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Life Insurance

Life insurance planning for the people and priorities that matter

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Life insurance planning is about more than leaving a benefit to loved ones after you’re gone. When structured appropriately, life insurance can also play an important role in protecting income, supporting family needs, managing financial obligations, and helping protect the value you’ve worked to build.

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CPA Allies helps professionals, business owners, and families evaluate life insurance as part of their broader financial plan. We consider your income, family responsibilities, assets, business interests, financial goals, and long-term needs to help determine how life insurance may fit into your overall strategy.

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For women including women professionals, women business owners, and women who own or lead CPA and accounting firms—life insurance can be an important part of protecting personal wealth, family finances, and business interests.

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Our approach is focused on how life insurance fits into your complete financial picture, both for the people who depend on you and for the financial goals you’re working toward today and in the future.

Family insurance planning

Why Life Insurance Planning Is Important For Individuals & Families

Death benefits pay-out for survivors is only one aspect of life insurance. If the policy holder passes, the cash value of the policy can help young families meet their financial needs, or can even help pay off a mortgage. However, there are other facets of life insurance that are equally important. 

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Most life insurance products allow policy holders to tap into funds as the value of their policy grows over time. In case you are looking for tax-deferred gains, a life insurance policy offers that too, because you are only taxed once you withdraw the money from your policy.  With the right life insurance planning strategy in place, your policy can act as a great source of tax-free wealth transfer to your beneficiaries. 

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In retirement, a well-planned life insurance strategy can serve to generate additional retirement income, or it might even provide additional living health care benefits in your old age.

What We Can Do For You

Not every life insurance policy provides you all of these benefits. Our experienced Life Insurance Planning specialists will discuss your needs in detail, and then customize a life insurance plan that meets those specific goals.  

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Some of the life insurance planning tools and products available to our advisors include:

Term Life Insurance

If you need protection for a specific period, Term Life Insurance is a cost-effective choice. It's ideal for covering short to intermediate terms, such as until your children are older or to pay off an unpaid mortgage.

Permanent Life Insurance

Permanent life policies offer lifelong insurance protection and can grow in value. You can use the cash value later for needs like funding a child's education or boosting retirement income.

Participating (or Whole) Life Insurance

Based on your investment goals, our advisory team might suggest a Participating Life Insurance policy. It offers tax-advantaged growth for cash value and death benefits, and you may borrow tax-free funds against the policy’s cash value.

Universal Life Insurance

For higher savings and earnings potential, consider Universal Life Insurance. It offers flexibility with adjustable coverage and premiums, and allows you to withdraw part of the cash value.

Variable Life Insurance

If you want to leverage stock market performance through your insurance, consider Variable Life Insurance. It lets you invest your cash value in insurer-recommended stocks, bonds, and other funds. Our specialists will guide you through the risks and opportunities.

*The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of CPA Allies LLCâ„  and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Fee-based financial planning and investment advisory services are offered by CPA Allies LLCâ„ , a Registered Investment Advisor in the State of Georgia. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Georgia or where otherwise legally permitted. CPA Allies LLCâ„  and Jeff Morris are not affiliated with or endorsed by the Social Security Administration or any other government agency. This content is for informational purposes only and should not be used to make any financial decisions. Exclusive rights to this material belongs to GPS. Unauthorized use of the material is prohibited.

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