Life

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=90 BGCOLOR="#006699" TEXT="#080000" background="border_02.jpg"> <div> <FONT SIZE="5" COLOR="#FFCC33" FACE="Baskerville Old Face" ><B>GATES-COLE ASSOCIATES, INC.</B></FONT><B>    </B><B> |     </B><A HREF="index.html" TARGET="_top" TITLE="GATESCOLE ASSOCIATES, INC."><U><B>home</B></U></A></div> <div> <A HREF="id10_Home.htm" TARGET="_top" TITLE="Home"><U>Home</U></A>   |   <A HREF="id08_Auto.htm" TARGET="_top" TITLE="Auto"><U>Auto</U></A>   |   <A HREF="id18_Business.htm" TARGET="_top" TITLE="Business"><U>Business</U></A>   |   <B>Life</B>   |   <A HREF="id09_Special.htm" TARGET="_top" TITLE="Special Insurance Programs"><U>Special Insurance Programs</U></A></div> <DIV ALIGN="LEFT"></DIV> <div> </div> </td> </tr><tr> <td valign="top" width=210 BGCOLOR="#FFFFFF" TEXT="#080000" background="border_lft_column.jpg"> <div> <A HREF="id03_Coverages.htm" TARGET="_top" TITLE="Coverages"><U>Coverages</U></A></div> <div> <A HREF="id04_Companies.htm" TARGET="_top" TITLE="Insurance Companies"><U>Insurance Companies</U></A></div> <div> <A HREF="offices.htm" TARGET="_top" TITLE="Our Offices"><U>Our Offices</U></A></div> </td> <td valign="top" height=390 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <I>Life</I></div> <bR> <div> <B>Why buy life insurance?</B></div> <bR> <div> Many financial experts consider life insurance to be the cornerstone of sound financial planning. It is generally a cost-effective way to provide for your loved ones after you are gone. It can be an important tool in the following ways.</div> <bR> <div> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="528" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 133 WIDTH="16"><div> 1.</div> </tD> <tD VALIGN=TOP WIDTH="501"><div> <B>Income replacement</B></div> <div> For most people, their key economic asset is their ability to earn a living. If you have dependents, then you need to consider what would happen to them is they no longer have your income to rely on. Proceeds from a life insurance policy can help supplement retirement income. This can be especially useful if the benefits of your surviving spouse or domestic partner will be reduced after your death.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 95 WIDTH="16"><div> 2.</div> </tD> <tD VALIGN=TOP WIDTH="501"><div> <B>Pay outstanding debts and long-term obligations</B></div> <div> Consider life insurance so that your loved ones have the money to offset burial costs, credit cards debts and medical expenses not covered by health insurance. In addition, life insurance can be used to pay off the mortgage, supplement retirement savings and help pay collage tuition.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 57 WIDTH="16"><div> 3.</div> </tD> <tD VALIGN=TOP WIDTH="501"><div> <B>Estate planning</B></div> <div> The proceeds of a life insurance policy can be structured to pay estate taxes so that your heirs will not have to liquidate other assets</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 57 WIDTH="16"><div> 4.</div> </tD> <tD VALIGN=TOP WIDTH="501"><div> <B>Charitable contributions</B></div> <div> If you have a favorite charity, you can designate some of the proceeds from your life insurance to go to this organization.</div> </tD> </tR> </TABLE></div> <div> Along with your savings and investment strategy, life insurance should be part of your long-term financial planning.</div> <bR> <div> You may not like to think about it, but you death can be costly to your loved ones. At the very least, there will be funeral and burial costs. There also may be estate taxes and outstanding debts to pay, such as medical expenses not covered by health insurance. If you have dependants, they will have to cope with these costs while no longer having your income. to rely on. The proceeds from a life insurance policy can be or tremendous value at this time. It will provide economic assistance to your family so they can pay off the mortgage, college tuition and other ongoing expenses and maintain their current life style.</div> <bR> <div> There are many choices when it come to life insurance and over 1,500 insurance companies to choose from, so it is important to work with a knowledgeable insurance agent or company representative.</div> <bR> </td> </tr></table></body>