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If you die prematurely, you want to make sure your financial obligations are settled without placing a difficult burden on your loved ones.   Life insurance is one of the best ways to protect your family and business financially.

Reasons why you might need life insurance:

For Yourself

To settle your personal expenses such as mortgage loans, student loans, auto loans and credit accounts. 

 For Your Family

If you provide income for your family and die prematurely, life insurance can provide temporary tax-free income, pay for funeral expenses and provide education funding for your children. If you are a single parent, insurance will give your children the necessary financial resources to carry them into adulthood.

For Your Business

If you are a partner in a business, life insurance can finance a buy-sell agreement that plans for the continuation of the business after the death of a partner. It can also finance a key person life policy. This insures a person whose participation in a business is necessary to its success and whose death would cause financial loss to the business.

These tax references are for information and education purposes only. Please consult your tax advisor to determine how this information may apply to your own situation.

Choose from one of the following types of insurance to learn more about what products make the most sense for your needs: 

• Universal Life Insurance
  Life insurance that combines the low-cost protection of term insurance with a savings component that is invested in a tax-deferred account. The resulting cash value may be available for a loan to the policyholder. Features include a range of premium payment choices with the ability to vary the amount and frequency of premiums and adjust face amounts as your circumstances change. 

• Term Life Insurance
  Life Insurance that provides protection for a specified period. It is often considered a lower-cost, practical, short-term option, especially for young families with young, dependent children and often a monthly home mortgage payment to make.

• Annuities
  Annuities help you invest soundly in your future. Your investment grows tax-deferred and with proactive planning, this can help you reach your financial objectives such as maintaining your current standard of living during your retirement.

• Please Contact Me
  Are you interested in learning more about IA American and our products? Let us know how we can help you.