In the event of death, life insurance offers surviving family members increased financial security. As a tax-free lump sum payment, it can pay for final expenses and debts, as well as provide income for the deceased’s dependents.
The advantages of life insurance include:
-An instant estate for your loved ones at a time when funds are most needed
-Death benefits that are almost always non-taxable for named beneficiaries
-Avoid probate costs if you name a beneficiary other than your estate
-Build tax-advantaged capital for retirement purposes or provide liquid savings through some permanent life insurance plans
We can help you select coverage from a variety of life insurance options to meet the needs identified in your financial security plan.
Life insurance can play a vital role in your financial security plan - contact us today to find out how.