Life insurance contracts are typically utilized to provide a tax-free benefit upon the death of the life insured. Life insurance provides money when it’s needed most, in order to protect your spouse, loved ones and estate. Some personal life insurance policies can also offer you access to funding during your life. This cash can be used to buy a home or educate your children, or supplement your retirement income.

What is Life Insurance?
Life insurance is a contract with an insurer that promises a set amount of money will be provided for your beneficiary or your estate upon your death.

The premium charged for this coverage depends upon many factors including the policy you choose, your age, sex and health, and the amount of death benefit you require. The appropriate amounts of coverage, along with the type of policy applied for is best determined by meeting with a qualified financial planner or insurance advisor. Be sure that the advisor you select is able to offer you coverage from a wide variety of insurance companies, as premiums can vary widely between carriers.

Why Do You Need It?
Life insurance can provide you with peace of mind knowing that, if something should happen to you, your family can continue to live in their world without being burdened with debt or financial worry.

Life insurance can also be used in a business situation. Partners, shareholders, and key people often carry life insurance so that the business can survive the death of a key individual.

Choosing the Right Policy
With the wide assortment of insurance policies on the market, finding the plan that is right for you can be a confusing process. We are experienced financial advisors with the Chartered Life Underwriter (C.L.U.) and Certified Financial Planner (C.F.P.) designations. One of our specialties is life insurance. Let us help you with your life insurance needs.