Insurance Planning
You take steps to care for and safeguard the ones you love each day. You invest and put away money to help your family, but even the best investments need time to grow. What if something unexpected were to happen to you along the way - an unforeseen accident, life-threatening illness or death? The life insurance death benefit can give you the opportunity to plan for the unexpected, and protect your family.
WHY LIFE INSURANCE
You take steps to care for and safeguard the ones you love each day. You invest and put away money to help your family, but even the best investments need time to grow. What if something unexpected were to happen to you along the way - an unforeseen accident, life-threatening illness or death? The life insurance death benefit can provide you with the opportunity to plan for the unexpected, and protect your family from hardship by:
- Replacing the income lost from the death of a wage-earner
- Paying off a mortgage and other debts
- Funding your child's education
- Maintaining your standard of living
Grow your retirement income
Planning for retirement is a major concern for many individuals. You may put money aside in 401(k)s and IRAs, but still worry that you do not have enough savings opportunities to work towards your long-term goals. What other options are available to help protect your family and potentially supplement your retirement income? Life insurance may be the answer.
Many permanent life insurance policies can be designed to provide both death benefit protection for your lifetime and the potential for cash value accumulation. Cash value can be built over time through a combination of premium payments and interest - and grows on a federally tax-deferred basis. The cash value can be partially withdrawn or borrowed to help provide an additional source of retirement income.
Preserve your legacy
You've accomplished so much in your pursuit of financial success. As you consider the future, you may want to protect your hard-earned assets for the next generation - helping them realize their dreams and works towards their own financial goals, once you are gone. Life insurance helps ensure that what you've worked hard to earn can be passed on to the people you care about in a tax-efficient manner - allowing you to build and preserve your family's legacy.
Safeguard your business
You own a successful business and would like it to continue for generations. But running a small business can have its challenges. You want to make sure your company is protected against the loss of key employees whose knowledge and contributions are invaluable. You need to be able to attract, retain and reward employees in today's competitive environment. And, when you pass away or are ready to retire, you'll want to have a succession plan in place. Life insurance provides options and potential solutions to address many of these challenges.
This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. Guarantees are based on the claims paying ability of the issuing company. Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to lapse , or affect guarantees against lapse. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax. Tax laws are subject to change and your clients should consult a tax professional.