Are You Looking for a Life Insurance Policy?

Life insurance is the foundation of estate planning. You can spend a lifetime accruing assets, but if they're not properly protected, they can be caught up in probate, your family may end up paying more in taxes than expected, or they may not be able to afford to maintain the assets. A simple illustration is real estate. Many times families are unable to continue paying the mortgage after a loved one passes away because they didn't purchase mortgage life insurance. Mortgage protection life insurance ensures that if the head of household passes away, their beneficiaries can continue paying the mortgage. But, it's not just when you die. Depending on the policy you receive, you can have a benefit in case of chronic, critical, or terminal illness.

---

Here's a testimony video of a widow whose husband properly financially planned and she was able to purchase her first home. Watch the video here.

---

Difference Between Term Insurance and Life Insurance

Here's a common inquiry people have: What's the difference between term insurance and life insurance. Term insurance will protect you for the duration of the term whether it's 10 years, 20 years, 30 years, or even 40 years depending on the insurance carrier. It's a type of life insurance and probably one of the most well known kinds besides whole life insurance. Whole life insurance is guaranteed life insurance to age 99. Another form of permanent life insurance is called the Indexed Universal Life Insurance policy or the IUL. It's not guaranteed, but has the potential for higher cash value gains and can go up to age 120. The cash value in the whole life and IUL policy can be loaned against in potentially tax free income.

---

You can get a free quote here and when you're ready book a call with me here.

---

Life Insurance Agency

If you're ready to buy a policy the type of life insurance agency matters. There are some agencies that only sell term life insurance while others will push variable products which are risky. At Top Financial Agency we have access to about 50 different of the best insurance companies available. We have term, whole life, IUL, Guaranteed Universal Life products (GUL), and even ROP (Return of Premium term). You'll be sure to find something that works for you.