News From The President
Our position as an Independent Agent allows us to shop for the very best rates and coverage for your family's needs for home, health, life, auto, and commercial insurance. Recently, we introduced a great new health/life combo plan that will save you hundreds per year while still providing the coverage you need to provide for your family.
Here at Cumberland Insurance we know that when times are tough, every penny counts. Call one of our friendly agents today and let us show you how much you can save with these new plans.
Steve Copeland
President and Owner
Life Insurance: The Basics
The main purpose of life insurance is to provide cash to your family after you die. The money your dependents will receive (the "death benefit") is an important financial resource: It can help pay the mortgage, run the household, end ensure that your dependents aren't burdened with debt. The proceeds from a life insurance policy could mean that they won't have to sell assets to pay outstanding bills or taxes. What's more, there is no federal income tax on life insurance benefits.
How To Begin
Start by evaluating your family's needs. Gather all your personal financial information and estimate what your family will need after you're gone...
Different Types
There are many kinds of insurance, but they generally fall into two categories: term insurance and permanent insurance...