Life insurance offers financial protection for your family and loved ones when you die. Some policies also accumulate cash value, offering a living benefit that can be used for supplemental retirement income, funding for a child’s education or cash for unexpected emergencies.

What are the different types of life insurance?
There are many types of life insurance policies that offer a variety of features and benefits. The basic principle of a life insurance policy is that it pays your designated loved ones a specified amount of money should you die.

Term Life is basic life insurance with no investment accounts attached. This is life coverage that lasts for a set period of time provided that the monthly premiums are paid. This is the typical life insurance policy offered by a company to its employees.

Universal Life combines term insurance with an investment account similar to a money market account that pays a fluctuating rate of return.

Variable Life insurance policies offer an investment fund tied to a stock or bond mutual-fund investment.

Whole Life policies offer a life insurance option that pays a fixed amount to your beneficiaries upon your passing, while a part of the paid monthly premium goes toward building an accessible cash value that can be borrowed in the case of emergency or unforeseen accidents.

If you have loved ones who rely on you for their financial well-being, life insurance can help to ensure that their financial future is secure. Give us a call to see what a customized policy could look like for you!

Any questions?

What is Survivorship Life Insurance?
Survivorship Life Insurance covers the lives of two individuals (typically spouses) under one policy. It pays a death benefit to your named beneficiaries after both insureds have died. The cost for this policy is usually lower than the cost of two individual policies.

Can you guarantee returns on the life insurance investment policies?
No, unfortunately we cannot guarantee the return on any financial investments you choose to make. However, we are trained to financially advise you on the best ways to use your funds to achieve the retirement and legacy for your family that you imagine.

If I borrow against a life insurance policy, do I need to pay a lot of additional taxes on the money I need to access?
A life insurance policy builds tax-deferred cash value each year that you keep it active, and you can borrow against the cash accumulation fund without being taxed. Contact someone on our team to discuss the additional benefits of life insurance for your employees.

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