Protect Your Loved Ones’ Future With Tax-Free Life Insurance

Why is life insurance important?

  • It ensures the fulfillment of your financial obligations. 
  • This policy ensures that your family’s standard of living remains unchanged. 
  • It covers expenses related to death.
  • It allows you to leave a legacy to your family.
  • It ensures business continuity. 
  • This complements the life insurance coverage provided by your employer, if you have one.

We offer five types of life insurance to cater to your diverse needs.

  • Term Life Insurance: Comprehensive coverage for temporary financial needs. Provides protection for your loved ones during a predetermined period while you are burdened with greater financial obligations.
  • Permanent Life Insurance: Provides lifelong coverage, safeguarding your family and ensuring your legacy.
  • Participating Life Insurance: A permanent life insurance policy that guarantees the growth of your estate. It provides financial security for your family while also offering you access to dividends.1.1 Annual participations are not guaranteed and vary annually.
  • Universal Life Insurance: A comprehensive life insurance policy coupled with a savings component. Provides lifelong coverage while simultaneously offering tax advantages for savings accumulation.
  • Specialized Life Insurance: Specialized life insurance designed to construct and safeguard your wealth. Legacy provides guaranteed permanent life insurance with exceptional short-term surrender values, an annual bonus that enables you to augment the total surrender value and death benefit, and a comprehensive array of investment alternatives.

Your Frequently Asked Questions

What if Life Insurance and how does it work?

Life insurance provides a tax-free death benefit that may include a cash surrender value, depending on the type of policy. The insured individual selects the policy type, the coverage amount, and the payment duration based on their age, sex, and health status. Upon death, the insurance benefit is distributed to the designated beneficiary.

What is Permanent Life insurance?

This life insurance policy provides a death benefit equal to the face amount in the event of the insured’s demise. It stands in contrast to term insurance, as it offers additional guarantees, including a surrender value and paid-up insurance.

What types of deaths does life insurance not cover?

Life insurance policies typically do not provide coverage for suicide within a two-year period.

Does Life Insurance pay for funeral expenses?

Although the tax-free amount cannot be used for other purposes, it can be utilized to cover funeral expenses.

What happens if someone dies shortly after getting life insurance?

The death benefit will be paid, with the exception of suicide.

Can you use your life insurance while alive?

Yes, the surrender value can be utilized at any time, although taxes may be applicable.

If you have more questions, contact me and let’s talk.

Disclaimer: Some information on this webpage might not reflect the current information set by my product partners in the insurance industry as their policies might change without prior notice. Contact me so I can provide you with the most recent information. Thank you.