Life insurance provides a way to help those you care about to maintain their quality of life in the event of an untimely death and can also provide retirement and other benefits to you during your lifetime.
Life insurance can provide you with the growth and security you need to protect your dreams and goals over a lifetime.
Term life insurance provides protection at a low cost, but doesn't have cash value.
Permanent life insurance provides protection while providing an opportunity for cash value growth potential.
A life insurance policy can provide protection based on your current situation, goals and needs:
Permanent life insurance. Provides lifelong coverage that may build cash value
Term life insurance. Often costs less, but covers only a set period of time and does not have cash value
If you already took steps to financially protect your family, remember to periodically assess your situation and life insurance needs. Changes in your income, financial obligations and long-term goals mean the type and amount of life insurance you need may have changed, too.
When you discuss life insurance with KINFS advisor, you’ll need to review information about your financial situation. Including:
Current life insurance and savings
Current income and monthly expenses
Family commitments, such as college funding
Survivor's basic needs
Survivors' expected income vs. income needed to cover expenses for life
After assessing your coverage needs, your advisor can work with many carriers to identify and recommend the right insurance solution for you.
Choose for a specific time period (term)
Provides coverage for a selected time period such as 10, 15, 20 or 30 years
Your beneficiaries collect the proceeds of the policy if you pass away during the selected years
A term policy does not have cash value
Choose for long-term protection
Provides coverage until death, as long as premiums are paid on time
A permanent policy may build cash value
You can borrow from the cash value income tax-free to meet other financial needs
Contact us for more details Kalyan Kumar, 9908688889