Preparing For the Future Today

CT life insurance.

When people choose to purchase a life insurance policy in Connecticut, it’s because they want to provide for the people they’re most concerned about. In the event that something happens to you, and you’re no longer there to provide for a husband or wife, or children still living at home, you’ll want the comfort of knowing that your family will have funds necessary to take care of present issues, and aid them in getting through a very difficult time in their lives.


There’s a certain peace of mind associated with the knowledge that there will be provisions in the form of a death benefit to your beneficiaries. This can also be a way for you to receive specific benefits, while you’re still alive and well, in order to aid your family if you become incapacitated. These are some of the wonderful benefits of purchasing


Benefits become available in the event of your death


Most policies will help pay many final expenses, debts, estate taxes, or any other outstanding financial debt. This way, beneficiaries won’t have to pay taxes on the death benefit amount. In addition, monies that the policy accumulates in cash value over time will be tax deferred unless the money is withdrawn before maturity.


In most instances the policy (as long as it’s a permanent life policy and not term life insurance) can be used to pay the down payment on a home, or go towards your children’s college tuition (barring any tax issues that may be present).


You determine how much life insurance is needed


The amount of ct life insurance differs for different individuals and can depend on the individual’s obligations (for example, if you have a spouse and dependent children) as well as your particular financial situation. This is something that needs to be reviewed with your agent.


CT life insurance.

Optional plans are available


Term Life Insurance is purchased for a specific period of time, but can also be converted to a permanent form of coverage should your needs change. There is also Whole Life, which provides coverage throughout your lifetime, provided the premium is paid up to date. With this type of policy, protection is provided, up to the policy’s face value, and cash value growth over time.


Universal Life Insurance builds cash value at an interest rate that’s guaranteed not to go below a level specified in the policy. Speak to an agent to determine which ct life insurance coverage might best work for you.