Life Insurance is the best way to provide for your family
in case you die prematurely, and since this is so useful in providing continuing
support for your family, it receives favorable
tax
treatment.
There are two types of Life Insurance - Term Life & Whole Life
Term Life Insurance can be compared to renting your home, that is, there is no equity built up in the policy. If you die, the death benefit is paid to your beneficiary. In a Whole Life Policy, there is equity, referred to as a cash value, that builds up inside the policy. This cash value is the amount of premium above which is necessary to fund the death benefit. This cash value can be borrowed from the policy, and this can be a useful tool in providing some funds for retirement or education. Of course, the whole life policy typically costs more than a term life policy.
Historically, one of the drawbacks of a Term Life Policy, was the fact that the premiums increased every year as the insured became older. Today, some companies that write Term Life will guarantee the premium for a set period of time - 5, 10, 15, 20, or even 30 years. We use this type of term policy to protect your family during the period of time that you have a financial obligation under a mortgage or loan.
Have you been turned down for Life Insurance in the past? We represent a company that looks at your medical conditions in light of your life style, and compliance with your doctor's orders. Even if you have had a heart attack, or other serious medical condition, we may be able to obtain life insurance for you. Just contact me at jeanette@inscen.com
Remember, Our Mission, is to provide you with our
expertise in designing and selecting the Life Insurance coverage best
suited to your needs. We then take care of the
details, so
You Have Time for What's Really Important in Your Life!
For Information and a quote for your Life Insurance, please contact me at jeanette@inscen.com