Life and Health Insurance

Life insurance is 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.

. Life
· Term
· Universal
· Whole
· Health
· Disability income
· Employee benefits
· Long Term Care

Advantages of the Death Benefit

· 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insurance policy is tax-deferred*, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.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, such as college tuition or the down payment on a home.

* Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59½. Consult a tax advisor on your specific situation.

** Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.