Life Insurance

Assessing Your Need Types of Life Insurance

The Value of Life Insurance
Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. Life insurance can also provide benefits while you are living.

Advantages of the Death Benefit
• Provides income tax-free money to your named beneficiary(s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind.
• Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Advantages of Living Benefits
• The cash value growth of a permanent life insurance policy is tax-deferred¹, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.
• Loans² or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

¹Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 ½. Consult a tax advisor on your specific situation.

²Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.

We are licensed in the following States/Provinces:
Washington, Idaho, Oregon, Arizona, New Hampshire, Nebraska, Connecticut and Colorado.

GET A QUOTE

To obtain a free, no-obligation insurance quote, click below, any time night or day.

Or if you prefer to speak with an agent, just give us a call at: