Life Insurance
Life Insurance carries a multitude of benefits and serves to fulfill one of the most basic human desires that you have...the desire to make sure that those who are left behind after you are gone can enjoy the same lifestyle that they have been accustomed to while you are with them. What you may not be aware of is that it can also be used to build wealth and supplement your retirement portfolio. In addition to maintaining the lifestyle of your heirs and dependents after you are gone, your own life and financial plan with be enhanced through the purchase of life insurance while you are alive as well.
The benefits that are paid to the person(s) you designate can be free from federal, state and estate taxes and premiums are guaranteed to never increase throughout the duration of the policy. The plan can be structured so that it is self-completing in the event of a disability, and so that benefits will increase over time to keep pace with inflation. These policies provide lifetime protection with the possibility of limited payment periods.
Some of the major benefits include
- Ability to access cash value**
- Level premiums that can be made "pre-tax" in a qualified plan
- Ability to remove the proceeds from your estate for tax purposes
- Business Deferred Compensation
- Divorce-Alimony Plans
- Estate Protection Plans
*We, nor the companies we're affiliated with or represent, do not give tax or legal advice.
Types of Life Insurance policies we offer include:
- Whole Life
- Universal Life
- Variable Life*
- Personal & Key Man
- Term Life
**The primary feature of whole life insurance is the death benefit. All whole life insurance policy guarantees are subject to the timely payment of all required premiums and the claims paying ability of the issuing insurance company. Policy loans and withdrawal affect the guarantees by reducing the policy's death benefit and cash values.
**Some whole life policies do not have cash values in the first two years of the policy and don't pay a dividend until the policy's third year. Talk to your financial representative and refer to you individual whole life policy illustration for more information. Dividends are not guaranteed. They are declared annually by Guardian's Board of Director.