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Insurance Services

General Life Insurance

Are you preserving the assets you spent years accumulating? Are you protecting the economic value of your life? With life insurance, you can fulfill your promises to your family and your business.

When you think of life insurance, what goes through your mind?

  • Do you need life insurance at all?
  • How much do you need?
  • What policy would be suitable for you?

Maybe you wonder:

  • How would life change if your children were suddenly parentless?
  • Do you have sufficient retirement income?
  • Have you provided liquidity for your heirs to cover any potential estate tax liability?

Life Insurance Can:

Provide protection for your family

You should have life insurance to protect your family. Life insurance can help preserve the assets you spent years accumulating. It also protects what you plan to accumulate during your life for your family -- just in case you're not around to accumulate it.

Be an investment vehicle

Life insurance is not only for your beneficiaries, but can also be used as an investment vehicle during your lifetime. It can provide tax-deferred accumulation and tax-free policy loans and withdrawals.

Provide liquidity for paying estate taxes

Life insurance can also be a source of liquidity to help pay estate taxes when they're due. Estate taxes must be paid in cash within 9 months of death. The proceeds of a life insurance policy are payable immediately in cash and pass to beneficiaries income-tax free. By insuring your life for an amount equal to your estate tax liability, you can create sufficient liquidity to cover estate taxes.

Citigroup, Inc., its affiliates, and its employees are not in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matters(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Policy loans and withdrawals will affect the cash value and the death benefit of the policy. Policy loans and withdrawals are subject to MEC limitations. Policy withdrawals in excess of the basis will not be income tax-free.

Insurance products are offered through SBHU Life Agency, Inc.

For more information, please contact your Financial Advisor.

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