Life Insurance

CM&F Group offers a variety of life insurance policies — suitable for every need and every budget. Whether to protect your dependents, manage your estate or to plan for inheritance tax liabilities, life insurance is a prudent and proven choice.

Whole Life Insurance

Whole life insurance covers you for your entire life, not just for a specific period such as term insurance. Your death benefit and premium in most cases will remain the same. Whole life insurance also builds cash value, which is a return on a portion of your premiums that the insurance company invests. Your cash value is tax-deferred until you withdraw it and you can borrow against it.

What are the benefits of choosing whole life over other types of life insurance?

Unlike term life insurance, a portion of your premium money goes toward your cash value which in turn could pay off your entire policy only after a few years. Also, your premium will remain constant during the time you are covered unless you choose otherwise. And, unless you make a change to your policy, you have lifelong coverage with no future medical exams.

Term Life Insurance

Term life insurance premiums are generally much cheaper than cash-value policies (universal and whole), especially if you are young and in good health — term life insurance does exactly what you expect it to do by covering your beneficiaries if you die. Here"s how it works:

Term life insurance does not build cash-value or have the tax benefits of universal or whole life, but it can be a great option for someone who would like life insurance, but can't afford the higher premiums. Here is a check-list to help you decide if term life insurance is right for you:

• You're on a budget and cannot afford a very high premium.
• You are young, and in good health.
• You are looking for a simple, straight-forward plan to protect your beneficiaries.

For more information about our life insurance policies and options and/or an application please contact Marty Liston at CM&F Group — 1-800-397-3008, ext # 346 or via email on the "Contact Us" section of this site.