As the name suggests, life insurance secures your life from financial losses, which occurred due to unexpected or premature death of the insurer. In life insurance, the insurer pays a fixed amount of money in the form of premium, to the insurance company, in return for which company promises to pay a certain sum of money to the family or legal heir of the insurer, on his death or mis-happening. The money company pays, depends upon the contract and premium
paid by insurer.
By preparing in advance, you’ll have the peace of mind that comes from knowing you’re protecting your family’s financial future. And since Life insurance benefits are generally not taxable at the federal level, your loved ones can use the benefits to help take care of their living expenses in a variety of ways.
Any needs after the time of death, such as final illness expenses, burial costs, and estate taxes.
Funds for a readjustment period, to finance a move, or to provide time for family members to find a job.
Ongoing financial needs, such as monthly bills and expenses, day care costs, college tuition or retirement.
If you’re a business owner or have business partners, it’s important to prepare for the unexpected. We offer several Life insurance products that are designed to help you, as a business owner, to make it possible for your heirs to help pay estate taxes and help sustain the business during a change in management, or to help provide funds in order to execute a buy-sell agreement between partners or stockholders.
Whether you’re new to life insurance or are reevaluating your current life insurance policy, it’s smart to stay informed. This empowers you with confidence that you have the right life insurance policy to protect your family, one that fits your needs and budget.