[IMAGE: SON/DAUGHTER GRADUATING COLLEGE?]
First things first: you may need life insurance
When it comes to your family’s financial foundation, start with life insurance. The moment your first premium payment is received, you’ll have peace of mind knowing your beneficiaries will be financially protected if anything happens to you.
Facts about your death benefit
[ICON] It’s paid in a cash lump sum to your beneficiaries
[ICON] It’s generally tax-free 1
[ICON] It’s accessible in a health emergency See page 6 for details
Your policy can be structured for lifelong coverage as long as there is enough cash value to support policy charges. Or, depending on your goals, coverage can be guaranteed for a specific length of time as long as scheduled premiums are paid.
Depending on how your policy is structured, your beneficiaries may also receive an additional cash value.
1 In general, life insurance death benefits are free from federal income taxes pursuant to the IRS (IRC § 101(a)(1)). In certain situations, however, life insurance death benefits may be partially or wholly taxable. Consult your tax advisor for full details. We want this disclosure to also cover capital gains and estate/probate taxes.
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