Strategy West Financial provides life insurance solutions for individuals at all stages of life. We set ourselves to high standards of excellence to pair our clients with recommendations tailored to their specific needs. Our ultimate goal is to help our clients and their loved ones be financially confident.
When you call us for a consultation, one of our agents will ask you questions about your life insurance needs. We’ll then suggest coverage options that are suited to your situation. Some types of life insurance policies will require a medical exam prior to purchasing.
Our relationships with our clients don’t stop at the initial consultation. We aim to build lifetime relationships and call to check in periodically to ensure that your coverage is continuing to address your needs and goals.
It doesn’t matter if you are right out of college or nearing retirement; life insurance is something most people should have in place. Contact us to discuss what kind of coverage may suit your needs.
Norman Westervelt is the Managing Director of Strategy West Financial. Norman brings a background of 30 years of entrepreneurship in various industries and has held operational roles with numerous organizations. Norman has a passion for serving others by educating people on building a strong financial future for their families and loved ones.
The benefits of whole life insurance include guaranteed fixed premiums, a guaranteed death benefit and guaranteed cash value growth. This means that with whole life insurance, your premiums never increase as long as they’re paid, and the policy has “living benefits,” which may enable you to access the cash value of the policy for any purpose while you’re alive, such as supplementing your retirement income, helping to pay for college, or funds to use towards a business.¹ One thing to keep in mind when taking a distribution from a whole life insurance policy is that accessing the policy’s cash values will reduce the policy’s cash value and death benefit and increase the chance the policy will lapse.
¹ Distributions under the policy (including cash dividends and partial/full surrenders) are not subject to taxation up to the amount paid into the policy (cost basis). If the policy is a Modified Endowment Contract, policy loans and/or distributions are taxable to the extent of gain and are subject to a 10 percent tax penalty if the policy owner is under age 59½.
Access to cash values through borrowing or partial surrenders will reduce the policy’s cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.
² Guarantees are based on claims paying ability of the issuing company or companies.
Term life insurance is designed for affordable, convenient coverage for a set term during which you pay premiums. Some term life policies can be converted into permanent policies later.
With term and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will receive the death benefit proceeds from the policy, income tax free. Both term and permanent insurance can help provide a financial safety net for your family should you pass away unexpectedly.
Insurance Representative of Massachusetts Mutual Life Insurance Company (MassMutual). Springfield, MA 01111-001, and its affiliated US insurance companies. Strategy West Financial is not a subsidiary of Massachusetts Mutual Life Insurance Company or its affiliated companies. Licensed to sell insurance products in all 50 states, Norm Westervelt CA Insurance LIC # 4182108, AR Insurance LIC# 20146590, State of Domicile: UT.
CRN202510-3120394
