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Unlike your cell phone, you cannot be replaced. With life insurance, if you were to die, your insurance allows your family to maintain the financial stability you worked so hard to create during your lifetime. At Topo Financial, we believe that life insurance is one of the most important purchases you will ever make. Life insurance can help with everything from paying the mortgage to paying for college and all the big and small opportunities in between. What if for the same amount as your cell phone insurance, you could protect your family's financial future? That's right, about $15 a month gets you around $300,000 in life insurance. Life insurance may be more affordable than you think. But which type of life insurance is right for you, your family, and your situation? |
Is permanent life insurance right for you?
Permanent life insurance offers your dependents protection for your entire life and accumulates a cash value which can be borrowed against (tax-free) for things like retirement, education, or other financial goals. In addition to building equity, with permanent life insurance, you can entrust a death benefit to your dependents free from federal income tax.
While this type of insurance usually has higher premiums at the beginning, permanent insurance is usually the best fit for business owners, those concerned about asset protection, and individuals with long-term protection needs.
Is term life insurance right for you?
Unlike permanent life insurance, term life insurance expires when the set "term" or specific amount of time is up. Also unlike permanent life insurance, this type of insurance does not build equity so when the term expires, the policy has no value. However, in many cases, when the term expires you will have the option of extending to a permanent life insurance plan.
Permanent life insurance offers your dependents protection for your entire life and accumulates a cash value which can be borrowed against (tax-free) for things like retirement, education, or other financial goals. In addition to building equity, with permanent life insurance, you can entrust a death benefit to your dependents free from federal income tax.
While this type of insurance usually has higher premiums at the beginning, permanent insurance is usually the best fit for business owners, those concerned about asset protection, and individuals with long-term protection needs.
Is term life insurance right for you?
Unlike permanent life insurance, term life insurance expires when the set "term" or specific amount of time is up. Also unlike permanent life insurance, this type of insurance does not build equity so when the term expires, the policy has no value. However, in many cases, when the term expires you will have the option of extending to a permanent life insurance plan.
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With term life insurance, benefits are transferred to your dependents free from federal income tax if you die during the coverage term.
Term life insurance is our most popular life insurance policy in part because it can be extremely affordable. It's a great fit for younger families who need to protect their dependents against the loss of the primary income provider for a period of time while still raising a family and possibly paying off student loans, etc. Term life insurance is a relatively simple product to understand; It's pretty straight forward. And it's highly competitive. In fact, due to the relationships |
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we've established with over 30 nationwide insurers, when you submit a life insurance quote request with Topo Financial, those 30+ insurers will automatically compete for your business allowing us to get you the best possible coverage at the lowest possible rate.
Let us be your personal life insurance guide.
Permanent and term life insurance both offer a bevy of benefits for your family as well as some trade-offs. At Topo Financial, we take life insurance personally. Let us personally guide you through selecting the best insurance options for you, your family, and your situation. We will present you with all your options while talking you through those benefits and trade-offs, so that you can make the best choice for your family.
Let us be your personal life insurance guide.
Permanent and term life insurance both offer a bevy of benefits for your family as well as some trade-offs. At Topo Financial, we take life insurance personally. Let us personally guide you through selecting the best insurance options for you, your family, and your situation. We will present you with all your options while talking you through those benefits and trade-offs, so that you can make the best choice for your family.