Newman Crane & Associates Insurance | Central & Orlando, Florida

Life insurance is one of those steps we take more for our loved ones than for ourselves. It provides a death benefit to your beneficiaries upon your passing, but also offers certain benefits while you’re alive.

Benefits in the Event of Your Death:

• Life insurance will pay your final expenses, debts, estate taxes, and any other financial responsibilities you may leave behind, without incurring a tax load for your beneficiaries.
• Can be used by business partners to buy out the interests of the deceased partner and help ensure the continuity of your business.

Benefits While You Are Living:

• If your policy grows in cash value over time, any tax on that increase is deferred unless you withdraw the money before maturity.
• Assuming your policy is permanent life as opposed to term life, it can become a good source of funds for a down payment on a home or your child’s college tuition (with possible tax issues, as mentioned above).

How Much Life Insurance Do You Need?

Since we all have different obligations and different financial situations, the amount of life insurance you need may vary according to your personal circumstances. If you have a spouse and/or dependent children, you need at least a basic life insurance plan. You may elect a higher level of coverage in the event you support aging or disabled parents or other close relatives, are looking to fund your retirement needs or those of a spouse, will be executing certain aspects of a large estate, or are protecting the ongoing sustainability of a business you share with a partner.

Life Insurance Plans We Offer

At Newman Crane, we can match your needs to the specific type of insurance plan that suits you best. We offer a variety of plans, including: Term Life Insurance, Whole Life Insurance, and Universal Life Insurance. We will be happy to go over the specifics of each these plans, how they work, and the benefits offered.

Call Us to Discuss Your Life Insurance Needs.

Our Orlando Florida Life insurance specialists can help you find the right type of policy, ensuring adequate but not excessive coverage. For an assessment of your particular requirements, call us today at 877.874.4673 or fill out the convenient information request form on this page.