Most people associate life insurance with the end of a life, where benefits are paid to beneficiaries, after the insured dies. But it can be so much more.
In addition to the generally income-tax free death benefit, permanent life insurance offers benefits while you’re alive as well. As you pay your premiums, permanent life insurance may build cash value during the insured’s lifetime that can be used to help pay for things such as buying a home, legacy planning, educational expenses or a wedding. Best of all, this cash value generally accumulates income tax-deferred.
How permanent life insurance can help you
Permanent life insurance may help your family in two ways. You can use the cash value generally income-tax free3 for a potential loss of income, mortgage costs and educational needs, or it can help provide a generally income-tax free financial legacy for your beneficiaries. We want to help secure your family’s financial future.
Permanent life insurance benefits include:
- Cash value you can use while still alive
- The ability to put money into the policy on a generally income-tax deferred basis
- Can help provide a financial legacy for your beneficiaries that is generally income-tax free
- A variety of riders and benefits available to tailor coverage to your individual needs