Life insurance solves a problem…
… caring for loved ones, sustaining a business, buying out the interest of a deceased partner, providing tax free income at retirement and establishing a legacy. Life insurance either creates an estate or protects one. A life insurance policy transfers economic risk to a third party. Life insurance benefits are generally free of income tax liability.
Purpose of Life Insurance:
- Peace of mind
- Pay off debt
- Replace income
- Inheritance
- Pay estate taxes
- Make charitable contributions
How much life insurance do I need?
What kind of life insurance should I get?
We can help answer these questions.