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Life Insurance

Life insurance can provide financial benefits that help you and your family now, not just when you're gone.

Providing for you

You can trust your Burnside Insurance agent to serve you with honesty and integrity, helping you choose the correct insurance for your life and needs. And to help you take advantage of your policy's full potential, we'll make sure you understand all the benefits your life insurance provides.

Life Insurance can be used for:

Final Expenses
Paying off debt / mortgage
Making mortgage or rent payments
Providing an income to your heirs
Transferring an inheritance to your heirs
Paying estate / inheritance taxes and costs
Business continuation

If applicable, the cash value can be accessed through partial surrenders and/or loans to meet immediate or future income needs including:

Supplemental college funding
Supplemental income
Rewards for key employees

A policy that fits

Term life insurance and permanent life insurance are the two primary types of life insurance. Term life offers financial protection for a specific time period. Permanent life can be very flexible, offering numerous living benefits and investment options.

With so many options we'll help you choose the policy that's right for you and your life.

Term Life Insurance

Term life insurance offers financial protection for a specific time period. While they don't build cash value, some policies can later be converted to permanent life insurance.

• Maximum protection for a low premium
• Level premiums for specified periods of time
• May be convertible to permanent life insurance if your needs change.

Permanent Life Insurance

There are a variety of permanent life insurance options, such as whole life and universal life, to match your needs. Along with the guaranteed death benefit, these policies may offer the opportunity to take withdrawals and loans, and can give you substantial tax benefits.

• Potential for cash value to grow tax deferred
• Tax deferral and compounding interest promotes quicker accumulation
• Loan provisions

Whole Life Insurance

• Premiums stay the same over the entire life of the policy
• Guaranteed cash value accumulation
• Potential for excess interest credits in some policies

Universal Life Insurance

• Premium payment flexibility
• Cash value grows at an interest rate set quarterly by the issuing company
• Flexible premium payment and death benefits based upon your policy's minimums and maximums