| Life
Insurance - Permanent |
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| Permanent
Life Insurance |
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A well-conceived life insurance program can be an ideal solution
to your most important financial concerns. It can offer the
following important features:
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A tax-free death benefit, paid immediately
to your beneficiary without passing through probate.
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A source of supplemental retirement income
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Tax-deferred accumulation of cash values
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Accelerated death benefit. This benefit provides
a way to receive a portion of your death benefit prior to
your death, if you become terminally ill. (Form
ACC91) (Not available in all states).
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Tax Notes:
Proceeds from an insurance policy paid because of the death of the
insured are generally excludable from the beneficiary's gross income
for tax purposes. (IRC Sec. 101(a)(1).) Income and growth on accumulated
cash values have been held by the Tax Court to be generally taxable
only upon withdrawal. (IRC Sec. 72.). Policy loans from life insurance
polices (assumes non-modified endowment contract) generally are not
treated as distributions or subject to income tax (IRC Sec. 7702).
Consult your tax adviser or attorney on your specific situation.
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State Specific
Information: A two-year suicide provision is included in policies
(one year in Colorado and North Dakota). If a policyholder commits
suicide during the first two policy years, only a refund of premiums
will be made. (Missouri requires coverage for acts of suicide, unless
it can be proven that the insured intended suicide at the time the
application was completed).
The foregoing
is neither a contract nor an offer to contract, but is a general
description of benefits available under a policy providing the benefits
outlined. The exact provisions, terms and conditions of the contract
are set forth in detail in any such policy as may be issued.
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| Financial
Objectives |
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Most people want to accomplish one or more of these financial
objectives:
Income replacement: Providing
for the ongoing living expenses of family members in the event
of a breadwinner's death
College funding: Making sure
a child's dream of a college education will come true
Home ownership: Making sure
your home is paid for and that you and your family get to live
there for as long as you want
A comfortable
retirement income: Money at retirement to do
the things you've always wanted to do
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| Goals |
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We believe an ideal financial strategy should:
- Be self completing
- Allow you to make flexible payments over the years
- Grow steadily and dependably at a competitive rate of interest,
comparable to or better than certificates of deposit
- Grow tax-deferred
- Minimize the amount of taxes you pay and maximize the dollars
that stay in your pocket and the pockets of your family members.
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American National
Insurance Company, Galveston, TX
American National Property and Casualty Companies, Springfield,
MO
Products
and services not available in all states
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