Life insurance can be an important part of financial planning throughout every stage of your life. We can help you understand what type of coverage is best for you and how to find the right features and options for your needs. GPM Life has insurance professionals available to help you and answer your questions and concerns.
Why life insurance is important
Life insurance is the unique product that pays benefits to beneficiaries income-tax-free. This tax advantage is the key for end-of-life planning. But life insurance is just as much about planning for life and your future goals.
For a business, life insurance can be used as the basis for a buy-sell agreement, or to protect key employees and the business itself. Life insurance can also be to pay potential estate taxes, provide retirement income, offer additional mortgage protection, fund children’s college education and protect loved ones from having to pay debts or final expense costs that are not covered by Social Security.
Life insurance riders and options are available as well to help you get the right coverage that meets your needs now, and for the future.