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Life
Insurance
Why
You Need Life Insurance
Buying life insurance is one of the best
ways to protect your family against financial hardships.
Unfortunately, many people don’t realize the
importance that adequate life insurance coverage plays
in a family’s financial well being. Talk with
a us about your life insurance needs so you can protect
your family’s future.
Did
you know that life insurance can:
- Clear
financial obligations in case of death
- Ensure
that mortgage payments are met
- Guarantee
a fixed income for a surviving parent with young
children
- Solve
certain tax problems
- Provide
a method for a closed corporation to liquidate stockholder
interests
- Fund
a business buy-sell agreement
- Provide
children with college education
- Plus,
many other benefits
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Whole
Life Insurance is a stable insurance program
with guaranteed death benefits, tax-deferred cash
accumulation and the flexibility to meet a wide range
of financial goals. Whole life insurance guarantees
that your premiums will never increase, your death
benefits will not decrease and your coverage won't
expire regardless of your age or health. This policy
increases in value as cash accumulates. And, unlike
other types of whole life insurance, this policy can
pay dividends.
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Understanding
Life Insurance
Universal
Life Insurance is a permanent life
insurance program that provides flexible premiums
and an option of two adjustable death benefits.
It also accumulates cash values and offers competitive
tax-deferred interest. Loans and withdrawals
are available on a tax-favored basis.
Term
Life Insurance offers low-cost protection
for a specified period of time. It is a temporary
solution to a short-term need such as a housing
loan, business expansion or large debt. This
type of policy provides large death benefits
at an initial low premium that increases as
you get older. Some term policies, however,
have an option that allows you to convert the
policy into permanent insurance up to age 70.
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