Life Insurance for Supplemental Income and Income Protection

Life Insurance is primarily thought of as a death benefit but there are living benefits that can be used from a life insurance policy.

Permanent Life Insurance can be accessed by using loans to fund current needs. All of the money from a life insurance policy can be obtained tax free if the life insurance policy is structured correctly.

Term Life Insurance does not have any cash value. Some insurance companies allow living benefits that can only be accessed when the insured has suffered a chronic or critical illness.

Business Owners use life insurance for Key Employee Insurance, Estate Planning, Buy Sell Agreements, and Executive Bonus Plans.