Life insurance is financial stability for you, your family,
and loved ones.
A life insurance policy helps to ensure that your dependants
will have the financial resources needed to protect your home
and the income needed to run a household when you die.
Consider the family who has no coverage for the husband
(for example) who passes away too soon. The family home may
have to be sold because the mortgage payments could not be
paid and their standards of living may be lost because there
is one less income to provide for the family.
Life insurance is the financial protection needed to provide
what is needed when it is needed most.
The number one reason why people purchase life insurance
is to replace income that will be lost with the death of a
wage earner. Another benefit of life insurance is that the
proceeds are tax free when paid out.
This means that the government would receive no income tax
on the money paid to a beneficiary.
100% of the death benefit is paid to the beneficiary to use
or invest as they please. Life insurance plays an important
role in estate planning, cash accumulation, retirement planning,
and the transfer of wealth to your beneficiaries.
We here at David Hinds Financial can help you to determine
the proper amounts of coverage needed and the best type of
insurance to meet your needs. The more common insurance policies
we can help you with are:
- Term life insurance
- Mortgage coverage
- Whole life insurance
- Universal life insurance
- Critical illness insurance
- Disability insurance