Life Insurance

Life insurance protects your family and loved ones against the unexpected. In the event of your death, the benefits paid to your family would help them meet their financial needs, including regular expenses like paying the mortgage or larger demands like sending your children to college.

Working with an experienced Insurance agent, you can gain peace-of-mind knowing your family will be protected should anything happen to you. A life insurance policy can keep your family from being forced to sell assets to cover obligations and living expenses. Another benefit, in most cases, is that there is no federal income tax on life insurance benefits.

Anyone with dependents is likely to need life insurance. Yet, everyone's situation is different, and choosing the amount of life insurance you need is an important and sometimes complicated decision. It's important to work with your insurance agent to help you determine which options are available to you and best fit your family's needs.

Term life insurance -- Sometimes called "pure insurance" and usually quite reasonable in cost, provides life insurance for a specific term of years. The premium may periodically increase based on your age.

Universal life insurance -- These are flexible policies that allow you to change the death benefit, even change the amount or timing of premium payments and may have favorable tax benefits.

Whole life insurance -- Sometimes called "permanent insurance" is a basic type of life insurance policy that offers lifetime protection at a level premium.

Convertible term life insurance -- A term insurance policy that can be converted, at your request, to a permanent insurance policy.

For more information about life insurance solutions, please contact us at 207-985-8300, toll free at 877-848-9653, or send us a secure e-mail.