While home and auto insurance protect the things that matter most – life insurance protects the people who matter most in your life. And making sure you have the right life insurance is critical when it comes to planning for your future and the future of your loved ones.

At Insurance Services, our team of experienced agents includes a dedicated Life and Health Insurance expert focused on finding the right coverage for you, and helping ensure your policy continually meets your needs.

Advantages of Life Insurance

Life Insurance Death Benefit - When you pass away, your life insurance provides income (tax-free) to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes, or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Living Benefits - The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

Life Changes. So Should Your Policy

There is no 'one size' fits all when it comes to life insurance. Our clients in Washington have different needs then our clients in Oregon and Idaho and our agents understand each life insurance policy is unique to each client. As your life changes, your life insurance coverage may need to change in order to adapt to your new needs. Some life transformations that may require a policy “tune-up” include:

• You recently married or divorced
• You have a new child or grandchild
• You have opened or expanded a business
• Your health or your spouse’s health has deteriorated
• You are providing care or financial assistance to a parent
• Your child or grandchild requires assistance or long-term care
• You recently purchased a new home
• You are planning for a child or grandchild’s education
• You are concerned about retirement income
• You have refinanced your home mortgage in the past six months
• You or your spouse recently received an inheritance
• You have a sizable estate

What You Need to Know

Insurance Services can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:

• Term Life Insurance

  Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent (whole) life insurance, and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 20-year (level term) period.

  Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

• Whole Life Insurance

  Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.

• Universal Life Insurance

  Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

What type of life insurance is best for you? Just ask us. We can assist in identifying the best protection for you.

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