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Why Life
Insurance?
Even though life insurance can be used in tax savings strategies
for corporations and estate preservations, the basic purpose of
life insurance is fairly simple. It is intended to compensate for
a loss of income due to the premature death of the insured.
The most common forms of life insurances are term life insurance
and universal life insurance.
Term Life Insurance:
Very simply, term plans provide guaranteed rates for a specified
period of time to give you the right level of protection for the
right period of time.
Universal Life Insurance:
Universal Life Insurance is a flexible-premium, adjustable benefit
life insurance policy that accumulates account value. The flexibility
of this policy allows you to change the amount of insurance as your
needs for insurance change. Some changes require underwriting approval.
As with all life insurance, the main purpose for buying a Universal
Life insurance policy is the death protection provided to your loved
ones at your death.
Flexibility
You decide how much life insurance you need -- and subject to certain
requirements and limitations, you can adjust the death benefit and
premium payments to fit your changing needs.
Security
You help protect your loved ones against possible financial hardship
in the event of the insured's death.
Tax-deferred growth
Effective tax planning toolFor more details on coverage, costs,
restrictions, and renewability; or to apply for coverage, please
contact us.
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