The Woodlands Life Insurance Provides:

	Providing funds to pay off a mortgage at death.
	Providing income replacement for a spouse. In making an insurance need analysis, we often forget or underestimate the dollar value of work done in the home by both husband and wife.
	Provide funds for college education. Either at death, or, during life, policy cash values can help pay college costs. *
	Guaranteeing funds to repay loans or other debts owed by the decedent. Life insurance proceeds provide cash to pay estate obligations and help provide the survivors with a debt free start.
	Providing liquidity to pay death taxes and estate costs, thus avoiding the necessity of liquidating valuable assets to pay these expenses. Note that Federal Estate Taxes are due only 9 months after death.
	Providing funds for an orderly transfer of a business interest at death. Business owners may have an agreement to buy the interest owned by a decedent, but lack the cash to pay for the decedent's share of the business.
	Providing funds for a business at the death of a key employee. Insurance proceeds can be used to recruit, hire and train a replacement. The proceeds can also provide working capital to help offset financial losses due to the loss of the key person's services.

* Life insurance policy cash values are accessed through withdrawals and/or policy loans. Loans are generally not taxable. Withdrawals may be taxable under some circumstances. Unpaid loans and/or withdrawals will cause a reduction in the policy cash values and death benefits. Please consult with your tax advisor for advice regarding your particular situation.

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