PERSONAL CASES:
Life insurance is a critical foundation piece of a well-constructed personal financial plan. Unfortunately, it is often overlooked! Here are a few reasons why it is so important not to wait to have this discussion:
Life insurance is a critical foundation piece of a well-constructed personal financial plan. Unfortunately, it is often overlooked! Here are a few reasons why it is so important not to wait to have this discussion:
- Financial Protection for Loved Ones: Life insurance ensures that your loved ones are financially protected in the event of your untimely demise. It can help cover living expenses, mortgage payments, outstanding debts, and even future expenses like college tuition for your children.
- Affordable Premiums: One of the biggest advantages of purchasing life insurance at a young age is affordable premiums. Insurance companies typically offer more favorable rates to younger, healthier individuals. Locking in these rates early can result in substantial savings over the life of the policy.
- Long-Term Financial Planning: Life insurance isn't just about providing for your family after you're gone. It can also be a valuable tool for long-term financial planning. Some policies offer cash value accumulation, which can be used for retirement income or other financial goals.
- Peace of Mind: Knowing that you have a solid financial safety net in place can provide invaluable peace of mind. It allows you to focus on living your life to the fullest without worrying about what might happen to your loved ones if you're not around.
- Employer Provided Coverage Is Not Enough!: Think you’re all set because your employer provides life insurance? You may still have a need for an individual policy! Many employer-provided policies are not portable, meaning you cannot take the policy with you when you separate from service. Additionally, even when work policies are portable, the face value may be less than what you actually need.
Are you curious how much life insurance you may need? Access the calculator tool below to begin!
BUSINESS CASES:
Businessowners and company executive teams have a great need for life insurance, too! Common cases for business life insurance include:
The pricing and availability of life insurance for business cases hinges on many of the characteristics that one would face in a personal life insurance situation…. age and health history are the two biggest components that play into the affordability and availability of coverage.
Interested in chatting about life insurance? Email our team to set up a consultation call or appointment!
Businessowners and company executive teams have a great need for life insurance, too! Common cases for business life insurance include:
- Business Succession Planning/Buy-Sell Agreements
- Key Employee Protection and Retention
- Group life insurance to provide employees with a valuable benefit as part of their employee benefit package
The pricing and availability of life insurance for business cases hinges on many of the characteristics that one would face in a personal life insurance situation…. age and health history are the two biggest components that play into the affordability and availability of coverage.
Interested in chatting about life insurance? Email our team to set up a consultation call or appointment!