.

Assessing Life Insurance Needs:

The amount of life insurance you select should be dependent on your personal and financial needs. We can assist you in determining an appropriate coverage amount and help you decide on which type of life insurance is right for you.

Generally, you should consider life insurance if you have:

• A spouse
• Dependent children
• Aging parents or a physically-challenged relative who depends on you for support
• Retirement savings that is not sufficient to ensure your spouse's future financial well-being
• A sizable estate
• A business

Life Changes — So Should Your Policy

As events happen in your life, your life insurance coverage may need to change to adapt to your current needs. Some life changes that may require you to reevaluate your coverage include: marriage, divorce, a new baby, purchase of a new home and retirement.

Types of Life Insurance

There are several different types of life insurance products available. The most common include:

Term Life Insurance

Term provides life insurance 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 permanent life insurance, and is available in varying term periods with fixed premiums from a one- (annual renewable term) to 20-year period (level term). Furthermore, term insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

Whole Life Insurance

Whole life is a form of permanent life insurance that remains in force during the insured person's lifetime, provided premiums are paid as specified in the policy. Whole life insurance can build cash value.

Universal Life Insurance

Universal life is a form of permanent life insurance characterized by its flexible premiums, flexible 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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