At Strong Tower, we are proud to work with our clients on one of the most vital decisions made: preparing for your future. Life insurance is a tool used to transfer the financial risk of loss to the insurance company. A sound insurance strategy can help protect your family and give you reassurance knowing that your finances and beneficiaries are secure - from temporary to permanent coverage.

As a Life Insurance Broker, Jenna understands that as things in life change, so will your financial and insurance needs. That’s why it's important to review your Life Insurance options with a specialist you can trust.
Most people use life insurance to provide money to beneficiaries who would suffer a financial hardship upon the insured's death. However, for wealthy individuals, the tax advantages of life insurance, including the tax-deferred growth of cash value, tax- free dividends, and tax-free death benefits, can provide additional strategic opportunities.

The death benefit of a life insurance policy is usually tax-free. Wealthy individuals sometimes buy permanent life insurance within a trust to help pay the estate taxes that will be due upon their death.

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. Also, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change. Where you can select a specific number of years for your coverage, for example ; 5-Year Term, 10-Year Term, 15-Year Term, 20- Year Term, and 30 Year Term.

FINAL EXPENSE INSURANCE

Final expense insurance is a whole life policy that pays medical bills and funeral expenses when you die. It's also known as burial or funeral insurance. It's a popular choice among seniors. Most final expense plans have these features: Whole life insurance – no expiration if premiums are paid.

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.