Fundamental Purposes of Life Insurance
Life insurance is an exceptionally flexible and unique asset. It is
a risk management tool designed to provide security and peace of mind
to individuals, families, and businesses when unexpected circumstances
arise. Life insurance is one of the most inexpensive investments you
will ever make. No other financial vehicle can do what it does best:
provide a guaranteed amount of cash tax-free.
Potential Uses of Life Insurance
Creates an Estate: Life insurance is a unique wealth creation tool
that creates an instant estate.
Pay Death Taxes or Additional
Estate Costs: These costs can be negligible
in some instances but in others they can exceed 50 percent of an estate.
Future Living Expenses for Survivors: Life insurance can provide substantially
for the needs of surviving family members.
Pay off Debts and Loans: Insurance proceeds can be used to pay off
personal and business loans and various types of debt.
Pay off a Home Mortgage: The most significant purchase in a person's
life is his/her personal residence. Many people would like to pass their
homes to their children and loved ones mortgage free.
Protect Against the Loss of
a Key Employee: The loss of a key employee
can adversely affect a company and compromise their financial stability.
Establishing a College Fund
for Children: Life insurance proceeds
can insure that your child's education is adequately funded.
Charitable Gift: Making a financial gift to a particular charity is
a goal shared by many people.
Accelerated Death Benefits: A "terminally ill" or "chronically ill"
individual, if the IRS rules are met, can receive proceeds tax-free.
The primary advantage is that individuals can receive advances of policy
death benefits tax free and they can be used to pay for daily living
expenses.
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The National Ethics Bureau is an independent organization
that promotes consumer confidence by providing a one-stop source
to verify the business ethics of insurance and financial advisors.
We are a long time member and passed the Ethics Check System, a
series of comprehensive background checks for criminal, civil, and
business violations.
www.ethicscheck.com |
Toll Free: 1-800-381-0997 | Fx: 1-866-
879-0331 | E-mail: info@ifgins.com
 
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