Life Insurance

Life Insurance

A common question people have about life insurance is why they need it if they are going to die anyway. Although life insurance obviously doesn’t benefit you if you die, it does benefit the ones you love and who are left behind. Needs such as replacing your income so your family can maintain stability, funeral arrangements, and outstanding debts you may owe are expenses that can be covered with life insurance. If you have questions regarding what product is best for your financial situation, please schedule an appointment to have a discussion with a financial professional.

Whole Life

Like all permanent life insurance policies, whole life provides lifelong coverage and includes an investment component known as the policy’s cash value. The cash value grows slowly, tax-deferred, meaning you won’t pay taxes on its gains while they’re accumulating.

Term Life

Term life insurance provides coverage for a certain time period. It’s often called “pure life insurance” because it’s designed only to protect your dependents in case you die prematurely.
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