Life Insurance can mean the difference between financial stability and financial disaster for your loved ones. Life insurance can also mean much more. Did you know…..?
- Life Insurance can be an integral part of your estate planning. Smart planners use permanent life insurance to protect their loved ones from the ravages of estate taxes*.
- A permanent (cash value) life insurance policy can build cash value that can be accessed at any time in the future**. This can mean tax-efficient funds to help supplement income for an early retirement or for your children’s college expenses***.
Think About It…
- Do you know how much life coverage your family needs to replace your income? How much would you need to pay your mortgage, feed your family and pay for your children’s education? Do you know how much coverage you currently carry?
Life policies offered:
- Term Life: 10, 15, 20 or 30 year term plans with highly competitive, guaranteed premiums.
- Permanent (cash value) life policies – Participating (dividend paying) Whole Life or Universal Life policies providing a permanent level of life insurance and the ability to accumulate cash values with tax advantages. Dividends are are not guaranteed. They are declared annually by Guardian’s board of directors*.
- Permanent life policies with a Long Term Care benefit rider offered individually or in a joint (survivorship life) life policy covering both spouses in one policy.
Please call or request a quote online today!
*Guardian, its subsidiaries, agents or employees do not provide legal or tax advice. Please consult with your attorney, accountant, and/or tax advisor for advice concerning your particular circumstances.**Cash value buildup is from guaranteed cash values and non-guaranteed dividends. Dividends are not guaranteed. They are declared annually by Guardian’s Board of Directors. Some whole life policies do not have cash values in their first two years of the policy and don’t pay a dividend until the policy’s third year. Talk to your financial represnetative and refer to your individual whole life policy illustration for more information. ***Policy benefits are reduced by any outstanding loan or loan interest and/or withdrawals. Dividends, if any, are affected by policy loans and loan interest. Withdrawals above the cost basis may result in taxable ordinary income. If the policy lapses, or is surrendered, any outstanding loans considered gain in the policy may be subject to ordinary income taxes. If the policy is a Modified Endowment Contract (MEC), loans are treated like withdrawals, but as gain first, subject to ordinary income taxes. If the policyowner is under age 59 1/2, any taxable withdrawal may also be subject to an 10% federal tax penalty.