FACT: Most families would be financially devastated if the “unthinkable” ever happened to their key breadwinner, and that’s where LIFE INSURANCE comes in, providing you with the financial protection you need and deserve!
WHAT IS LIFE INSURANCE?
DID YOU KNOW that life insurance preserves the financial security of your loved ones by paying them a tax-free benefit in the event something happens to you?
The amount of coverage you choose and type of insurance you buy should be based on your own specific needs, and the cost depends on your age, gender, health, lifestyle, and medical history.
Our team at Freeborn Financial can provide you with the best coverage for your needs…
TYPES OF INSURANCE
- temporary protection for temporary needs
- tax-free benefit paid to your beneficiaries
- premium is usually guaranteed
- aka whole life provides lifetime coverage accumulating cash value over time
- some plans let you pay for a specific period of time and then never again
- premium and coverage guaranteed for life
- permanent coverage allows you to receive dividends
- dividends can be used to buy more coverage, earn interest, or take out in cash
- more flexible and more complex combining protection and savings
- allows you to choose a guaranteed death benefit to be paid to your beneficiaries
- payments made above the premium can be invested within the policy