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Life insurance can be an important part of your personal safety net, especially if you have financial dependents. We can work with you to find easy and affordable life insurance solutions – so you know your loved ones will be taken care of.Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.
WHAT TO ASK?
Use Coverpath’s simple online process to apply for quality MassMutual life insuranceand show them how much you care.
WHAT IS IT?
Permanent insurance, including Whole Life Insurance, Universal Life Insurance and Variable Universal Life Insurance, can provide protection for your entire lifetime, or in certain instances up to a specific age-at which point the insurer pays the policy owner the cash value. Permanent life insurance policies can build a cash value-money that you can borrow against and in some instances, withdraw to help meet future goals, such as paying for a child's college education.
Permanent life insurance policies enjoy favorable tax treatment. Cash value generally grows on an income-tax deferred basis; that means that you pay no taxes on any earnings in the policy so long as the policy remains in force. Withdrawals or loans against the cash value are, in many cases, tax-free.
WHO'S IT FOR?
THINGS YOU SHOULD CONSIDER:
WHAT IS TERM INSURANCE?
Term life insurance is generally the least expensive and least complicated type of life insurance. It provides insurance protection for a specified period of time, such as 10, 20 or 30 years. If you die within the term period and the policy is in force, a death benefit is paid to your beneficiary. If you are still living at the end of the term, protection ceases unless your term life insurance policy is renewed. There is no "accumulation" element, or cash value with term life insurance.
BENEFITS OF TERM LIFE INSURANCE:
Premiums generally increase with age and they could become unaffordable later in life. There is no cash-value element with term life insurance, so you miss the tax-deferred growth of the cash value of permanent life insurance policies, such as Whole Life Insurance.
Once the term period expires, unless you renew your policy, the insurance coverage ceases and the policy has no further value.