Death benefit is paid Tax-Free!

Your beneficiaries will not be taxed on the death benefits they receive from your life insurance policy.

Life insurance death benefits are paid tax-free to the beneficiary. The beneficiary can be an individual, a business, or trust. Think of these funds as a tax-free way to replace income, replace any financial need whether that’s paying off a debt, like a mortgage, covering funeral expenses, or for future costs like college. For these reasons, life insurance is one of the best ways to provide financial protection for loved ones. The policies can be term life insurance that can sometimes be considered mortgage protection, whole life insurance that can sometimes be considered final expense or Indexed Universal Life insurance or IUL, they all pay to the beneficiary tax-free.

A business losing a key person, can significantly impact resources and has the potential to become a business cycle disruption. Life insurance on a key employee provides the business with access to tax-free funds at a time when they need it the most. Key Person Insurance is life insurance purchased by a business on an owner or an employee whose services contribute substantially to the success and continuity of the business. These tax-free funds to any business can be used to cover expenses of finding a replacement, training a replacement, cover any errors that may occur while successor is training, assure creditors that their loans are safe, and keep the business running. #lifeinsurance #termlifeinsurance #IUL #termlife #mortgageprotection #indexeduniversallife #taxfreedeathbenefit #keypersonlifeinsurance #keyperson #smallbusiness #wholelife #finalexpense