Life Insurance with Living Benefits

While there are two primary types of Life Insurance, Term and Whole Life, the industry has evolved over the years and now includes various types of policies. Most likely, your parents and grandparents had policies that only paid upon death, but now policies can provide money while you’re still alive to benefit from them. We specialize in policies that provide benefits while you’re living, also known as Life Insurance with Living Benefits.

 Term Policies with Living Benefits

Term life insurance is time-based, meaning you can choose a specific amount of coverage for a specific amount of time (up to 30 years.)

• Federal income tax-free death benefit

• Convertible coverage to permanent life during the conversion period

 Index Universal Life Insurance with Living Benefits

Designed to provide coverage your entire life.

• Tax-deferred earnings

• Tax-free transfers

• Tax-free withdrawals and loans (apply as long as the policy remains in force with no laps.)

• Federal income tax-free death benefit

• Guaranteed floor to protect the cash value; never worry about losing money

• A better option than traditional whole life insurance

 Call us to learn more about Life Insurance with Living Benefits and to design a custom solution that’s best for you and your family.

Let’s Talk

We would love to discuss your insurance and planning to protect you from today’s high inflation and future tax increases.