Insurance Consultants of Central Florida

Life Insurance

Immediate Death Benefit	During your working years, your family is protected by the life insurance. In the event of your premature death, income-tax-free benefits are paid to your family.
Tax-Deferred Growth	Under current law, the annual growth of the cash value in a cash value life insurance contract is not subject to current income tax.
Flexibility	Certain types of cash value life insurance allow you to increase or decrease your premium payments, or make large, single premium payments.
Access to Cash Values	You can borrow or withdraw life insurance cash values prior to age 59-1/2 without tax penalty.*
Ownership	Since you own the policy, benefits are not affected by changes in employment or by changes in Social Security or employer-provided pensions.
Disability Protection	If you become disabled, the waiver of premium benefit can take over your premium payments for you.
Tax-Advantaged Retirement Income	The cash value in the policy can be converted to a retirement income that is partially or fully free from federal income tax.*
*	Withdrawals and loans will reduce the policy’s death benefit and cash value available for use.