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Life Insurance Questions

Below are some common questions that are asked in regards to life insurance.

How much do I need?

This will always depend on the individual's situation. Factors such as your marital status, earning capacity, income source, and other things have to do with how much
you will need; use our free quote system to receive an estimate, or contact your life insurance provider to determine a closer amount.

What is the difference between term and cash value life insurance?

Term life insurance pays a certain amount in the event of the insured's death, while the more expensive cash value insurance consists of an account with cash that you may withdraw from before death.

What is credit life insurance?

Credit life insurance is highly recommended in terms of debt consolidation, especially when paired with an installment loan for costly appliances or a new car. But if you think you already have enough life insurance, even for repaying your debts, then avoid credit life insurance, as it comes with a high premium.

Will my dividends, cash values, or death benefits be taxed?

The interest on you annual increase of your cash values will not be taxed, nor will your dividends. However, consider consulting a tax advisor for specific information on taxable finances.