Life Insurance
Life insurance is a contract that guarantees payment to a beneficiary after the death of the person who is insured. It can be used for a number of needs — including family protection, business planning, supplemental income and estate and charitable planning.
One of the most attractive features of life insurance is that its death benefit is free of federal income tax, and if properly structured, free of federal estate tax.
Types of life insurance:
Term life insurance policies are designed to provide temporary protection at an affordable cost — particularly in the earlier years. The contract between the policy owner and the insurance company is for a specific period of time or “term.” Term policies deliver pure death benefit protection and appeal to those seeking cost-effective, temporary coverage.
Permanent life insurance, including Whole Life, Universal Life and Variable Universal Life, provides coverage for an insured's lifetime and remains in force until the policy matures provided that the required premiums are paid. Many of these policies are designed to generate cash value that accumulates tax-deferred, which can be used to fund future premiums, supplement retirement income or provide for other cash needs.
Sun Cornerstone Group, Inc works with the top Insurance carriers, to present an unbiased, independent custom-tailored rate quote and/or current policy review