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When does life end? Is it something that can be predicted? If your loved ones are taxed with the emotional burden of your loss, are they going to suffer financial burdens as well? Having Life Insurance in place for your loved ones may be the best way to protect them, AND your legacy…
A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.
Typically, life insurance is chosen based on the needs and goals of the owner. Term life insurance generally provides protection for a set period of time, while permanent insurance, such as whole and universal life, provides lifetime coverage. It's important to note that death benefits from all types of life insurance are generally income tax-free.
A crucial step in planning for your future and the future of your loved ones.
A crucial step in planning for your future and the future of your loved ones.
Term LIfe Insurance provides life insurance protection for a specified period of time. Term life is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
Whole Life Insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy.
Universal Life Insurance is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. The savings element, premiums and death benefit can be reviewed and altered as a policyholder’s circumstances change.
CALL US: 919-616-5027
CALL US: 919-616-5027
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