In the event of your untimely death people purchase life insurance is a financial product you purchase to protect your family. Many people purchase life insurance to provide money to cover out of pockets costs for medical, funeral expenses, replace wages, cover mortgages and to cover college expenses for their children. Life insurance allows you to sleep at night knowing your family will not be in financial ruins at the time of your death.
Having the right life insurance is a key element in planning for the future of you and your loved ones. Life insurance can help you fulfill the promises you’ve made your family when you are gone.
Do not leave the future of you and your loved ones to chance. Zinn Insurance can help you find the right coverage and help ensure that your policy continually meets your needs.
The right life insurance will be unique to each client and depends on personal and financial needs. As life changes, your life insurance coverage should adapt to your current needs. Some life changes that may require a policy “tune-up” include:
Having the right life insurance is essential to planning for your present and future. Many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living and provide assurance for your family after you are gone.
Life Insurance Death Benefit – When you pass away, your life insurance provides income (tax-free) to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes, or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.
Living Benefits – The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.
The right life insurance coverage for each and every one of our customers in Texas is unique. Contact the Zinn Insurance team today to find out how to protect your family and your future with the right life insurance.
