Life Insurance Everyone understands the necessity of life insurance. However, your needs change as your circumstance change. Time for a review?Life insurance is simply protection to ensure that your family will have financial security when you pass away. If something should happen to you, how will they be able to continue doing the things they take for granted, such as live in a nice home, continue their education, or create a retirement nest egg without you? Life insurance can help to provide the answer.

American Retirement Group will get you the best rates on your insurance needs. We work with the best A rated insurance companies in the US. However, we believe that our highest priority is matching your needs and interests with the policies that will protect you best when there is a loss.


Family protection to provide financial security to surviving family members on the death of the insured person.


To pay for children's education.


Insurance to cover a particular need such as paying off a mortgage or consumer debt upon the insured's death.


Business insurance to compensate a company on the death of a key employee or to provide a surviving partner the resources to buy out the deceased partner's share of the business.


To provide funds to pay estate taxes or other final obligations necessary to settle a deceased person's estate.


To provide the funds necessary for the deceased person's burial expenses.


Accumulation of funds to supplement retirement income.


To keep the life style your family had before the unthinkable.

There are several kinds of policies that may be available to you. Term life insurance policies provide life insurance protection for a specific period of time or term. If you die during the coverage period, the beneficiary named in your policy receives the policy death benefit. If you don't die during the term, your beneficiary receives nothing. Common term policies last for 10, 15, 20 and even 30 years.


Permanent insurance policies provide insurance protection for your entire life as long as the policy remains in force. In addition to the insurance protection provided, this type of policy also builds cash values, often described as a savings account within the policy.


The different kinds of permanent insurance policies:


          Whole life

          Universal life

          Joint life (first to die)

          Survivorship (second to die)


You also need to know that the cost of life insurance will depend upon the type of policy, your age, and your health at the point in time when the policy is issued.


A life insurance contract is made up of provisions, options, and riders. Provisions describe or explain features, benefits, conditions, or requirements of the contract. Options are features of the agreement that require you to make a choice regarding some aspect of coverage. Riders are additional coverage (or endorsements) offered by the insurer at the time of application and added to the standard agreement in return for an additional premium. Finally, you need to know the tax consequences of owning life insurance.


          Life insurance premium payments are not tax-deductible expenses.


          In general, the death benefit paid to the beneficiary is not included in

          gross income for federal income tax purposes, because it is paid with

          after-tax dollars.


          You must be very careful about who owns the policy and who the

          beneficiaries are, in order to avoid estate taxes on the proceeds when

          you die.

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