Why buy life insurance?
Life insurance policies pay out if you pass away. We shouldn’t dwell on worst-case scenarios. But planning for them makes every surprise pleasant.
Life insurance is useful if...
You bought a house
A 30-year term policy can ensure that your mortgage gets paid off. Term insurance is inexpensive and has a specific duration. After the term is done, the policy expires. At which point, the mortgage is paid off and this need ends.
You are married or have kids or pets
Earmark a policy for your kids’ education and spouse’s living expenses so there is NEVER a question that the money is there. Or set up a pet trust and fund it with a term life insurance policy.
You're saving for retirement
Whole Life insurance covers you your entire life, so long as the premiums are paid. In retirement, you can borrow from these policies in years when the stock market is down, so you can leave your nest egg intact while it recovers.
You Own a business
Key Man life insurance can help a business weather the storm of a key employee departing.
Life Insurance is also used in partnerships, so that if one partner passes, the policy pays the other partner to buy out the deceased’s share in the business.
You want to insure for skilled nursing care
Long term care insurance can be coupled with life insurance. Skilled nursing is expensive and LTC can help ensure there is money set aside for a wonderful and active retirement.
Currently the estate tax exemption is up to the first $12 million. That said, a lot can change in our lifetimes and a life insurance policy can be geared to cover an estate tax bill for your heirs.
What our Clients say
Don’t take our word for it – this is what clients have said:
Look – we get bombarded with bait-and-switch insurance tactics. It’s nice to just get a straightforward quote.
I never really thought about life insurance until my son was born. For $15 per month I know he’s covered now.
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