Life Insurance
You want to be able to protect your family in case something were to happen to you. As a key component of a sound financial plan, life insurance provides money your family would need to replace lost income, mortgages, education expenses, income taxes, and other outstanding debts and obligations.
Who Must Consider Life Insurance?
- Young couples with or without families who need to replace lost income upon a spouse's death
- Anyone who has others depending on them for support
- Anyone with a growing family, home mortgage to pay and future college expenses to meet
- Older, wealthy individuals, who want to preserve their estates for future generations
- Business owners who want to insure the continuation of their business through buy-sell agreements.
How Can I Use Life Insurance?
- Income Replacement - Life Insurance Provides immediate cash to solve financial commitments when a major income provider passes.
- Estate Planning – Immediate cash for paying estate taxes without depleting the estate itself.
- Supplemental Retirement Income – A variable universal life insurance policy can provide death benefit protection and help supplement retirement income since the account value accumulates tax-deferred and can be accessed to provide income
- Short-Term Life Insurance Protection – Term insurance for short-term debts
- Mortgage Protection – Ensures your family can afford the mortgage and live in comfort.
What Types Of Life Insurance Are Available?
- Term Life Insurance - Covers you for only a certain period of time (a "term"), not for your entire expected life. It pays death benefits only if you die during that period. This type of policy is purchased to cover certain needs that might disappear over time such as a mortgage, car payments, or short-term debts.
- Permanent Life Insurance - Permanent insurance provides lifelong protection. As long as you pay the appropriate premiums, the death benefit will be paid. Permanent insurance also provides an opportunity to build cash values tax-deferred. These cash values may be accessed through tax-advantaged loans and withdrawals
Ask Your BenefitSource Insurance Professional
Your BenefitSource Insurance Professional can help you find the right insurance policy to meet your specific needs. Here are a few things to discuss:
- How can I determine how much life insurance I need?
- What type of life insurance policy is best for me and my budget?
- Should I consider life insurance for myself, my spouse, and my children?
- What determines the cost of life insurance?
Be Insurance Minded, work with one of our professionals to find the right combination of coverage and price. We’ll work with you to keep your insurance plan up to date with your changing needs.
To help you get the most of your Life Insurance Policy, there are two ways you can get started:
Click on the GET A QUOTE tab on the left of this page and begin your quote right away.
or
Call 1-877-215-5431 and start working with a BenefitSource Insurance Professional.
