Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. Life insurance can also provide benefits while you are living.
1. Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 ½. Consult a tax advisor on your specific situation.
2. Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.
Ben Brown Insurance compares quotes with top carriers ensuring you get the best protection at the most affordable prices.
The amount of life insurance you select should be dependent on your personal and financial needs. We can assist you in determining an appropriate coverage amount and help you decide on which type of life insurance is right for you.
Generally, you should consider life insurance if you have:
Life Changes — So Should Your Policy
There are several different types of life insurance products available. The most common include: