You need life insurance to protect your family’s financial future. Empower Financial Group is a life insurance provider. You can rely on us for life insurance if you’re a consumer in Florence, KY.
Before you buy a policy, you should learn as much as you can about life insurance.
The following are four things that might surprise you about life insurance:
You can use life insurance to accumulate savings.
If you choose whole or universal life insurance, you can enjoy both a death benefit and a savings component in your life insurance policy. Whole life and universal life insurance accumulate cash value over time so that they allow you to grow your savings.
Taxes don’t need to be paid on money your beneficiaries get from your policy’s death benefit.
Life insurance offers tax benefits. That’s because beneficiaries don’t have to pay any taxes on the money they get from a death benefit on a life insurance policy.
There are many types of life insurance coverage available.
When you buy life insurance, you need to decide which type of life insurance to buy. There are quite a few different types of life insurance available.
You could choose term life insurance if you’re looking for a policy with lower premium costs that will only cover you for a limited period of time. You could also choose whole life or universal life insurance. Make sure you know what these different types of life insurance are before you decide on a policy type.
It’s possible to get life insurance without a medical exam.
Medical exams are typically required before consumers can buy life insurance. However, this is not always the case. Some life insurance providers offer no medical exam policies.
Reach Out To Us
Get a quote on life insurance in Florence, KY from Empower Financial Group. We’re here to help you find life insurance to ensure the financial security of your family.