At some point in our lives we all consider purchasing Life insurance…whether it’s to provide security to our partner and loved ones in the event of our death, or a way to save and accumulate income for the future.
Depending on your particular situation and where you’re at in your life, our specialists at the Barreto Agency can discuss the various options available to you — from Term Life Insurance to Whole Life, Universal Life, and Variable Life. We’ll discuss the benefits of each type of policy and what makes the most sense for your particular situation. We’ll also help you evaluate the amount of Life insurance you need and go over the various tax implications based on the type of policy you choose.
Life insurance is a smart vehicle to help pay for final expenses, debts, estate taxes, etc., or any other financial debt or need you may leave behind in the event of your death.
There are benefits during your lifetime as well, as the policy grows in cash value over time, and any tax on that increase is deferred unless you withdraw the money before maturity. Your policy (assuming it is a permanent life policy as opposed to term life) can become a good source of funds for such things as a down payment on a home or your child’s college tuition (taking into consideration tax implications).
We can help you decide the type of Life policy that suits your needs.
Our Life insurance specialists can help you find the right type of policy for you so you don’t buy more or less coverage than you and your family really need. For an assessment of your particular requirements, call us, email, or fill out the form on this page.