Why Do You Buy Life Insurance?
Life insurance is a unique asset.
Because of its potential high yield and its tax-favored benefits, it can be used to solve
some of life's perplexing financial problems.
Types of Life Insurance Policies
There are a variety of types of life insurance, providing important
benefits for your personal or business financial
plan.
Long-Term Level
Premium Term
Level premium, level coverage, no cash value. Annual
premiums are fixed for a period of time, typically 5, 10, 15, 20 or 30 years. Suitable for
financial obligations which remain constant for a short or intermediate period. For
example, income during a minor's dependency.
Whole Life Insurance
Level premium, level coverage, cash values. Cash
value typically increases based on insurance company's general asset account portfolio
performance. Suitable for long-term obligations. For example, surviving spouse lifetime
income needs, estate liquidity, death taxes, funding retirement needs, etc.
Universal Life Insurance
Level or adjusted premium and
coverage, cash values. Cash values may increase, based on the performance of
certain assets held in the company's general account. Suitable for long-term obligations
or sinking-fund needs: estate growth, estate liquidity, death taxes, funding retirement
needs, etc.
Variable Life and Variable
Universal Life Insurance
Level/adjustable premium, level coverage, cash value.
Suitable for long-term obligations and those who are more active investors and for estate
growth and death tax liquidity.
Single Premium Whole Life
Insurance
Entire premium is paid at purchase, cash values, level
coverage. Provides protection as well as serving as an asset accumulation
vehicle.
You choose the plan that best meets the needs of you and your family
or business.
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Uses for Life Insurance
Life insurance can help solve personal or business financial needs
such as:
- Create an estate
- Pay death taxes and other
estate settlement costs
- Fund a business transfer
- College fund for children or
grandchildren
- Pay off a home mortgage
- Protect a business from the
loss of a key employee
- Supplement retirement funds
- Replace a charitable gift
- Pay off loans
- Equalize inheritances
- Accelerated death benefits
- Pension maximization
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Choosing the
Right Life Insurance Company
All Aboard Benefits has affiliations with a number of different
carriers. Our goal is always to provide you with competitive rates and carriers that will
meet your specific needs. For example, you may need a product that offers longer term
rates (30 year plans), a plan with favorable smoker rates, plans that will build up cash
value.
Contact our office 214-821-6677 or toll-free 1-800-462-2322
and an agent will quote you
the plan that will best meet your needs. Or, fill out our online
quote request form.
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