iLeverage LLC

A Secure Tomorrow Starts with Your Life Insurance Today. iLeverage makes it easy to understand, and easy to accomplish.

Group life insurance through your employer is typically not enough. That means you’ve got to figure out a way to take care of your loved ones even if you’re not around.

Note to small businesses, a SEP IRA can be set up and funded in 2021 and as late as the tax filing deadlineincluding extensions, to apply to your taxable deductions of 2020. If your business is taxed as a C corporation, S corporation, multi-member LLC, or partnership, the SEP contribution(s) will be deducted as a business expense. This will reduce the net taxable income for the business, which in turn reduces the taxable income that will be passed through to an owner on thei...r K-1. For sole proprietors, a SEP contribution will become an above-the-line deduction on your personal tax return. It’s generally advisable to get a CPA to help calculate your SEP contribution and tax deduction, particularly if you have employees and/or are self-employed as there are some nuances.

If your family relies on your income, what would happen if you died? Would your family have the financial stability to maintain the same lifestyle? Would the bills be paid? Would your loved ones struggle financially? Would the mortgage be covered? If the answer is yes, then you have a need for life insurance. Even if you don’t have dependents, but have debt and/or student loans that are cosigned by your parents, a friend, or a family member, consider getting life insurance to cover the expenses you would leave behind.

Happy New Year's Day, and during this season our thoughts turn thankfully to our families, clients, and partners, who have made our year the most memorable, and we look forward to an amazing 2021 with all of you!

iLeverage provides our clients with the opportunity to receive accurate and highly competitive life insurance rates that reward them for their lifestyle choices.... With the iLeverage pre-screening and application process, there is comfort in knowing that your policy will be properly designed to suit your needs and budget.