It’s not pleasant to think about, but you need to start thinking about protecting your family and your assets in case something happens to you. If your loved ones depend on your income, you need to make a decision about how to protect your assets.
Encore Insurance Advisors offers both permanent and term life insurance. The difference between the two is that permanent is available for life, whereas term insurance is available for a specified period of time. Upon death of the insured, the death benefit will generally pass federal income tax-free to the policy’s beneficiary.