Life Insurance
Life insurance is a crucial step in planning for your and your family’s future. It can fulfill promises and obligations to your family if you are no longer living. There are 3 types of life insurance to consider, Term Life, Whole Life, and Universal Life.
The death benefit is income-tax-free and can be used to cover funeral expenses, repay debt, provide education, pay estate taxes, or any other expenses your survivors may incur.
Life insurance may also be used to help ensure that a family business will pass to your intended survivor.
There are also benefits to certain types of life insurance plans during your lifetime.