Life insurance helps to create security for you and your family. Whether you want to cover debt, estate taxes, protect your business or maintain your family’s life style after you die, life insurance products are flexible enough to meet a variety of needs.

There are 2 basic types of life insurance:

Term life insurance offers affordable, easy to understand coverage. It provides protection for a fixed payment amount for a given number of years. This could be anywhere between 5 to 50 years.

Permanent life insurance unlike term does not expire. There are 2 primary types of permanent life insurance, whole life and Universal life, both offer a death benefit and cash value. The death benefit is money that’s paid to your beneficiaries when you pass away.  Cash value is a separate savings component that you may be able to access while you’re still alive. Permanent life insurance lasts from the time you buy a policy to the time you pass away, as long as you pay the required premiums.

The advantages of life insurance include:

1. Death benefits to named beneficiaries are almost always non-taxable.
2. An instant estate when funds are needed the most.
3. Probate costs can be avoided if you name a beneficiary other than your estate.
4. Life insurance may offer the potential for creditor protection.
5. Permanent life insurance allows you to build tax-advantaged cash value for retirement purposes or to provide liquid savings

Representing a number of different Insurance companies, we have access to a wide variety of life insurance options to help meet the needs identified in your financial plan. We can help you select coverage that’s right for you.