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Life Insurance Planning
Protect what matters most with comprehensive life insurance solutions tailored to your unique needs. At SunTrust Financial, we understand the critical role life insurance plays in securing your family’s financial future.​
Our plans are designed to:
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Cover Tax Liabilities: Ensure your loved ones are not burdened with estate or inheritance taxes.
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Settle Debt Obligations: Pay off outstanding mortgages, loans, or other debts seamlessly.
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Fund Children’s Education: Secure the resources needed to support your children’s academic dreams.
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Replace Lost Income: Provide financial stability in the event of an income earner’s untimely passing.
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Cover Final Expenses: Ease the financial strain of funeral and related costs.
Typically, the major options for life insurance include Term Life Insurance, Wealth Achiever Participating Life Insurance, Estate Achiever Life Insurance, and Universal Life Insurance
Term Life Insurance
Wealth Achiever Participating Life Insurance Whole Life Insurance
Estate Achiever Participating Life Insurance Whole Life Insurance
Universal Life Insurance
At SunTrust Financial, we craft personalized insurance strategies that not only protect but also preserve your family’s financial wellbeing, offering peace of mind when it matters most.
Investment Strategy - Life Insurance Vs. Traditional Investment
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Given that an individual purchases a participating life insurance policy, premiums for the policy are paid by using excess income.
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Depending on the policy type, the death benefit may also grow over time.
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By moving excess income or transferring funds from taxable non-registered investments to a life insurance policy, an individual can reduce their annual taxable income, potentially resulting in greater asset growth.
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When the insured person dies, the life insurance tax-free death benefit is paid directly to the named beneficiaries.
Have you seen the huge difference for pay-out to estate between Traditional Approach and Proposed Life Insurance Strategy ?!