Life Insurance

You work hard to give your loved ones every advantage. But would your family have the financial resources to maintain its lifestyle if you died?

While nothing can replace you, life insurance can help ensure that your loved ones have the financial security necessary to live out their dreams. Life insurance can help:

  • Pay the mortgage or any other debt.
  • Maintain your family’s standard of living.
  • Keep your children in their current school and fund college.
  • Pay for final expenses.
  • Leave a legacy.

Life insurance can also be more than a safety net. Depending on the type of life insurance, it can also be the foundation for a sound financial strategy. With permanent life insurance, for example, as you pay premiums, the policy accumulates cash value that grows tax deferred and can become a source of funding you can utilize to help meet your financial goals. 

That’s in contrast to term life insurance, which does not build cash value but is one of the most affordable types of insurance you can buy.

If you’re a business owner, offering life insurance as part of a comprehensive benefits package will help to recruit and retain valuable employees and give them the financial security they need while contributing to the success of your business.

Life insurance can also minimize the financial impact felt by the death of a key contributor to your business. Its proceeds or cash value can be used to cover the potential loss of business or recruit a successor.

Ted Sangalis

Ted Sangalis, CLU®

Wealth Management Advisor


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