Having life insurance is pivotal in planning for the future of you, your family, and your business partners. Life insurance can help you fulfill promises you’ve made your family and business partners when you are gone. Don’t leave the future of you and your loved ones to chance. Protected World Insurance Agency can help you find the right life insurance coverage for you, and help ensure that your policy continually meets your needs.
A life insurance policy may be uniquely customized to you and dependent on your personal and financial needs. As your life changes, your life insurance coverage may need to change in order to adapt to your needs of the time.
Talk with Protected World Insurance Agency about what type of life policy may be best for you. Call:
Advantages of life insurance:
Having the right life insurance is essential to planning for your present, and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.
Advantages of the life insurance death benefit:
When you pass away, your life insurance provides income tax-free money to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need. Your policy can help provide security for your business security as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.
Advantages of Living Benefits:
The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.