Lincoln Financial Group life insurance through Finley Davis is an excellent tool for protecting your loved ones. Life insurance can help to diversify your portfolio, protect a business you’ve built, and potentially reduce future taxes. Here’s a look at the key benefits of several types of Lincoln Financial Group life insurance through Finley Davis.
Temporary life insurance that provides a guaranteed death benefit with no income taxes for a set period is known as term life insurance. With term life insurance, you can expect to pay a premium for a set period and receive a guaranteed death benefit if you pass away during the term. Term life helps individuals secure protection for their loved ones quickly and easily. Two types of term life insurance are available:
Lincoln TermAccel® provides hassle-free, fully automated coverage for terms of 10,15, 20, or 30 years. It may be the best choice if you are in good health and want affordable coverage quickly.
Lincoln LifeElements® term insurance offers broader coverage. Also available in terms of 10, 15, 20, or 30 years, this type of life insurance policy provides more than $1 million in coverage.
Lincoln Financial Group makes applying for term life insurance easy. After meeting with your financial professional at Finley Davis, you’ll need to complete an application online or over the phone. In many cases, a medical examination may not be necessary if your policy coverage is less than $1 million.
Finley Davis also offers permanent life insurance policies from Lincoln Financial Group. Permanent life insurance provides a lifetime of coverage. In addition to the immediate death benefit, permanent life insurance policies also offer the opportunity for growth, access to the cash value of the policy, and potential tax advantages. Three types of universal life insurance policies are available:
Universal life insurance offers lifetime coverage, with interest earned at a set rate. It includes income tax-free access to the policy’s cash value.
With an indexed universal life insurance policy, interest is linked to a market index, such as the S&P 500. This allows you to invest in indexed accounts and to benefit from good economic markets. Indexed universal life insurance also provides income tax-free access to the cash value of the policy.
Variable universal life insurance puts you in control of choosing the amount of coverage and the duration of the coverage. These policies are often best suited to those who want to use their life insurance policy to build wealth. Interest and the cash value of the policy will fluctuate based on your chosen investments. Variable universal life insurance policies offer incredible growth potential and access to the income-tax-free cash value.
Based in Eugene, Finley Davis is an independent financial firm that offers life insurance through Lincoln Financial Group and other insurers. Our team of financial advisors, wealth management specialists, and estate planners has great flexibility in providing solutions because we are not restricted by a large corporate structure. To schedule a meeting, contact us today.