Variety of Shapes and Sizes
Universal Life comes in a variety of shapes and sizes. It can function like long-term term insurance. I can offer a guaranteed Death Benefit for a guaranteed premium for whatever period of time…
Accumulate Cash Value
Whole Life is a great way to accumulate cash value for the long term. Whole life is dividend based and the returns of dividends have outperformed any policy based on a current interest rate.
Coverage at a fixed rate
Term life insurance provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires coverage at the previous rate of premiums is no longer guaranteed.
Gifting or estate tax exclusion
Under current estate planning law, everybody has a $5.25 million dollar exclusion for either gifting or estate tax exclusion. If you do not use it, it automatically transfers to the surviving spouse.
- Protect your family and your loved ones.
- Provide financial security for your family.
- Build a retirement savings for your future needs.
- Prepare for any long term care needs and expenses.
- Cover final expenses.