About Life Insurance
Life insurance is a long-term financial tool and can be vitally important to your family well-being as it provides financial stability. Additionally, life insurance can also be used to address tax deductions, estate or inheritance tax issues and create capital for various needs such as retirement, children’s education, and savings.
We advise individuals, families, and businesses on all aspects of life and disability insurance policies. There are various types of life policies with different features and benefits.
We typically offer:
• term life policies
• whole life policies
• credit life policies
• unit linked policies (combination of protection & investment) and
• critical illness
Purposes of Life Insurance:
• Income replacement: life insurance can help ensure that your loved ones continue to receive financial support after you’re gone
• Debt repayment: Life insurance can be used to pay off outstanding debts, such as mortgages, car loans, or credit card balances. This can prevent your family from being burdened with financial obligations they may struggle to manage on their own.
We typically offer:
• term life policies
• whole life policies
• credit life policies
• unit linked policies (combination of protection & investment) and
• critical illness
Purposes of Life Insurance:
• Income replacement: life insurance can help ensure that your loved ones continue to receive financial support after you’re gone
• Debt repayment: Life insurance can be used to pay off outstanding debts, such as mortgages, car loans, or credit card balances. This can prevent your family from being burdened with financial obligations they may struggle to manage on their own.
• Estate planning and inheritance: life insurance can be used as an effective tool for estate planning to minimize potential inheritance taxes. By placing a life insurance policy in a trust, the policy proceeds can be excluded from the taxable estate, reducing the overall estate burden. Countries with significant inheritance tax rate include UK, US, France, Spain, Japan
• Tax benefits: in Cyprus and in certain cases, premiums paid for life insurance policies may be tax-deductible.
• Savings: some life insurance policies have a savings or investments components, such as unit-linked policies. The growth or returns on the investment potion of these policies may be tax-deferred or subject to preferential tax treatment. These types of policies can be tailored to help you save, plan your pension or fund your children’s education
• Tax benefits: in Cyprus and in certain cases, premiums paid for life insurance policies may be tax-deductible.
• Savings: some life insurance policies have a savings or investments components, such as unit-linked policies. The growth or returns on the investment potion of these policies may be tax-deferred or subject to preferential tax treatment. These types of policies can be tailored to help you save, plan your pension or fund your children’s education
