Safe Money Specialist, Safe Money Solutions LLC, Harrisonburg, Virginia 22801
For most people Life Insurance is used to provide a DEATH BENEFIT to families once the insured passes away. The money can be used for funeral expenses, providing income to families once the insured has passed, paying for children's college education...
One of the BIGGEST SECRETS that Washington and Wall Street do not want you to know is the LIVING BENEFITS that are provided by life insurance.
Did you know that a life insurance policy can provide you with TAX FREE INCOME for the rest of your life?
To learn more about life insurance or ask questions related to your specific needs simply visit me at http://www.SafeMoneyRod.com
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Term life insurance is used to provide a death benefit during a specified period of time. Permanent insurance is used to provide a death benefit at any time the policy is in force. In order to accomplish this and have level premiums, policies accumulate extra funds. These funds are designed to allow the policy to meet its lifelong obligations. However, these funds accumulate tax free and give the policy the potential of solving many problems from funding education, to providing long term care.
Years ago I read a quote that said "Life insurance creates cash at death, everything else, confuses and complicates".
Life insurance can be used at your death to create wealth to provide money for your family to live on, pay your debts, help you business, etc.
Life insurance can also be used to conserve wealth by paying taxes and fees, funding buyout, etc.
To complicate matters, life insurance has additional planning opportunities and living benefits to supplement retirement for example.
I suggest you contact a local independent insurance agent / broker, to help you find the right policy at the right price.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
That is a great question! The best answer? However your beneficiaries want to use it. The death benefit is paid tax free to your beneficiary, and unless you have communicated an express desire as to what you want it used for, they can do as they wish with the funds. I hope that helps, thanks for asking!
Life insurance is used to pay for funeral and other final expenses; to borrow from for college, wedding, new home, etc; to provide cash to a business partner when the other partner dies so the surviving partner can buy the other share of the business; to pay off a mortgage; as collateral to get an SBA loan; to pay off student loans; to pass an inheritance to children or grandchildren; to donate money to charity; to provide for loved ones so they don't have to move and take another job when the breadwinner dies, and many other uses.
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One of the BIGGEST SECRETS that Washington and Wall Street do not want you to know is the LIVING BENEFITS that are provided by life insurance.
Did you know that a life insurance policy can provide you with TAX FREE INCOME for the rest of your life?
To learn more about life insurance or ask questions related to your specific needs simply visit me at http://www.SafeMoneyRod.com
Life insurance can be used at your death to create wealth to provide money for your family to live on, pay your debts, help you business, etc.
Life insurance can also be used to conserve wealth by paying taxes and fees, funding buyout, etc.
To complicate matters, life insurance has additional planning opportunities and living benefits to supplement retirement for example.
I suggest you contact a local independent insurance agent / broker, to help you find the right policy at the right price.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.