• Helps replace the income of a wage earner
• Covers burial costs and other final expenses
• Aids in the transfer of wealth or leaving an inheritance
• Helps pay off a mortgage
• Pays for home expenses
• Pays for estate taxes or creates estate liquidity
• Provides funds for college education

The average cost of term life insurance for a healthy 30-year-old is around $170/year.

There is no one-size-fits-all solution for life insurance. Every person's needs and budget are different, and the coverage you require will more than likely change as your circumstances change.

Term policies provide coverage for a set time or term and build no cash value. They are less expensive than permanent policies with the same face value.

Permanent life insurance policies remain in effect until the policyholder's death or until they lapse due to non-payment. Most permanent life insurance policies also include a savings component that can build cash value over time.

An agent can start with a financial needs analysis to help you identify your current financial situation. They will listen to your needs and goals and use this information to help determine the type of policy that may be right for you.

These are the areas that the analysis looks at:

• Cash flow: Earn additional income and manage expenses
• Proper protection: Protect against loss of income and protect family assets
• Debt management: Consolidate debt and strive to eliminate debt
• Build wealth: Strive to outpace inflation and reduce taxes
• Emergency fund: Save at least 6 months of income and prepare for unexpected expenses
• Preserve wealth: Reduce taxation and build a family legacy

The key concepts and strategies listed below can help you get from where you are to where you want to be:

• Financial needs analysis
• Financial goal setting
• Recommendations and implementation
• Strategies for pursuing financial goals
• Retirement planning
• Estate preservation

Financial insurance strategies for you, your employees, and your business include:

• Executive Compensation Program
• Business Continuation Program
• Retirement Strategies

• Retirement planning
• Individual financial services
• College funding plans
• Insurance protection

This is a type of permanent life insurance; it is not a short-term savings vehicle. It should be purchased if you have the financial means to keep the policy in force for a longer period.

IUL policies offer:

• Tax-free death benefit
• Tax-deferred growth potential
• Tax-advantaged withdrawals and loans
• Guaranteed minimum interest rate based on the issuing insurance company
• A premium bonus for rollovers
• Income for life (pension)
• Principal protection (no probate)

• The guaranteed death benefit passes to the beneficiary free from federal income tax
• Policy premiums are not taxed and do not have any penalties
• Transfers within the policy are not taxed
• There is also the ability to take tax-free loans from the policy
• Additionally, the indexed growth strategy ensures that you will never lose money when the market goes down

Our agents have access to 85+ companies, including but not limited to:

• Allianz
• Prudential
• Gerber
• Athene
• Mutual of Omaha
• Everest
• Nationwide
• Transamerica
• Pacific Life