Life Insurance - Protect what matters most.

The time to think about it is before you need it.

Life Insurance is essential to ensure the needs of your family are met in the case of your death.  The money your beneficiaries receive -  the death benefit - is Income tax free & can be used for Medical Bills, Funeral Expenses, Outstanding Mortgage, Living Expenses, College Tuition & Retirement.

Term Life Insurance Vs. Permanent Life Insurance

Term Insurance
Term Insurance is usually the least expensive type of life insurance.  You can buy protection for a certain period of time such as 5, 10, 15, or 20 years.  If you die before the term is over, your beneficiary gets the death benefit stated in your policy.  If you live beyond the term your beneficiary gets no payment.

Term policies often allow you to extend your coverage for another term without having to get a medical check-up.

You may also be allowed to convert your policy to a permanent policy.  This flexibility allows you to decide how you want your insurance policy to work for you.  One approach is to use term as your "Starter" policy & upgrade to a permanent policy once you become more financially established.

Permanent Insurance
One main difference between Term & Permanent Life insurance is that Permanent doesn't expire, as long as the premiums are being paid, it stays with you permanently.

The other big difference is that with Permanent Life Insurance, your premiums are invested to produce returns.  This gives your policy a cash value, which usually accumulates at the guaranteed minimum interest & can be available to help fund retirement, emergencies & more.

The law also allows your cash value to grow tax deferred.  Because of this benefit, a permanent life insurance policy has become more than a protection tool for some people - its also a financial tool.

The Seven Times rule
To make sure you are adequately covered, generally you figure about seven times your annual income.

Don't put off the protection your family needs.

Call our Life Specialist today to review you Life Insurance needs.