Life Insurance
Protecting Your Loved Ones
Investing in and choosing a life insurance policy is one of those areas in life that most people would rather not think about…understandably so. However, it is one of if not the most important factor when it comes to long term stability and financial security for one’s loved ones, assets, and business. In fact, there are many benefits to and uses for a life insurance policy over and above the traditional death benefits most people associate with a life insurance policy.
For these reasons, being your life insurance agency is something we take very, very seriously. Our independent life insurance agents will take the time to evaluate your needs both personally and professionally and present a variety of options to fit them. We will make sure you know exactly what your policy covers, how it can be used, and how it protects you, your loved ones, and/or your business should the unthinkable happen.
The Independent Advantage
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- Multiple Coverage Options
- Multiple Pricing Options
- Package Multiple Coverages
- Local Service & Support
Common Uses For An Insurance Policy
Personal
- BUILD YOUR ESTATE.
Rest assured knowing that your life insurance investments can provide immediate liquidity at the time of your death for the satisfaction of debts accrued in life, payment of taxes or other outstanding expenses and, of course, provide income to your beneficiaries.
- PROTECT YOUR LEGACY.
Beyond naming beneficiaries, you can specifically outline how funds awarded from your life insurance policy are used after your death. For example, you can provide education funds for children and grandchildren, support an adult or child with special needs, fund plans for business continuation, and make charitable contributions.
- MAXIMIZE YOUR IMPACT.
Typically, named beneficiaries can receive the proceeds from your policy free of federal income tax and are able to directly receive the proceeds without being subject to probate.
Business
- PROTECT EMPLOYEES.
Attracting and retaining high-income earning executives requires a competitive suite of benefits, including the option of additional life insurance coverage. Offering key employees increased protection can set you apart from others in the market.
- PRESERVE YOUR BUSINESS.
This is a big one. Life insurance policies can serve as one of the key pieces of your company’s strategic plan. Should a major stake or shareholder die, for example, the death benefits from a life insurance policy can be used to purchase the deceased partner’s share from his/her estate. Or, in the event of the untimely death of a critical employee, a policy can provide the company with a benefit valued at the estimated revenue loss as a result of his/her death as well as the administration costs needed to fill the position.
- KEEP THE PEACE.
In some family-owned businesses, everyone rolls up their sleeves. In others, not so much. A life insurance policy can provide a benefit to those family members who are not involved in the day-to-day, therefore reducing conflict and maintaining productivity.
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