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Life Insurance

Life insurance is a crucial part of preparing for the future of your loved ones. Life insurance can help take care of your family after you have gone, allowing you to keep on providing for them.

You don't have to leave that future to chance. Mauceri-Bynum Insurance can help you find the right Texas life insurance coverage for you, and help ensure that your unique needs are being met by that policy.

Life Changes. So Should Your Policy

For each of our clients in Texas, the best life insurance policy will be unique to them and will be dependent on personal and financial needs. As life changes, your life insurance coverage may need to be changed in order to meet those changes. Someof the big events in life which might require an update include the following:

  • Getting married or divorced
  • Having a new child or grandchild
  • Opening or expanding your business
  • Deteriorations in health
  • Providing primary care or financial assistance to a parent
  • Giving assistance or long term care to a child or grandchild
  • Purchasing a new home
  • Planning for a child or grandchild’s education
  • Planning for your retirement income
  • Refinancing your home mortgage within the past six months
  • You or your spouse recently received an inheritance
  • You have a sizable estate

What You Need to Know

Mauceri-Bynum Insurance are here to aid you in selecting the best life insurance policy for you. Generally speaking, there are a few different options available, based on needs:

  • Term Life Insurance

    Term life insurance is a policy which offers protection to you and your loved ones over a set period of time. Generally speaking, this is the most afforable option. This option is available in varying time periods with fixed premiums from a one year (annual renewable term) to 20-year (level term) period.

    You also can upgrade your term life insurance to permanent coverage in some cases, increasing the versatility available.

  • Whole Life Insurance

    Whole life insurance is a form of permanent life insurance which is active for your entire lifetime, provided you pay your premiums. Whole life insuranceis also an investment opportunity, as your policy can grow and improve in worth.

  • Universal Life Insurance

    Universal life is a form of permanent life insurance defined by its flexible premiums, face amounts and unbundled pricing structure. Universal life is also an investment which can periodically earn cash, and is usually guaranteed not to fall below a certain percentage.

Have questions about these options? Chatwith the team at Mauceri-Bynum Insurance. We are here to help in any way we can!

Advantages of Life Insurance

The right life insurance is an important part of planning for your present and your future alike. Life insurance not only is there to assist your family financially after you have passed. Many life insurance policies will also offer other perks and investment opportunities you can benefit from while you are alive.

Life Insurance Death Benefit - Should you pass away, your life insurance policy provides income (tax-free) to your named beneficiary or beneficiaries that can be used to cover funeral expenses, debt, tuition fees, estate taxes, or virtually any financial need. Your policy can provide security for your business as well, by allowing your partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Living Benefits - The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

The life insurance needs of each of our clientsc in Texas is unique. Contact the Mauceri-Bynum Insurance team today to learn more about the right policy for you!

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400 North Central Expressway, Ste 109
McKinney, Texas 75070
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