Freison Insurance Consultants

Otis A. Freison, Agent

(720) 220-5292

Life insurance can do so much for your loved ones, for you, even for your favorite charity.

The coverage you purchase will help ease financial burdens placed upon your loved ones when you die such as day-to-day expenses, an outstanding mortgage or other financial responsibilities.

Your beneficiaries receive the policy benefit on an income tax-free basis, based on current law.

As the owner of a life insurance policy, you’re in control. You can choose who the beneficiaries are (subject to insurable interest), you can borrow against the policy cash values, and you can exercise other policy options.
Your insurability is protected – changes in your health could prevent you from being able to purchase life insurance later.

Keep in mind:

You can use a beneficiary designation to leave a portion of the policy benefit to your favorite church, school or

other non-profit organization.

Borrowing from a life insurance policy reduces the death benefit by the amount of the policy loan plus interest.

You should always consult your own tax advisor with questions about the taxability of life insurance policy

proceeds. I’m a licensed life insurance agent, not an attorney nor do I give advice about taxation.

What Life Insurance Offers:

• A benefit for final expenses and other financial burdens.

• Total control over your policy.

• Protection for you.

Births, marriages, even divorce and death can all change family dynamics and

structures. Life insurance can change with these events ‑ you can purchase

additional coverage, lower face amounts, and use policy riders and benefits to custom-tailor your policy.

If you change jobs or careers, or are downsized, life insurance can change with you by decreasing coverage if you have

to, or through policy loans or exercising the reduced paid-up option to keep at

least some coverage in force to protect

your loved ones.

Changes in the economy or your financial resources can affect your spending habits. Life insurance can change with you ‑ you can purchase additional coverage or decrease existing coverage; if needed, you can take a policy loan for premiums or exercise policy options such as reduced paid-up insurance.

Life Has No Guarantees...

Changes in:

• Family dynamics

• Employment status

• Financial resources

can leave you and your loved ones uncertain about the future.

Life insurance DOES have guarantees! Your life insurance coverage is guaranteed to be in place when it’s most needed, provided premiums are paid as described in the policy.

Cash value growth is guaranteed for the life of your policy so long as premiums are paid.

The death benefit of a life insurance policy, under current law, is paid to your beneficiaries on an income

tax-free basis. That means your loved ones receive the full amount of coverage under your policy, less any

policy loans. (Consult with your tax advisor if you have any questions about this.)

Keep in mind:

If there are any policy loans, those will be repaid first, reducing the death benefit by the amount of the

outstanding loans.

A reduced paid-up option is available in final expense policies which gives you the right to use the policy’s surrender value as a single premium to purchase a lower amount of coverage that will remain in force no more premiums due.

But Life Insurance Does!

• Cash value growth,

• An income tax-free benefit,

• And coverage when it’s most needed.

What will your loved ones need to spend to carry out your end-of-life wishes?

• The average cost of a funeral, according to the National Funeral Directors Association, is $8,508.

This is according to its last Member General Price List survey released in 2015.

• The cost of flying a body from one location to another, if you want to be buried in a different state, or

even another country, can add thousands of dollars to final expenses. Sealed and/or double caskets, wooden

airline trays, and documentation in the appropriate language are all requirements.

• Take time to write down your final wishes. Research your options and we can work together to estimate final expenses. I can show you how to do a no-obligation online plan that will give you an idea of what it could cost.

I also have this complementary guide, The Next Steps, in which you can put down your thoughts,then keep it with your policy and other important documents.

Final Expenses:

Did you know?

• The average cost of a funeral today is $8,508.*

• A “final flight” is an additional expense.

• Flowers, special facilities, markers, stationery, music, meals, and

other items can add thousands more to the total cost.

You do have options, and the decision is yours. You can:

• Purchase life insurance today. We have coverages available to fit your needs and budget depending on your age

and the type of product you want. And you don’t need to undergo any exams or bodily fluids testing – simply answer a few health questions and do a quick phone interview to determine eligibility.

• Purchase a smaller policy today, to get at least some coverage in force, and add another policy at a later date.

• Plan to purchase life insurance at some point, while risking that your health could change which can limit your

product options and coverage amounts.

• Let your property and other assets be used to cover your final expenses, potentially adding a tax burden for your

family, depending on the property sold. (Consult your tax advisor for more information.)

It Just Makes Sense!

To provide your loved ones with financial resources to take care of

your express wishes and other end-of-life expenses, as inexpensively

as possible, what choice will you make?

Purchase a life

insurance policy.

Liquidate my assets,