“Life insurance isn’t for the people who die. It’s for the people who live.” There is no better way to protect your family’s future than with Life Insurance. It is often the least cost, highest benefit program you can implement. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. Life insurance can also provide benefits while you are living. From Term Life Insurance to Permanent Life Insurance, we have the solutions you need. We represent some of the finest companies available and offer excellent rates and personal service. Whether you are in outstanding health or less than outstanding health, we will work to find the best plan for you. Our goal is to help you find the best protection for your family. We invest in understanding your unique situation, and we make our recommendations based upon your specific needs and those of your family. Experience what makes dealing with Leone- Knipp Insurance Group, LLC for life insurance and other financial service needs unique. Advantages of the Death Benefit   1. Provides income tax-free money to your named beneficiary(s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind. 2. Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation. Advantages of Living Benefits 1. The cash value growth of a permanent life insurance policy is tax-deferred1, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.   2. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home. Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 1/2. Consult a tax advisor on your specific situation. Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract. Assessing Your Need The amount of life insurance you select should be dependent on your personal and financial needs. We can assist you in determining an appropriate coverage amount and help you decide on which type of life insurance is right for you.   Generally, you should consider life insurance if you have: 1. A spouse 2. Dependent children 3. Aging parents or a physically-challenged relative who depends on you for support 4. Retirement savings that is not sufficient to ensure your spouse's future financial well-being 5. A sizable estate 6. A business Life Changes - So Should Your Policy As events happen in your life, your life insurance coverage may need to change to adapt to your current needs. Some life changes that may require you to reevaluate your coverage include: marriage, divorce, a new baby, purchase of a new home and retirement. Most popular Life Insurance Products: Term Products Term Life Insurance: The simplest form of Life coverage, term insurance is no more than a matter of premiums and a death benefit. The name fits since term insurance's span of coverage lasts only a specified period of time; if the insured dies while the policy is in force, the death benefit will be paid to the designated beneficiary.   Whole Life Products Whole Life Insurance: Permanent form of Life coverage that is provided for the insured's lifetime. Whole Life policies feature guaranteed level premiums, and build cash value that the policy owner may use to keep the policy in force, or may borrow during the insured's lifetime, at a reasonable rate of interest. Universal Life Products Universal Life Insurance: Permanent form of Life coverage that offers a great deal of flexibility to the policy owner. Premium payments may be varied, death benefits may be changed, partial surrenders are allowed, and cash value may be accessed either through loans or direct withdrawals.