Life Insurance

By: The Steele Group Financial & Workplace Services Inc.  16-02-2013
Keywords: Life Insurance

Life insurance is used to protect the financial security of the people you love most. A life insurance policy pays a cash benefit, tax free, to your beneficiaries when you die. The amount of money for which you are insured and the type of insurance you buy depends on your needs. People can get life insurance through work (some employers offer it through group benefits plans. This type usually ends when you leave the employer.) or they buy it on their own (usually from an insurance advisor). There are 3 types of life insurance: term, permanent and universal. Term life insurance provides temporary protection for temporary needs. It also has some flexibility, so you can adjust your insurance as your needs change. Permanent life insurance is an excellent choice if you want lifelong coverage and equity in the form of a cash value over time. Universal Life insurance is one solution that combines 2 important aspects of financial planning: 1. Permanent insurance protection for lifelong peace of mind, plus 2. Investment account options that can grow your savings, tax-deferred Request a quote:

Keywords: Life Insurance

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