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World Financial Group (WFG) is a unique financial services company for many reasons,
including the company’s commitment to educating clients on the financial fundamentals —such as debt management, establishing emergency funds — that may help protect your financial future. Another key aspect of securing a solid financial foundation is ensuring that your loved ones are protected when you pass away, which can be done through the purchase of life insurance.

When you purchase a life insurance policy, you are protecting your loved ones, helping insure the people who supported you in life will not be left with an unnecessary financial burden after your death. This WFG review is intended to define a life insurance policy’s death benefit and explain how it can provide for your family.

What is a Death Benefit?

The death benefit, also known as the survivor benefit, is the sum of money that a life insurance policy or pension plan will pay to the policyholder’s chosen beneficiaries after he or she passes away.* The death benefit is a stated amount that can be level or increasing as defined when the policy is issued. A level policy maintains the same death benefit amount. Whereas an increasing death benefit can increase or decrease with the surrender value in the policy.

The Advantages of a Death Benefit

When associates from WFG review the various insurance and financial services options that are available to their clients, their primary goal is to educate those clients on the best strategies for building a better financial future for themselves and their families. Life insurance is often the more effective ways to ensure a secure financial future for one’s family, primarily because of the death benefit. This is what protects against the financial losses that can come with the death of a loved one.

Life insurance comes in two forms – permanent life insurance and term life insurance. While they both offer tax-free death benefits, there are several important differences between these two policy types. This WFG review should only be considered a basic summary; further analyses and education would be necessary for those interested in purchasing a policy to provide these death benefits to their loved ones.

*Tax and/or legal advice not offered by World Financial Group, Inc. or its affiliated companies. Please consult with your personal tax professional or legal advisor for further guidance on tax or legal matters.

World Financial Group, Inc. (WFG) is a financial services marketing company whose affiliates offer life insurance and a broad array of financial products and services. Insurance products are offered through World Financial Group Insurance Agency, Inc. (WFGIA) or its subsidiaries. In California such services are provided under the name World Financial Insurance Agency, Inc. WFG and, WFGIA are affiliated companies.