Who Needs Life
Insurance?
Many people are unaware
of the importance of life insurance. In order to find
out if life insurance is right for you, we have provided
important resources below. Please Click a Question to
get started.
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Who should consider Life Insurance? |
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How can Life Insurance protect my family? |
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Benifits of Life Insurance |
Who Should Consider Life Insurance?
Young couples with or without families who need to
replace lost income upon a spouse's death. Those who
have others depending on them for support. Anyone with
a growing family, home mortgage to pay and future college
expenses to meet. Older, wealthy individuals, who want
to preserve their estates for future generations. Business
owners who want to insure the continuation of their
business through buy-sell agreements.
How Will Life Insurance Protect My Family?
Life insurance can be a key component in a sound financial plan. Life insurance death benefit proceeds can provide the funds your family would need to replace lost income and protect a standard of living or protect against the eroding effects of estate taxes in the event of death of a loved one.
In addition it can provide the funds your family would need to pay mortgage, education expenses, everyday living expenses, burial expenses, income taxes, and other outstanding debts and obligations. While this benefit is income tax-free to your family as the beneficiary, however it may be included in your estate for federal estate tax purposes.
