MATTHEW C. DALEY

INSURANCE AGENCY

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© 2015 by Matthew Daley

85 Echo Avenue

Suite 2

Miller Place, NY 11764

Whole Life Insurance

Whole Life Insurance 

 

Whole life insurance is designed with exactly that in mind – your whole life. If you like financial certainty, than whole life insurance is the best permanent life insurance product for you. This policy will last your entire life with premiums and a death benefit that will always stay the same. This Insurance Program does more than just help to take care of expenses in the event of your death. It also provides you with living benefits that may help you throughout your life, retirement and beyond.

Policy Details on Whole Life Insurance

  • Policy lasts your entire lifetime

  • Coverage is best for ages 50-85

  • Medical exam is required to start a policy

  • Policy does build cash value

  • Coverage amounts range from $50,000-$1million+ 

  • Cash value growth is guaranteed 

With a whole life insurance policy, a portion of your premium goes to what is basically a sub-account within your policy (this is called the cash value). The cash value is then invested and can grow tax-deferred. A major benefit of our Whole Life Insurance product is your ability to use that cash value to fund your children’s college education, pay off your mortgage, or serve as income replacement for your family. The major difference with whole life insurance is that your investment rate of return may be fixed. That means your cash value will grow at the exact same rate every year.  The fixed premium payments will also never change, even when interest rates and stock markets do.
Whole life insurance also gives you the ability to borrow against your policy when you need it most. 

This product is meant to help make you financially solvent and stable no matter what you experience in your life, providing continuous and consistent value you can trust and rely on. To learn more about whole life insurance or any of our other life insurance products, call Matthew and his team, or fill out a form to request more information today!

Call today: (631) 744-3350

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Disclaimers: The foregoing is neither a contract nor an offer to contract, but is a general description of benefits available under a contract providing the benefits outlined. The exact provisions, terms and conditions of the contract are set forth in detail in an such contract as may be issued. Rates and benefits are based on applicant’s age and ability to qualify. The contract has limitations. For costs and complete details of coverage, contact your American National insurance agent.

1. Tax-deferred growth: income and growth an accumulated cash values have been held by the Tax Court to be generally taxable upon withdrawal. (T.H. Cohen, 3a TC 1055 (1963), ace.1964-1 CB 4 also, IRC Sec.72) Consult your tax advisor or attorney on your specific situation.

2. A two-year suicide provision is included in policies (one year in Colorado, North Dakota and Missouri). If a policyholder commits suicide during the first two policy years, only a refund of premiums will be made.

3. Tax-free death benefits – Proceeds from a life insurance contract paid because of the death of the insured re generally excludable from the beneficiary’s gross income for tax purposes. (IRC Sec. 101(a)(1))