When people think of life insurance they typically think of term insurance: Paying a fixed premium on a monthly basis for a guarantee from an insurance company to pay a fixed amount of money to one’s beneficiaries. While everyone should have life insurance, the industry has evolved and created cutting-edge and versatile products that not only provide a death benefit, but also accumulate cash value.
Each type has its own unique characteristics and traits, but the goal for each is to provide your loved ones with a sense of financial security should you die prematurely and also accumulate as much cash value as possible for you to tap into on an income-tax-free basis. More and more people are buying cash value life insurance because of the tax efficiency it offers.
Let's find out if your plan could benefit from the tax savings and growth opportunities that modern life insurance planning can offer.
Raleigh- 8801 Fast Park Dr