Life Insurance
Life Insurance provides valuable financial protection for the people you care about most. This type of coverage can efficiently serve a variety of personal and business purposes; a few of which include:
- Income and lifestyle protection for your family
- Pay off personal debts such as mortgages & lines of credit
- Provide for your final expenses
- Provide financial security for your loved ones
- Make a contribution to a meaningful charity
- Fund a Buy/Sell Agreement between you and your business partners
- Provide liquidity to your business on the death of a key individual
- Pay off outstanding business liabilities
On death, a Life Insurance policy will pay a tax-free death benefit to the beneficiaries of your choice. This death benefit is creditor proof, and can avoid probate and estate taxes. The tax-efficiency and certainty of Life Insurance make it a pillar of effective financial planning. In fact it is the only financial tool which can provide the required cash exactly when it is needed, for pennies on the dollar.
There are 2 types of Life Insurance available depending on your objectives. To learn more about the features and benefits of each, please follow the links below.
Find out how much Life Insurance is appropriate for you by using Transamerica Life's LifeScripter Tool.
To learn more about the benefits of Life Insurance, please contact us.
Click to download
A Guide to Understanding Your Life Insurance Options.pdf
