Life Insurance

from McGee & Thielen Insurance Brokers

Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. Life insurance can also provide benefits while you are living.

Advantages of the Death Benefit

  • Provides income tax-free money to your named beneficiary(s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind.
  • Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Advantages of Living Benefits

The cash value growth of a permanent life insurance policy is tax-deferred1, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.

Loans2 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.

(1) Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 ½. Consult a tax advisor on your specific situation.

(2) Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.

Ready to find out more? Ready to buy?

Start saving today
Get a Life insurance quote

We know how to find discounts on life insurance you may not find on your own. Give us a call, or get a quote online today.

Sacramento Life insurance

Bookmark our mobile website
m.mcgeethielen.com

Conveniently access customer service and claim info directly from your cell phone. Read more.

Additional navigation:

Home | About | Contact | Privacy Policy | Companies | Search | Disclaimer

© 2014 McGee & Thielen Insurance Brokers
California License # 0633187

McGee & Thielen Insurance
3840 Rosin Court #245
Sacramento, CA 95834

916-646-1919
8AM - 5PM Mon - Fri