What is Traditional Life Insurance?

We like to focus on the contractual guarantees of traditional life insurance, which can help you have peace of mind. If you buy traditional life insurance based on the contractual benefits, you will know what to expect from your life insurance policy. Traditional life insurance includes:
 Whole Life Insurance
 Universal Life Insurance
 Term Life Insurance

High Cash Value Life Insurance

A high cash value life insurance policy is not your typical whole life or universal life insurance policy. High cash value life insurance policies have many tax advantages and strategies that are incredibly effective. However, they are not a "Get Rich Quick Scheme", and require planning and years to implement.  Permanent high cash value life insurance can be one of the best ways to accomplish:

 Creating a low-tax or tax-free retirement income.
 Leaving a legacy for your heirs.
 College funding for your children or grandchildren.
 Covering the cost of Long Term Care.

The Path to Safe Money

The wealthy research and implement strategies the middle class and poor do not. As a result, the wealthy often manage their money better than everyone else.  Because you too can finance yourself with high cash value life insurance, you can become your own bank for future major purchases like a home, car, and vacations.

Smart business owners will often use high cash value life insurance to shelter millions of dollars for their future and the future of their family. When used for retirement income, the wealthy have used it to structure a tax-free income stream.

 The cash value grows tax-deferred which can help your money grow faster.
 First money out of a typical high cash value life insurance is the money paid in and is tax-free.
 Withdrawals can switch to loans since loans are not taxed.
 When you die, the tax-free death benefit pays the loan off tax-free and pays any remaining balance going to your heirs.

Wealth must reside somewhere. You can leave it in the bank, or with an insurance company.

Other policies are available

Are you retired, living comfortably and have money set aside in the bank to give to an heir? If you are healthy you might consider Single Premium Whole Life or another permanent life insurance policy for legacy planning. We can offer a wide variety of whole life, universal life, and term insurance, from some of the best life insurance companies. Since some people have impaired health, we can even help you with a final expense life insurance policy.

When it comes to term life insurance, we can shop over 100 companies to find the best rates available. However, not everyone is healthy. Therefore, if you have a health condition(s) that need to be considered, let us look around for a policy that best meets your needs.

The Next Step

In conclusion, everyone's need is different. We will be more than happy to send you a quote or additional information, once we know what you are looking for. Please set up a phone consultation on our on-line calendar or contact us. Thank you.