You take steps to care for and safeguard the ones you love each day. You invest and put away money to protect your family, but even the best investments need time to grow. What if something unexpected were to happen to you along the way - an unforeseen accident, life-threatening illness or death? The life insurance death benefit gives you the opportunity to plan for the unexpected, and protect your family from financial hardship by:

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• Replacing the income lost from the death of a wage-earner

• Paying off a mortgage and other debts

• Funding your child's education

• Maintaining your standard of living

 

Grow your retirement income
Planning for retirement has become the number one financial concern for most individuals. You may put money aside in 401(k)s and IRAs, but still worry that you do not have enough savings opportunities to work towards your long-term goals. What other options are available to both help protect your family and supplement your retirement income? Life insurance may be the answer.

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Many permanent life insurance policies can be designed to provide both death benefit protection for your lifetime and the potential for cash value accumulation. Cash value is built over time through a combination of premium payments and interest - and grows on a federally tax-deferred basis. The cash value can be partially withdrawn or borrowed to help provide an additional source of retirement income.

 

Preserve your legacy
You've accomplished so much and achieved financial success. As you consider the future, you may want to protect your hard-earned wealth for the next generation - helping them realize their dreams and works towards their financial goals, once you are gone. Life insurance helps ensure that what you've worked hard to earn will be passed on to the people you care about in a tax-efficient manner - allowing you to build and preserve your family's legacy.

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Safeguard your business
You own a successful business and would like it to continue for generations. But running a small business can have its challenges. You want to make sure your company is protected against the loss of key employees whose knowledge and contributions are invaluable. You need to be able to attract, retain and reward employees in today's competitive environment. And, when you pass away or are ready to retire, you'll want to have a succession plan in place. Life insurance provides options and potential solutions to address many of these challenges.

Guarantees are based on the claims paying ability of the issuing company. Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to lapse , or affect guarantees against lapse. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax. Tax laws are subject to change and your clients should consult a tax professional.