The Blended Approach

As a business owner, you may have multiple people who depend on you. Having the proper amount of life insurance can provide financial stability to those who rely on you most.

Choosing the appropriate type of life insurance depends on an individual’s resources and the length of time that the protection is needed. This timeframe can be influenced by personal and business factors, such as:

• Business loans
• Cash flow for growth
• Dependent children
• Personal debt
• Education expenses
• Retirements goals

Term Life Insurance

• Provides protection for a limited period of time, or the “term” of the policy
• Can be an affordable solution for meeting short-term protection needs
• Potential to be converted to permanent life insurance later

Universal Life Insurance

• Permanent life insurance policies designed to last for your lifetime
• May be used for longer-term personal estate planning and business succession planning
• Builds cash value over time, which can be used for future planned and unplanned expenses
• Cash value grows tax-deferred and can be accessible through loans and withdrawals during your lifetime

Both types of life insurance pay out a death benefit that is generally income tax-free to the beneficiary of your choice. Building a life insurance portfolio that includes both term and permanent insurance can help you to afford the amount of coverage you need now and provide you supplemental income later on.

Federated^® offers both types of policies, and your marketing representative can help you learn more about how they may fit into your long-term business and family goals.

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This article is for general information and risk prevention only and should not be considered another other offer of insurance or legal, financial, tax, or other expert advice. The recommendations herein may help reduce, but are not guaranteed to eliminate, any or all losses. The information herein may be subject to, and is not a substitute for, any laws or regulations that may apply. This information is current as of its publication date and is subject to change. Some of the services referenced herein are provided by third parties wholly independent of Federated. Federated provides access to these services with the understanding that neither Federated nor its employees provide legal or other expert advice. All products and services not available in all states. Qualified counsel should be sought with questions specific to your circumstances. All rights reserved.