benefits of having life insurance
Post on 15-Jul-2015
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Benefits of Having Life
Insurance
Placer Insurance Agency
http://www.placerins.com/
Facts and Statistics
• 68 million Americans do not
have life insurance, and those
with coverage have less than
most experts believe is
necessary to ensure financial
stability
• 2/3 of Americans believe that life
insurance provides peace of
mind
• Top 2 reasons for not getting
insurance are other priorities
and lack of resources
Types of Life Insurance• Term Life Insurance: A life insurance policy that provides coverage
for a limited period of time. Once the policy has expired, it is up to
the policy owner to either renew the policy or let the coverage end.
• Whole Life Insurance: A life insurance policy that provides
coverage for the policy owner’s entire life. Whole life insurance also
has an investment component that can generate cash value over
time.
Life insurance ensures financial security when one is no longer
around to care for their family and loved ones.
Life insurance can also provide coverage for immediate
expenses such as funeral costs or coverage for long term
investments such as a college or retirement fund.
Benefit: Financial Security
Benefit: Funeral Coverage
• According to the National
Funeral Directors Association,
the average cost of a funeral is
$6560
– Costs can easily exceed this
amount with additional costs of
flowers, obituaries, and
gravestones
• With life insurance, you can
relax knowing that funeral
arrangements will be taken
care of and the unexpected
costs of losing a loved one
would be avoided
The cash value
built up from
life insurance is
tax free
Beneficiaries do
not pay federal
income tax on
benefits
Although it decreases the death benefit and
cash value of the life insurance policy, loans
borrowed from the life insurance policy’s cash
value is not charged tax
Estate tax on death benefits can
be avoided by transferring
ownership of the policy to another
person or entity
Benefit: Tax Free
Conclusion
• Life is unpredictable, and at
Placer Insurance we recognize
the importance of protecting
what matters to you most.
Whether it’s protecting your
financial needs, your family, or
your small business, we strive
to be the California life
insurance company you and
your family can rely on. Choose
Placer Insurance and trust us to
insure what is most important to
you.
• http://www.placerins.com/
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