Life Insurance

On its own or as part of a discounted multi-policy bundle, life insurance safeguards against unnecessary hardships. If there’s an unexpected loss, your loved ones will be protected.

What is life insurance?

It’s an agreement between you and a trusted insurer that provides financial protection for your beneficiaries should you pass. It’s a cornerstone of estate planning, offering liquidity to cover expenses such as funeral costs, outstanding debts, and living expenses for those you leave behind. Life insurance is a custom-crafted plan to safeguard the future of the people you love.

Why is life insurance so valuable?

Because the people in our lives are so valuable. Because our loved ones shouldn’t have to face financial strain during a difficult time. In the short term, life insurance can cover immediate expenses when someone dies. In the long term, it can help with obligations like mortgages or college tuition. From the moment you get life insurance, it delivers peace of mind. That’s invaluable.

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What does life insurance provide?

Term or whole? You can think of term life insurance as renting the policy, while whole life is like owning it.

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Term Life Insurance

With term life insurance, you’re covered for a specific term, usually between 10 and 30 years. It’s straightforward and cost-effective.

Death benefits are central to term coverage. Beneficiaries receive tax-free lump sums if the policyholder dies during the term.
Lower premiums. Term life is typically more affordable than whole life for the same amount of coverage, especially for younger policyholders.

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Universal Life Insurance

It’s whole life insurance with one difference: the investment portion. Here, the policy could “pay for itself” with the option to cover premiums out of the cash reserve.

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Whole Life Insurance

With whole life insurance, you’re covered for life. Key to estate planning, whole life policies serve as financial tools in several ways:

Cash value. With a tax-deferred savings component, whole life policies have reserve accounts that grow through investments.
Withdrawals and tax-free loans. You can eventually draw from or borrow against the policy’s cash value. That could be handy if you ever need emergency funds.
Tax-free payouts. Beneficiaries receive tax-free death benefits (not the policy’s cash value) when the policyholder dies.

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Key Person & Buy-Sell Agreements

Business-focused life insurance solutions.

Who needs life insurance?

If others count on you financially, you probably do. From business owners with assets to protect to homeowners with mortgages, anyone who can envision a financial future that doesn’t include themselves benefits from life insurance.

What are your life insurance needs? That’s something we can discuss. Local to local. As members of your community, we’re experts at tailoring policies to meet the specific needs of the people we know, and those we’ll get to know. We’re here with guidance on what insurance best fits you, your family, and your goals.

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Where Protection
is Our Point

Wilmington Office

1613 Military Cutoff Road Suite 200
Wilmington, NC 28403
info@finpointinsurance.com
Phone: (910) 799-6161
Fax: (910) 799-3033

Leland Office

1018 Grandiflora Dr, Suite A
Leland, NC 28451
info@finpointinsurance.com
Phone: (910) 383-0303
Fax: (910) 383-0304

Southport Office

4911 Old Long Beach Rd SE, Suite 2
Southport, NC 28461
info@finpointinsurance.com
Phone: (910) 454-9800
Fax: (910) 454-8080