LIFE INSURANCE

Life insurance is important at every stage of life. No one knows what life will bring and it’s important that you and your family are protected against even the most unexpected outcomes. At Menath Insurance we offer Life Insurance policies that fit you and your family’s needs. We will assist you in making sure your family and loved ones can afford the financial burden of your passing as well as enjoy the financial support life insurance can offer for long into the future.Some of the reasons you should purchase a life insurance policy include:

  • To pay final expenses in case of death.
  • To replace income for your dependents for an extended period of time.
  • To ensure an inheritance and legacy for your heirs.
  • To create a source of savings and an optional income in times of need.
  • To cover federal/state death taxes which are common throughout the United States.
  • To make significant charitable donations to create and extend your legacy.

There are two types of life insurance we will discuss:
Permanent Insurance or Whole Life Insurance which is designed to pay a death benefit when you pass away, no matter your age. Payments are made throughout your whole life or are paid up in full. Benefits can include:

  • Flexibility in altering the policy’s total amount and death benefit, as well as the amount and frequency of premium payments to adjust to your changing needs.
  • The cash value of your policy earns interest and this growth in income is tax-deferred – the cash value can also be accessed at almost any time.
  • An array of optional riders and benefits are available at an additional charge to help you design coverage specific to your needs.
  • Whole life policies are less expensive over your lifetime than multiple term policies.

Term Life Insurance pay a death benefit only when death occurs during the policy term, which is usually no longer than 30 years. Level term life policies are the more popular because they are less expensive than permanent policies over a term.
Benefits can include:

  • Policies and premiums that are affordable and are consistent throughout the fixed-term period.
  • Guaranteed death benefit levels that can be significant alone or greatly add to existing coverage.
  • An array of optional riders and benefits are available at an additional charge to help you design coverage specific to your needs.

Make sure you’re prepared for the future. Menath Insurance can help you with any life insurance questions you may have and information you may need. Click Call Today to review your needs for the right plan for you.

Founders

Life insurance is important at every stage of life.