Advantages of the Death Benefit

• Provides income tax-free money to your named beneficiary(s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind.
• Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Advantages of Living Benefits

• The cash value growth of a permanent life insurance policy is tax-deferred¹, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.
• Loans² or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

¹Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 ½. Consult a tax advisor on your specific situation.
²Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.

Generally, you should consider life insurance if you have:

• A spouse
• Dependent children
• Aging parents or a physically-challenged relative who depends on you for support
• Retirement savings that is not sufficient to ensure your spouse's future financial well-being
• A sizable estate
• A business

Life Changes — So Should Your Policy

Term Life Insurance

Whole Life Insurance

Universal Life Insurance