Life Insurance

You want the best for your loved ones and the people who depend on you. That’s why Morgan & Associates offers so many life insurance options. So you can plan for the future, prepare for the unexpected, and make sure the people you care about are taken care of. No matter what.

Life insurance can be used for:

• Final expenses
• Paying off debt/mortgage
• Making mortgage or rent payments
• Providing an income to your heirs
• Transferring an inheritance to your heirs
• Paying estate/inheritance taxes and costs
• Business continuation

Term Life Insurance
Term life insurance offers financial protection for a specific time period. While they don’t build cash value, some policies can later be converted to permanent life insurance.

• Maximum protection for a low premium
• Level premiums for specified periods of time
• May be convertible to permanent life insurance if your needs change

Permanent Life Insurance
There are a variety of permanent life insurance options, such as whole life and universal life, to match your needs. Along with a guaranteed death benefit, these policies may offer the opportunity to take withdrawals and loans and can give you substantial tax benefits.

• Potential for cash value to grow tax deferred
• Tax deferral and compounding interest promotes quicker accumulation
• Loan provisions

Whole Life Insurance

• Premiums stay the same over the entire life of the policy
• Guaranteed cash value accumulation
• Potential for excess interest credits in some policies

Universal Life Insurance

• Premium payment flexibility
• Cash value grows at an interest rate set quarterly by the issuing company
• Flexible premium payment and death benefits based upon your policy’s minimums and maximums