How to get the most value for all your family values.
Life insurance can flex with your circumstances.
It’s important to reassess your financial situation regularly, and in particular as your family downsizes. When your kids are grown, you can focus your attention on taking care of a surviving spouse, and preserving a legacy for the next generation.
Single premium universal life is a type of life insurance in which a lump sum is paid, in return for your named beneficiaries receiving a benefit that is:
- Federal Income-tax free
- Guaranteed, regardless of what happens in the markets**
- Without the time delay and expense of probate
It’s one of the most efficient means to transfer wealth to your dependents (or a charity), and the cash builds up quickly because the policy is fully funded. Plus, if you ever need access to funds for emergencies, retirement, or other opportunities, you have the ability to tap into the policy’s cash value with a loan.
And if you choose our Asset Preserver policy, a single premium universal life policy,*** you may accelerate the Death Benefit tax-free for qualified long-term care expenses if needed.
Did you know life insurance is a great gift for your kids or grandkids?
Talk it through with an expert.
We're here to help.