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/