Life Insurance
Life insurance is a key component to ensuring those you care about remain financially secure once you’ve passed. Whether you’re a business owner planning for how the business continues operations, or an individual wanting a plan for safeguarding your loved ones long term, Life insurance could be just the proactive solution you need.
personal life insurance — the gift of financial security
what is life insurance?
Life Insurance policies provide payment to pre-designated individuals (beneficiaries) following a policyowner’s death. Also known as death benefits, Life Insurance payment(s) can help with funeral costs, outstanding debts and ongoing living expenses for beneficiaries.
Benefits of Life Insurance Policies
- Choice of coverage — With a variety of coverage options, there’s flexibility to find the one that best fits your needs.
- Tax Advantages — Most policies include tax-free death benefits, meaning beneficiaries receive payouts without worrying about owing taxes on the amount received.
- Affordability — The younger and healthier you are when you secure coverage, the lower your premiums will be for long-term policies.
business owners — Life insurance for succesion plans
Our experienced team specializes in working with your business attorney to formulate business succession plans that include the right Life Insurance policies for your specific vision and business.
Benefits of Life Insurance for Business Owners
- Funding Buy-Sell Agreements – Life Insurance policies are triggered upon an owner’s death and can fund the purchase of the owner’s share from their estate.
- Hassle-Free for Loved Ones — Life Insurance ensures the owner’s surviving family is compensated fairly without burdening them with the process.