LIFE INSURANCE

Enrollment in coverage helps protects your spouse and children from the potentially devastating financial losses that could result if something happened to you. It provides financial security, helps to pay off debts, helps to pay living expenses, and helps to pay any medical or final expenses.

Life insurance provides cash when you need it most.

Your life insurance policy can deliver a specified sum of money when you need it. Upon your death, your family will receive your policy payout immediately. And that death benefit is generally not subject to federal income taxes.

Life insurance can give you lasting peace of mind in terms of the assurance that you have provided a legacy. That’s because the right coverage can offer a valuable combination of benefits so that you and your loved ones know exactly what you’re getting

Why Life Insurance is Important

Guaranteed protection
- If you have a family, a business, or others who depend on you, the life insurance benefit of a whole life policy acts as a financial safety net. When you die, your beneficiaries will receive a lump-sum payment that is guaranteed to be paid in full (provided all premiums are paid and there are no outstanding loans). It’s essential protection that you can count on to be there for your loved ones when needed.
Income replacement
- Imagine what would happen to your family if the income you provide suddenly disappeared. With Life Insurance, you can help make sure that your loved ones have the money they need to help:
  - Pay the mortgage
  - Afford childcare, health care, or other services
  - Cover tuition or other college expenses
  - Eliminate household debt
  - Preserve a family business

Tax-free benefit
- Your beneficiaries will be able to enjoy every penny you leave them. That’s because the benefit of a Life insurance policy is generally passed along federal income tax free.

Guaranteed cash value growth
- As you pay your premiums, your Life insurance policy builds cash value that is guaranteed to grow—tax deferred—and can help meet a variety of financial goals:
  - Supplement retirement income
  - Fund a child or grandchild’s education
  - Pay off a mortgage
  - Protect existing assets
  - Establish an emergency fund
Dividend potential
- One of the benefits of purchasing Life insurance is that you will be eligible to receive dividends. Although they are not guaranteed, when dividends are awarded, you can take them in cash, use them to offset your premiums, or use them to buy paid-up additional insurance that increases your coverage and cash value, use them to offset your premiums, or take them in cash.
Optional riders
- There are several ways to tailor a Life insurance policy to meet your individual needs. For an additional cost, you can use riders to purchase additional protection without further underwriting, to pay your premiums if you become disabled, to use some of your face amount to pay for chronic illnesses, or to purchase coverage for your children. Your agent can help you decide if any of these riders are right for you.