Life insurance is a contract between you and an insurance company that provides your loved ones with a lump-sum payment (death benefit) if you pass away. It’s designed to protect your family’s financial future by helping cover expenses like mortgage payments, debts, education, or everyday living costs. Without it, your loved ones may face financial hardship during an already difficult time.

An IUL is a type of permanent life insurance that not only offers a death benefit but also builds cash value. The cash value growth is tied to the performance of a stock market index (like the S&P 500), but your money is not directly invested in the market. This means you can benefit from market gains while having protection from losses with a guaranteed minimum interest rate. IULs are often used for long-term savings, retirement planning, and tax-advantaged wealth growth.

Living benefits let you access part of your life insurance death benefit while you’re still alive if you’re diagnosed with a qualifying illness, injury, or condition. These benefits can help cover:

• Critical illness (ex. heart attack, cancer, stroke, etc.)
• Critical injury (ex. major accident or severe physical trauma, etc.)
• Chronic illness (long-term care needs)
• Terminal illness (end-of-life expenses)

Living benefits can give you peace of mind knowing you have financial support during life’s unexpected challenges.

Living benefits are not available on all life insurance policies and may vary by state, product, and carrier. Eligibility for accelerated benefits is subject to the specific terms and conditions of the policy. Receipt of living benefits will reduce the policy’s death benefit and may be taxable. Clients should consult with their tax advisor and review their policy for complete details.

An annuity is a financial product designed to provide you with guaranteed income for a set period or for life, often used for retirement planning. You make a lump-sum payment or a series of payments to an insurance company, and in return, they pay you income starting immediately or in the future. Annuities can offer:

• Guaranteed lifetime income
• Tax-deferred growth
• Protection against outliving your money
  They come in different types, including fixed, indexed, and variable annuities, depending on your needs and risk tolerance.