A life insurance policy can help your loved ones meet financial obligations, in the event of your passing. Such financial obligations may include cost of medical care, mortgage, college tuition and other living expenses. A term life insurance policy is generally affordable and provides protection for a specific number of years.
Whole life insurance offers a combination of protection, cash value accumulation, guarantees and income tax advantages that differentiates it from many other financial products. A whole life policy that you purchase today to help protect your family may also help you enjoy a more secure and comfortable retirement many years from now.1 Consider some of the ways that whole life insurance could help you be better prepared for retirement.
Death Benefit | Affordable Coverage | Convertible
If you’re sure you want life insurance, but aren’t sure you can afford it, a term life insurance policy may be a great option. Term life is affordable and your premium payments remain the same for the amount of time that works best for you, such as 10 or 20 years. This way, you decide how long your loved ones need financial protection. And if those needs change, many term policies have the option to convert to a permanent life insurance policy.
Death Benefit | Flexible Premium | Build Account Value
Your life changes, so you need options that can help you keep up. A universal life insurance policy offers permanent life insurance with flexible premiums. This allows you to adjust the amount you pay each year – even month to month – as long as you have enough account value. You may also choose a policy with a guaranteed death benefit, which means your family is guaranteed to receive a lump sum of money in the event of your passing.
Death Benefit | Flexible Premium| Investment Options
We know that choice can make all the difference. So if you want a permanent life insurance policy that lets you make your own investment choices within your policy, consider variable universal life insurance (VUL). VUL allows flexible premium payments, allowing you to choose the amount and the frequency of your payments within certain limits. A VUL policy provides access to many different investment options, which allows you to choose options that align with your goals and tolerance for market and investment risk.
Income Protection | Retirement Protection | Customizable Coverage
You have people that depend on you financially, college tuition to cover, and mortgage payments to make. So if you rely on your income, then you should know that disability income insurance can help you protect 45 percent to 65 percent of your income should you become too sick or hurt to work.
Personal Lines3
Protect your assets from the unexpected through a variety of property and casualty personal line insurance. We can help you explore options that may be right for you. Call us today for your property & casualty insurance quote.4
A life insurance policy is an essential part of your overall financial structure. It provides you with the peace of mind to know that your loved ones, as well as your financial future, will be protected no matter what life brings your way. Contact us today to learn how a whole life insurance policy today can help supplement your retirement income in the future.
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We are Licensed to sell securities products in the following jurisdictions: CA, CT, CO, DE, DC, FL, GA, IL, IA, MA, MD, ME, MI, MS, NC, NH, NJ, NM, NY, OK, PA, SC, TN, TX, VA, WI, WA.
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