Life Insurance
Protection for Yourself and Your Family
Life insurance is a contract that guarantees payment to
a beneficiary after the death of the person who is
insured. It can be used for a number of needs —
including family protection, business planning,
supplemental income and estate and charitable
planning. One of the most attractive features of life
insurance is that its death benefit is free of federal
income tax, and if properly structured, free of federal
estate tax.
Gersh Insurance offers a broad range of life insurance
products for you to consider:
While most people associate life insurance with death
benefits, there are other common uses for life
insurance:
At Gersh Insurance, we also offer Disability Insurance.
When you have a disability of any type, your time,
energy, and emotions are all heightened as you begin
the journey to learn all you can so that you can regain
the best quality of life that you can, given your
particular circumstances. And, if you are married, and/or
if you have children, trying to communicate with them
what is going on with you, as well as to your doctors,
becomes a difficult chore also.
With all of this chaos in your life, the absolute last thing
that you need to worry about is money! What if I can't
work any longer? How will the bills be paid?
Perhaps you are saying that you do not need any
disability insurance. Consider the following:
Life insurance is a contract that guarantees payment to
a beneficiary after the death of the person who is
insured. It can be used for a number of needs —
including family protection, business planning,
supplemental income and estate and charitable
planning. One of the most attractive features of life
insurance is that its death benefit is free of federal
income tax, and if properly structured, free of federal
estate tax.
Gersh Insurance offers a broad range of life insurance
products for you to consider:
- Term Life for when you are going to college,
getting married, have a new job, starting a
family, or taking out a loan. Term life insurance
policies are designed to provide temporary
protection at an affordable cost - particularly in
the earlier years. It covers you for a specific
period of time - from 10 to 30 years. - Permanent Life, including Whole Life, Universal
Life and Variable Universal Life, provides
coverage for an insured's lifetime and remains in
force until the policy matures provided that the
required premiums are paid.
While most people associate life insurance with death
benefits, there are other common uses for life
insurance:
- Income Replacement if you are a working spouse,
and your family relies on your income to pay bills.
A life insurance policy can help to replace that
income when you're gone. - Debt Payoff for when you die, and your family still
owes the debt you have. A life insurance policy
can help them pay off that debt. - Funeral Expenses since they are expensive. Life
insurance policies give your family a means of
paying for your funeral that won't affect their
budget. - College Tuition in the event that, left alone, your
spouse may no longer be able to fund your
children's college savings plans. A life insurance
policy can provide funds to pay for their schooling. - Estate Taxes should you have a large estate to
pass on to your heirs, then there will be estate
taxes to pay. A life insurance policy can provide
the funds necessary and prevent the liquidation
of your assets.
At Gersh Insurance, we also offer Disability Insurance.
When you have a disability of any type, your time,
energy, and emotions are all heightened as you begin
the journey to learn all you can so that you can regain
the best quality of life that you can, given your
particular circumstances. And, if you are married, and/or
if you have children, trying to communicate with them
what is going on with you, as well as to your doctors,
becomes a difficult chore also.
With all of this chaos in your life, the absolute last thing
that you need to worry about is money! What if I can't
work any longer? How will the bills be paid?
Perhaps you are saying that you do not need any
disability insurance. Consider the following:
- The chances of using your Homeowners
Insurance are about 1 in 88. The odds of using
your Auto Insurance at about 1 in 47. The
chances of using your Disability Insurance is
about 2 in 5. - One out of two women and one out of three men
will spend some time in a nursing home. (Journal
of the American Society of CLU, 1996) - More than 12 million older Americans will require
some form of long term care by 2020. (Health
Insurance Association of America) - 72% of residents in a nursing home are women.
90% of nursing home residents are over the age
of 65. 22% of the disabled population is under
age 65. (Puget Sound Life Underwriters Journal
1996) - Functionally disabled people between the ages
of 18 and 64 represent 40% of Americans
needing long term care services. (Life Insurance
Selling 1995)
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