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 Life Insurance provides your loved ones

• • 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.


• • Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Advantages of Living Benefits

• • The cash value growth of a permanent life insurance policy is tax-deferred, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.


• • Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses,

Types of Life Insurance

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

• • Term insurance 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 30-year period (level term). Furthermore, term insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.



• • Permanent life insurance is characterized by the ability to continue coverage throughout a person's lifetime, provided premiums are paid a specified in the policy. The higher premiums paid into a permanent life insurance plan can build a cash value. This cash value earns an adjustable interest rate which is usually guaranteed not to fall below a minimum rate. Some permanent life plans can provide a great deal of flexibility to meet your needs at various life stages.

How much coverage do you need?

The amount of life insurance you select is dependent on your personal and financial needs. To determine the amount of coverage you need, we recommend first determining what monthly income your loved ones would need to meet their financial obligations. The amount of money needed to produce this monthly income is the amount of life insurance you need. We would like to assist you in determining an appropriate coverage amount and deciding on which type of life insurance is right for you.