Teri Goodwin

Margie Case

Life insurance is an essential part of the financial planning process. This is especially true if dependents rely on you financially. The main reason people buy life insurance is to replace the income that would be lost with the death of a wage earner. Life insurance proceeds can also help ensure that your dependents are not burdened with significant debt upon an insured person’s death. These proceeds could mean your dependents won’t have to sell assets to pay outstanding bills or taxes. An important feature of life insurance is that death benefits are not subject to federal income taxes, and if set up properly, benefits can be estate tax free when desired.

Types of Life Insurance Policies:

  • Term Life Insurance
    • Provides coverage for a specific period of time. Term policies are available for periods of 10, 15, 20, and 30 years
  • Permanent Life Insurance
    • Provides coverage for the rest of your life

To learn more about how life insurance can give you peace of mind and to discuss which type of life insurance policy will best fit your needs, please contact Teri Goodwin or Margie Case.

The insurance professionals at Burkhart Insurance Agency, Inc. will gladly answer all of your insurance questions and work with you to develop a solution for insurance coverage to meet your needs.
Contact us by phone at (800) 737-3600, use our Contact Form, or Click Here to E-mail us.