Life Insurance

If someone depends on you financially, you likely need life insurance.

The proceeds of life insurance, known as the “death benefit,” can be used for any purpose, e.g. to pay final expenses, replace lost income, pay off a mortgage or other debts, fund a child’s education and more.

Some insurance products provide cash value, e.g through an investment account. Cash growth is tax deferred, and the insured can access cash value through loans or withdrawals, which is tax free in most of instances and can then be used however you’d like – add to your retirement income, pay off debts, or cover emergency expenses.

Some insurance products provide living benefits through different optional riders, for example Long-Term care, Chronic illness, Critical / Terminal illness, etc.