Your Life - Eleonore Webber - Your Life Security L.L.C.

Your Life

Are you…

  • Getting married?
  • Having a baby or grandchild?
  • Buying a home?
  • Starting a business?
  • Changing jobs?
  • Divorced or widowed?
  • An empty-nester?

How can you secure future income to help manage these life-changing events?

Life insurance provides financial security for the people you care about the most – your family. There are tax-free and loan options that can help your loved ones pay monthly living expenses and pay off debt, including your final expenses. Other options they offer include providing family financial security with additional income or paying off a mortgage, sending a child to college, continuing a family business, providing a family legacy, estate tax funding or helping your favorite charity.

Choices include Term, Whole or Universal life insurance.

*Scroll to the right to see the rest of the chart if you are on a mobile device.

BASIC LIFE INSURANCE TERMS – Pros & Cons of Insurance Types
TYPESADVANTAGESDISADVANTAGES

TERM

  • Maximum coverage per premium $

  • Meets coverage needs for up to 30 years


  • No savings feature

  • No Lifetime coverage


WHOLE LIFE

  • Fixed premiums

  • Tax-deferred cash accumulation

  • Lifetime coverage


  • Inflexible premiums

  • Rate of return may be lower than for other investments

  • Surrender charges



UNIVERSAL LIFE

  • Lifetime coverage

  • Flexible premiums

  • Flexible death benefit

  • Pricing based on current interest-rate assumptions



  • Death benefit may drop below adequate coverage if interest rates decline

  • Premiums may rise if interest rates decline

Also available are enhanced life insurance versions:

  • Asset-Based with Life with a Long-Term Care rider
  • Whole Life insurance with a Long-Term Care Insurance rider
  • Universal Life with a Long-Term Care Insurance rider
  • Second-To-Die Life Insurance

Demystifying the myths of insurance and navigating the hundreds of financial options can frustrating. Together, we can identify the gaps that plague individuals and families when they experience a life-changing event and review the best options to protect you, your family and your business.

*Consult with a professional tax and/or legal advisor before taking any action that may have tax or legal consequences.

Source: http://www.mutualofomaha.com/life-insurance
Source: Duke University Life Insurance Comparison Chart

Let’s identify the best solutions to help manage the necessities of life.

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