Life Insurance

Life Insurance

Missy J.

Sadly, Missy J’s first encounter with life insurance came at age 14 when it paid for her father’s funeral expenses. Her next encounter came all too quickly. A year and a half later her mother was diagnosed with cancer and died soon afterward.

Missy, now 26 and wise beyond her years, when asked about her experiences, said, “You can’t take for granted tomorrow’s going to come. You have to make sure your future is safe.”

Today, Missy teaches second grade in West Bend, Wisconsin and is preparing for married life with Ryan, her high school sweetheart. Her parent’s decision to place the insurance benefits in a trust fund paying out periodically has provided in many ways. While in college, it helped pay her educational expenses and living costs and recently, it covered a down payment for her condo. Missy gratefully shares, “I own a home, a car, have a great job and a wonderful future husband all because my parents planned ahead. It was just exactly what my parents would have wanted.”

To read the complete story and more testimonies on Life Insurance, please visit www.life-line.org.

What does a Life Insurance Policy Cover?

Life Insurance Policies

Life Insurance Usages

  • Income replacement
  • Mortgage
  • Outstanding debt
  • College education
  • Offset lost retirement benefit
  • Emergency fund
  • Final expense
  • Pay estate taxes
  • Fund trust for child with special needs
  • Business continuity planning

Term Life Insurance

  • Guaranteed death benefit
  • Guaranteed for certain number of years 5, 10, 15, 20 or 30
  • Guaranteed premium for certain number of years
  • Builds no cash
  • Tax free death benefit.
  • Lowest premium for guaranteed period.

Permanent Life Insurance

  • You determine the length of coverage.
  • Premium and death benefit may be flexible.
  • Builds cash. value which can be accessed via a loan or withdrawal.
  • Cash grows tax deferred and if properly structured can be tax free.
  • Generally tax free death benefit.

If you are interested in discussing long term care further with Kathleen Pitcher, please complete the form below and Ms. Pitcher will contact you within 24 hours.

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