Don Evans Insurance Agency

Truck Equip, Home, Life, Health, Auto Insurance

Rec Vehicles, Mortgage Loans, Claims Info

LIFE INSURANCE

Life Insurance is a crucial step in planning for your family's future. It can fulfill promises and obligations to your family if you are no longer living.

Plan for the future

The death benefit is income-tax free and can be used to cover funeral expenses, repay debt, provide education, pay estate taxes or any other expenses your survivors may incur.

Life Insurance may also be used to help ensure that a family business will pass to your intended survivor.

There are also benefits to certain types of life insurance policies during your lifetime.

The cash-value growth of a permanent policy is tax deferred. You do not pay taxes on the cash value increases while inside the policy.

The cash value earned and borrowed from a permanent life insurance policy can be used to help with emergency expenses, college costs or retirement income. Policy loans reduce cash values and death benefits and may be subject to other charges outlined in the policy.

Your need for life insurance is dependant on your personal and financial needs and goals. As your life changes, your life insurance coverage may need to be updated to adapt to your new needs. We offer a wide variety of coverage's to provide what is right for you, now and in the future.

• Term Life Insurance provides protection for a specified period of time. Initially the cost is affordable but this type of coverage should be thought of as temporary since it typically has a specified perriod of coverage or if it renews on an annual basis the cost at later years will make it cost prohibitive to continue it. Term policies may be convertible to permanent coverage.

Term policies contain no cash values, are designed for pure protection and are particularly suitable . . .

For protection against outstanding loans and debts for which family members or other may be responsible.
For families who feel they cannot currently afford a permanent policy but who need to protect their children from financial hardship due to the potential loss of a parent.
As a means of protecting against mortgage obligations.
To guard against uninsurability in the future... if you buy term insurance now, you can continue this coverage even if you become uninsurable.
To protect key people of a business in its formative years of growth.
To provide coverage on other family members.
To purchase time - time to increase your earnings so that the coverage can be converted to a permanent cost value life insurance to policy without evidence of insurability.

• Permanent Life Insurance has a wide array of options built into the policy, but the basic concept is to provide a policy which will be in-force for the life of the insured. Because this type of policy typically has a permanent, constant, level premium, it will be considerably more expensive than term insurance. It will however have an additional benefit since a portion of the annual premium will be used to fund a cash value account, which can be used for various purposes including, supplementing retirement income, paying off a mortgage, funding a college education or meeting a variety of other financial needs.

FOR A LIFE INSURANCE QUOTE - Click Here