Insurance Protection For Life.
Life Insurance
Life Insurance pays a lump sum tax free benefit to the named beneficiaries upon the death of the Insured. This coverage provides peace of mind in knowing that the death of the insured will not cause any undue financial hardship. As independent insurance brokers, we do a survey of he entire marketplace prior to making any recommendations.This gives you great confidence in knowing that you have the best possible coverage at the best possible price. Savings realized from proper insurance planning can be used to supplement other savings goals related to your financial plan.
Life Insurance Proceeds are commonly used to
- Pay final expenses and debts
- Replace the Insured's income for their dependents
- Settle a tax liability on an estate
- Pass on an inheritance in a tax efficient manner
- Shelter investment growth from taxation
Life Insurance is generally broken down into two categories:
Term Life Insurance
A fantastic product to cover a temporary need such as a mortgage liability, dependent liability or the extended sale of a business. Alternatively term insurance is a great option for those looking to cover a permanent need on a temporary basis but lack the cash flow at this particular stage in life to afford a permanent coverage.
Permanent Life Insurance
The cost of permanent insurance is higher than term in the beginning, however over time permanent insurance is a far more cost effective proposition. There is an attractive tax sheltered investment component available in a permanent insurance policy that is absent in term insurance. Permanent Insurance is a valuable tool commonly used in estate planning, succession planning and funding shareholder obligations.
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