Life Insurance

As uncomfortable as it is to think about, imagine what standard of living your family would have if you were no longer with them. Life insurance protects your family against the loss of your income when you die. It helps pay for funeral costs, covers household expenses and helps keep your family in their world with as little financial disruption as possible. But permanent life insurance can be so much more. Through the build up of tax-deferred policy cash value, your premiums can also help save toward a more secure retirement.

Using personally owned life insurance can be a significant addition to a retirement portfolio:

• The death benefit can be a source of retirement income for your spouse in the event of premature death.
• The build-up of tax deferred cash value can be accessed during lifetime to supplement retirement income.
• The death benefit can be accessed during your lifetime, through optional riders, to pay for expenses associated with a long-term illness, preserving other assets already earmarked for retirement.

(Riders may be available at an additional cost and are not available in all states.)