Protect Your Family. Protect Your Future.
What Would Your Family Do If Something Unexpected Happen To You?
Why Hire Palma Financial
Life Insurance Designed To Fit Your Needs
Life Insurance Solves Many Needs
Many people view life insurance as just another expense. Here at Palma Financial, we use life insurance services as an asset as well. Here are a few ways life insurance can be used in a sound financial plan:
The primary function of life insurance is to provide funds to a surviving spouse or loved one in the case of lost income. The death benefit is tax free and goes to the beneficiary for support.
Using life insurance as a tool to provide a means for kids and grandkids to go to college is very common. The idea of direct children and descendents benefiting from a difficult time is of great comfort to many clients.
Life insurance can provide tax free income at retirement! Many people don’t realize, but using life insurance this way, turns it into an asset rather than a liability.
Build a foundation or a charity. Donate to your college or high school. Make an impact in the community around you. These are the goals that many of my clients have already achieved.
If you have a higher net worth, you run into the unique problem of estate taxes. Life insurance can be used to cover that bill, so your beneficiaries don’t have to sell assets out of your estate.
Certain products that we have guarantee you will be insured. Additionally, if you purchase life insurance for kids or young adults, they can keep and use this policy later in life, even if they become uninsurable.
"Having an accountant is valuable. As my business began picking up speed, I realized that I couldn't do accounting myself, and hiring someone full time wasn't an option. Palma Financial fits this need perfectly. Thank you!"