Why
Do I Need Life Insurance?
There are two basic and necessary reasons to buy life insurance. You
owe someone or You love someone.
| You owe someone |
You love someone |
|
Last expenses
(Funeral and probate costs) Current
debts
(Auto loans, credit cards, etc.) Mortgage
or rent
(Tto pay off house note or ensure coverage of rent
payments) | College
education Income continuation |
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.)
Consult your tax adivsor or attorney on your specific situation.
American National Insurance
Company, Galveston, TX
American National Property and Casualty Company,
Springfield, MO
These
brief descriptions of coverages available are for illustrative purposes
only, and are not intended as a statement of contract. For actual terms
and conditions of coverage provided, refer to your insurance policy,
or, for more information about coverage options and availability, talk
to your American National agent. All products, coverages, and options
are not available in all states, and eligibility guidelines apply. American
National Family of Companies reserves the right to discontinue programs
at any time.
This
site may have links to other sites, which are not maintained by American
National Insurance Company, it's subsidiaries or affiliates. Such links
do not imply endorsement or approval of these sites or the content therein
by American National, its subsidiaries or affiliates.
