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Life insurance is a unique asset. Because
of its potential high yield and its tax-favored benefits,
it can be used to solve some of life's perplexing financial
problems. The Glatfelter Agency can help you choose the right
plan for your financial needs.
Potential Death Benefit Uses:
- Create an estate
- Pay death taxes and other estate settlement costs
- Fund a business transfer
- Pay off a home mortgage
- Protect a business from the loss of a key employee
- Replace a charitable gift
- Pay off loans
- Equalize inheritances
- Accelerated death benefits
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Types of Policies
In choosing the type of life insurance
policy you purchase, consideration must be given to the need
which is being fulfilled; e.g. funding retirement needs, creation
of an estate, payment of estate settlement costs, business
buy-out, key-man coverage, etc. Our team will help you determine
the best plan type for you.
Decreasing Term
Level premium, decreasing coverage, no cash value. Suitable for financial obligations which
reduce with time; e.g. mortgages or other amortized loans.
Annual Renewable Term
Increasing premium, level coverage, no cash value. Suitable for financial obligations
which remain constant for a short or intermediate period; e.g. income during a minor's
dependancy.
Long-Term Level Premium Term
Level premium, level coverage, no cash value. The annual premiums are fixed for a period
of time, typically 5, 10, 15, or 20 years. Suitable for financial obligations which remain
constant for a short or intermediate period; e.g. income during a minor's dependancy.
Whole Life
Level premium, level coverage, cash values. Cash value typically increases based on insurance
company's general asset account portfolio performance. Suitable for long-term obligations; e.g.
surviving spouse lifetime income needs, estate liquidity, death taxes, funding retirement needs, etc.
Universal Life
Level or adjustable premium and coverage, cash values. Cash value may increase based on
the performance of certain assets held in the company's general account. Suitable for long-term obligations
or sinking-fund needs; estate growth, estate liquidity, death taxes, funding retirement needs, etc.
Single Premium Whole Life
Entire premium is paid at purchase, cash values, level coverage. Provides protection as well as
serving as an asset accumulation vehicle.
For more information on how The Glatfelter
Agency can help, please contact us by calling 800-632-1884
or if you prefer, submit a request on-line
for more information.
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