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Ohio licensed, located. Serving Ohio residents and business owners. |
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summit home | auto & more | homeowners/renters |
business protection | life &
health | service center |
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Ohio licensed, located. Serving Ohio residents and business owners. |
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summit home | auto & more | homeowners/renters |
business protection | life &
health | service center |
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Coming Soon...Buy AUTO insurance instantly online! |
Life Insurance: Advantages
Advantages of both death and living benefits vary. We'll work with you to find the best company and coverages for you and your family.
- The death benefit provides tax-free income tax-free to your named beneficiary(s) to be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind, and can protect your business by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.
- Living benefits ensure the cash value growth of a permanent life insurance policy is tax-deferred*. Loans** or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses.
*Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 ½. Consult a tax advisor on
your specific situation.
> Click here or see "Must Know" info below more info.
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Unsure of how much coverage you should have? Click here>
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Summit Insurance Agency 5170 Darrow Rd. Copyright © 2006 - Summit Insurance Agency |
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