Life Insurance

The last thing we want to think about is Life insurance…but the first thing that comes to our minds when we think of our loved ones is how we can protect them. Life insurance can be a part of that equation. It not only will provide a monetary benefit to your beneficiaries in the event of your death, but you can also receive specific benefits out of a policy while you’re alive and well.

With Life insurance, your beneficiaries can use the amount from the death benefit to pay for outstanding expenses, debts, and so on. They can also use it for any other financial debt that you didn’t get an opportunity to settle. And they won’t incur a tax liability on the benefit received. If you own a business, with a Life policy, the proceeds from the death benefit can be used by the partners to buy out the interests of the deceased partner and help ensure that the business continues. This is also a great way of protecting your family.

A Life policy has legs…if you have a policy that over time grows in cash value, the tax on the increased value is deferred unless, of course, you withdraw the money before maturity. If you have a permanent life policy, you can use the funds to make a down payment on a house or pay for a child’s university tuition (be aware there can be tax issues).

As a full-service insurance agency, Vreeland offers a number of Life insurance solutions that are in sync with where you are at in your life, your obligations, and your goals. We can review with you the different types of plans including:

Term Life Insurance: A good place to start when you only need the protection aspect of insurance, this type of policy costs less than a permanent policy and can be purchased for specific lengths of time. You can also covert the policy (in many cases) to permanent coverage once your needs change.

Whole Life Insurance: This type of coverage insures you during the span of your life as long as you continue to pay the premiums. You not only get insurance protection, up to the policy’s face amount, but there is a cash value that grows over time.

Universal Life Insurance: A permanent form of Life insurance, this coverage offers greater flexibility when it comes to premiums, varying face amounts, and an unbundled pricing structure. The policy also builds cash value based on an interest rate guaranteed not go below a level that is specified.

It may seem complicated, but we’re ready to go through the details.

Our life insurance specialists will make it simple for you, helping you to find the policy that suits your needs not only today but with a view to the future. For your free assessment, call or email us, or fill out the form above.

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