Your most important asset is the ability to provide financial security for you and your family; therefore life insurance is an essential part of your financial planning process. The amount of insurance an individual may require can vary on who depends on your income or your amount of debt. Another feature of life insurance is that death benefits are not subject to federal income taxes and if set up properly, it can be estate tax free when desired. Whether you need term or permanent protection, fixed or variable return, fixed or adjustable premiums, individual or joint coverage, there is a policy that can meet your needs.

Covers you for as long as you live and your premiums are paid. The policy pays the face death benefit amount upon death. You may borrow against the cash value of your whole life insurance policy, this is done by taking a policy loan, nterest applies. Any loan, and interest of the loan not paid back, will be deducted from the benefit of the policy upon death of the insured.

Covers you for a “term” (pre-determined amount of time) and pays a death benefit only if you die during the term. Most term insurance policies can be renewed annually until you reach the end of a specific period. It generally provides the largest insurance protection for your premium dollars. It does not build up in cash value.

Insurance policies offers term life insurance with premiums that remain level for a certain number of years, i.e. 10, 15, or 20 years.

Lets you vary your premium payment. The benefits of this type of insurance is the flexibility to change the death benefit amount, higher interest rates credited to the policy, and flexibility to increase or decrease the face amount of the insurance policy. Universal life is a combination of a term life insurance policy and a savings account that is earning interest.

A type of life insurance where the death benefits are determined by the return on the investment portion of the insurance contract. All proposals should include a prospectus.