Representing Multiple Companies
Planning Ahead: The Role of Life Insurance in Estate Planning
Although many people view life insurance primarily as a way to replace income for dependents, it can also play a major role in estate planning. Strategic use of life insurance policies can provide lasting financial security, reduce estate taxes, and facilitate wealth transfer with minimal tax burdens. Protecting Your Loved Ones The death benefit from a life insurance policy can provide financial protection for your...
How Life Insurance Policy Payouts Work
Life insurance is a critical safety net for your loved ones, designed to provide financial support should you suddenly pass away. But how do life insurance payouts work? Understanding the process can help you feel confident that your family is protected. What Is a Life Insurance Payout? A life insurance payout, often called a death benefit, is the money paid to your beneficiaries when you...
What Happens If You Outlive Your Term Life Insurance Policy?
Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years, ensuring financial support for your loved ones should you suddenly pass away or become incapacitated. But what if you outlive your term policy? Understanding your options can help you plan for the future and ensure continued financial security for your loved ones. What is Term Life Insurance? Term life insurance...