Life Insurance
Life insurance is a crucial step in planning for your future and your family’s future. It can fulfill promises and obligations to your family if you are no longer living. The death benefit is income-tax free and can be used to cover funeral expenses, repay debt, provide education, pay estate taxes or any other expenses your survivors may incur.
Life insurance may also be used to help ensure that a family business will pass to your intended survivor. There are also benefits to certain types of life insurance plans during your lifetime.
Here at GoodWorks we understand that life can take unexpected twists and turns that can impact your family for the rest of their lives. Purchasing life insurance gives you the peace of mind knowing that life insurance will provide economic security to your dependents in the event of your passing. Our life insurance brokers will meet with you to discuss various types of life insurance policies that may be right for you depending on your individual family and financial circumstances.
Term Life Insurance
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Provides coverage for a specified period of time.
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Affordable way to get maximum coverage and less expensive compared to permanent life insurance.
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You build no equity or cash value in the policy.
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Most policies have a built-in privilege to convert to permanent life insurance regardless of any changes in insureds health.
Permanent or Whole Life Insurance
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Protection for your whole life, as long as sufficient premiums are paid.
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Can build equity in the form of cash value.
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Higher premiums than term.
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