Life insurance provides you with the comfort and the knowledge that you have taken care of the following:
- Family protection
- Estate and settlement costs
- Emergency funding
- Next generation gifting
There are two basic types of life insurance:
- Term insurance
- Permanent or whole life
Life insurance is sometimes called an instant estate planning tool because the proceeds from a life insurance policy can:
- Help ensure that your family is not burdened by significant debt by covering the payment of taxes and other transfer taxes
- Help satisfy other debt including funeral costs and outstanding medical expenses
- Provide immediate income to loved ones.
Insurance Mart will help you evaluate your personal situation to determine the policy type that is appropriate for your unique situation.