Taking out a life insurance policy lets you care for your family, even after you're gone. When you pass away, your life insurance beneficiaries get the death benefit from your policy.
Smith & Sons Insurance Agency can help you leave a legacy for your family. Contact us today to schedule an appointment to discuss your life insurance policy options.
The death benefit from your insurance policy is tax-free, meaning your beneficiary won't have to pay income tax on it. They can use the entire amount to cover:
Funeral costs: The average funeral costs between $5,000 and $10,000. Make sure your loved ones can honor you the way they wish.
Debt: After you pass, your heirs will become responsible for your debt. Make sure you don't leave your loved ones with financial burdens.
Other death-related expenses: Estate or inheritance taxes can cost your heirs thousands of dollars. Your life insurance can offset that.
Call 580-353-0668 now to ask an agent how life insurance can benefit you during your lifetime.