Why Life Insurance?
The value of life insurance for the policyholder is derived, not from an actual claim event, rather it is the value derived from the ‘peace of mind’ experienced by the policyholder, due to the negating of adverse financial consequences caused by the death of the Life Assured.
We primarily deal with simple Term Life to protect you through the growth period of your life, i.e. bills, child raising, mortgage etc. The rates with Term Life are generally very doable and necessary. This kind of Life Insurance allows you to pick the period of time it is in force, usually from either year to year, 10 years, 20 years up to 35 years then it ends. It is meant for covering those productive years.
There is another form of Life Insurance called Permanent, Universal, or Whole Life which would be more of a cash building tool that allows you to have cash value building for later in life along with a death benefit. It is generally more expensive monthly due to its nature and what it is meant for. This kind of plan, if kept in force, will last until you are 90 or older. We have a referral for that.
Reasons Why Have Life Insurance
- Life Events i.e. Baby, New Home, Expand Business
- Provide lost income (Both Spouses)
- Create a savings for spouse & family
- Pay off Mortgage, Final Expenses, Payoff Credit Card Bills etc.
- A Tangible way to show your Love
- Protect your Business, Increased responsibility
- Business Buy-Sell Agreement
- Key Employee Insurance
- Pay off any Fed & State Taxes due at death
- Death benefits are not normally a Taxable Event.
How much is enough, is up to you.
Auto & Home Owners Insurance is required by law. ~ Life Insurance is
required by LOVE! “Who Loves You”