Life Insurance

As you are getting ready and planning for your future, you should take time to choose a life insurance option that will work well for you. Your life insurance policy should ensure that your family is taken care of if you pass away. As you pay your premiums, you will be securing the future of your loved ones and you may even be able to reap some benefits while you are still alive.

Advantages of the Death Benefit

When you are able to provide a death benefit to your family, the money will be income tax-free money.  This money can be used to pay for funeral expenses, to pay off debt, to pay for estate taxes or take care of any other financial responsibility or need that is left after you are gone. If you own a business, your business partners can use that money to be bought out to ensure the business does not have to undergo a forced liquidation.

Advantages of Living Benefits

When your permanent life insurance policy grows, it is tax-deferred¹.  This means, that as the cash value grows the growth is not taxed unless the money is going to be withdrawn.

Loans² or even withdrawals can be taken against the value of your permanent life insurance policy. This money can help you pay for large expenses.

1. Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 1/2. Consult a tax advisor on your specific situation.

2. Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.

Do not leave the future of your loved ones to fate.  Take the time to talk with us today so we can help you understand which protection is going to be the best for your needs.

Our Office Is Located At:
33434 8th Ave S. suite 102
Federal Way, WA 98003
Phone: 253-874-1058