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Life insurance is an essential part of financial planning.  It provides for a larger and more liquid estate.  Life insurance proceeds can be used to provide for dependent needs and for final expenses.  Life insurance death benefits are tax-free.

  • Term Life Insurance
  • Whole Life Insurance
  • Business Life Insurance
  • Estate Planning Life Insurance
  • Annuities
  • Investments

Term Life Insurance
Term life insurance is the simplest and most common form of life insurance.  It is pure protection.  Term insurance provides protection for a specific period of time such as while paying down a mortgage or while raising a family.  It is considered relatively inexpensive. 

Whole Life Insurance
Whole life insurance provides permanent life insurance protection as long as premiums are paid.  There is both a protection and a savings portion of the policy.  It is a better long term option.  Cash value can accumulate and be used for short term financial needs.

Business Life Insurance
Key person life coverage is placed on a key employee.  Policy proceeds are directed to the company as a method of handling additional expenses the company will incur upon a key person’s death.  A buy-sell agreement is a contractual agreement prepared by an attorney that allows for an orderly transition at the time of an owner’s death.  The funding of a buy-sell agreement is completed with a life insurance contract.

Estate Planning Insurance
Life insurance can be used to preserve an individual estate.  Estate taxes can be considerable.  Life insurance can be used to pay estate taxes minimizing the need to sell valuable assets at bargain prices in order to pay estate taxes.

Annuities are investments that are tax-deferred.  Premiums and interest accumulate over the life of an annuity contract.  The accumulated value is paid out at a later date and taxed upon receipt.  A beneficiary is named by the owner to receive benefits in the event of the death of an annuitant.  There are many types of annuities.  Some annuities pay benefits based on interest.  Others include variable and index annuities that pay based on equity performance.


Investing for ones future is important.  We offer investments through many mutual funds.  Investments can be in an IRA (Individual Retirement Account), Roth IRA, or after tax plans.

Securities offered through World Trend Financial Planning Services, LTD, 319-364-3041, Member SIPC and FINRA.  First Insurance and Financial Services is not an affiliate of World Trend Financial Planning Services, LTD.


Email These Agents Directly:
John Moran, Kendall Lundberg
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1st Insurance Agency | 20 East State Street Mason City, Iowa 50402-1448
Telephone: 641.421.8000 | Toll Free: 1.800.247.0713 | Fax: 641.421.1940
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