The purpose of life insurance is to protect loved ones from the insured's untimely death.
The general rule of thumb for a death benefit amount is 6 to 8 times annual salary. A more accurate process for consideration is using a fact-finding approach, drawing out information for analysis & recommendations.
Common concerns for life insurance planning are debts-mortgage-income-education & final expenses.
Personal life insurance paid to a named beneficiary is not taxed as income.
The Life Insurance Buyer's Guide is a booklet written by the National Association of Insurance Commissioners for the purpose of providing consumers with information about life insurance. Come visit us for a copy!
Group life insurance is a valuable benefit for employees, generally at a modest cost and can beused by an employer as a benefit which is generally guaranteed issue with no underwriting