Life Insurance

At TSM Insurance, life insurance policies are designed to take care of your family if you can’t It’s not a pleasant thought, but some things we cannot predict. Planning for the financial future of your family includes ensuring that your family will have a roof over their head and will be able to live comfortably if you’re no longer there.

The Value of Life Insurance

Here are some things to consider if you haven’t already purchased a policy:

  • An unexpected loss should always be considered in your financial plans
  • You can guarantee better rates the younger and healthier you are
  • The value of a life insurance policy appreciates and results in an asset that can be used as collateral for loans, or even cash withdrawals
  • Time is on your side

Both loans and withdrawals from a permanent life insurance policy may be subject to penalties and fees and, along with any accrued loan interest, will reduce the policy’s account value and death benefit. Be sure to speak with a TSM agent regarding additional policy information and to determine what plan provides best for your family’s needs.

Planning for the Future

Recent changes in Federal tax law, as well as some uncertainty about projected modifications, may affect how you plan for your future. Now more than ever, it’s important that you consult with a qualified financial, tax, or legal advisor to help ensure that your estate plan adequately addresses your needs and those of your beneficiaries, no matter what happens.

Annual Policy Review

Change is the only constant surrounding us. As our lives change, so does our financial situation. That’s why it’s critical that you perform an annual review of each of your policies, especially life insurance, to assure that you’€™re properly covered.

There are a number of variables that may influence your life situation and, thus, the effectiveness of your life insurance coverage:

  • A marriage
  • The birth or adoption of children
  • The purchase of a new home
  • A new job or promotion
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