Life Insurance Policies

Life insurance offers many benefits to both the insured and their beneficiaries. By taking the time to understand the benefits of the different policies offered, you can be sure your client is purchasing the right policy to meet their needs. Three of the top reasons for purchasing life insurance are:

• Cover Final Expenses: Life insurance policies can cover the cost of your client's funeral, debts, outstanding medical bills, and other expenses.
• Replace Lost Income: Life insurance can help replace your client's income, ensuring those who are dependent on them will be taken care of after their death.
• Wealth Transfer: The tax-free death benefit of a single premium whole life policy not only increases the value of an inheritance, it allows for the easy transfer to your client's beneficiaries by avoiding costly and time-consuming probate.

With the convenience of a single payment, your client can transfer the money set aside for their children, grandchildren, or charity, federal income tax-free.

Single premium life insurance takes advantage of current tax laws to minimize tax liability by increasing the size of your client's estate in a tax efficient manner and protecting beneficiaries from being moved into a higher tax bracket.

Founded in 1965, Oxford Life Insurance Company is rated "A" Excellent by AM Best, a global credit rating agency for the insurance industry. Contact us today to learn more on becoming an agent with Oxford Life.