Why Is Life Insurance Important To Have?

Life insurance is an essential investment that protects your family financially in the event of your death. It provides financial security, helps pay off debts, living expenses, and any medical or final expenses. Your life insurance policy delivers a specified sum of money when you need it, and your family receives the policy payout immediately after your death, which is generally not subject to federal income taxes. Working with a financial professional can help you understand the differences between types of policies, calculate the amount you need, and present potential options that may best suit your needs.

Reasons for buying life insurance:

Tax-free benefitBeneficiaries receive the amount without any federal income taxes.
Guaranteed cash value growthWhole Life policy builds cash value that is guaranteed to grow, tax-deferred.
Dividend potentialYou can receive dividends in cash, offset premiums, or buy paid-up additional insurance that increases your coverage and cash value.
Optional ridersYou can tailor a whole life policy to meet your individual needs by using riders to purchase additional protection, pay premiums if disabled, use some of your face amount to pay chronic illnesses, or purchase coverage for your children.

Buying life insurance is a long-term commitment that requires paying premiums and keeping the policy in force. It provides lasting peace of mind as the right coverage can offer a valuable combination of benefits, many guaranteed by the claims-paying ability of New York Life. If you’re buying life insurance for the first time, it’s best to consult a financial professional who can help determine what’s right for you.

Life insurance can also help you achieve your financial goals for you and your family. It’s not just for people in their 40s or 50s; anyone in their 20s can benefit from buying life insurance. The cost of life insurance depends on many factors like age, gender, health, and lifestyle. Understanding the costs and pricing can help you make an informed decision about buying life insurance.

Burial Insurance Rates
We Sell Burial Insurance
  Cash Payout On Death
  Cash Value (Savings) While Living
...Without The Hassle
 NO Waiting Period
  NO Medical Exam
  NO Expiration
 NO Rate Increases