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Leaving a Legacy with Life Insurance

By October 22, 2015May 12th, 2021Insurance

Leaving a Legacy

Are You looking for a simple, safe, effective way to create a legacy for loved ones or charity – without losing access to your money?

If so, what are your options?

  • CD’s have a guaranteed interest rate and you can get your original investment back if needed (though early withdrawal penalties may apply).  However, they may have low interest rates, which means the value increases very gradually.  There are also annual income taxes on gains.
  • Annuities defer income taxes on gains until they are distributed – during life or after death – and, if you withdraw them before age 50 1/2, there may be a 10% tax penalty.  They do have a guaranteed interest rate but, as is often the case with CD’s, the rate can be low, again accumulating gradually.
  • Grange Life Single Premium Universal Life (SPUL),  immediately – and significantly – increases what the you would leave behind with tax to pay over the life of the contract and generally no federal income tax on the death benefit to beneficiaries/heirs.

If you would like to learn more about  Grange Life Single Premium Universal Life and how it can help you reach your goal of leaving a legacy, give me a call at 740-990-7107 or send me an email at and I will send you more information.

Note:  This product does not have any medical exam or lab tests, only a few short questions.

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