Life Insurance

In its simplest form, life insurance is a financial product that pays a sum of money to a named beneficiary at the death of an insured individual. Insurance policies called "permanent" or "cash value" insurance develop cash values that have the potential to grow tax deferred, providing policy owners with a benefit they can use during their lifetime. Insurance proceeds are generally paid free from income taxes and they are not subject to probate. Thus, life insurance proceeds pass quickly and directly to the beneficiary.

Planning to meet the financial needs of your survivors is one of the most important and fundamental steps in creating a sound financial strategy for you and your family.

This step usually requires the purchase of a life insurance policy to ensure that your family's needs will continue to be met, even after your untimely death cuts your earnings potential short. Ten tips on life insurance.

First step is to ask yourself is how long do you need coverage?

If less than 10 - 15 years then Term insurance may be a good fit.

If more that 10 - 15 years then you may need to ask yourself if any of the following appeal to you, like 

1. Having lifelong insurance protection.
2. Having premiums remain constant or stable over a lifetime.
3. Having the ability to accumulate cash on a tax-deferred basis.
4. The ability to withdraw or borrow against accumulated cash.
5. Having your heirs inherit the death benefit and accumulated cash all tax free upon your death.

If any of above appeal to you then a permanent life policy may be for you and your family.

At Avolese Insurance Agency we offer both Term and Permanent Life Insurance to meet you and your family's lifelong needs. We offer Term Life Insurance in 5, 10, 15, 20, or 30 years policies. We offer permanent Life Insurance in Whole Life, Universal Life or Indexed Universal Life Insurance policies for you and your family's needs. Call us today.

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