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Do I need life insurance?

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Life insurance is a contract between you and an insurance company to cover you in the case of an emergency. It is our belief that the life insurance industry is the most secure industry on the planet. We view life insurance as a misunderstood and very underutilized investment in retirement planning. A policy can help to relieve your family of financial burdens left behind, but are you aware of the opportunity life insurance presents you when you are living?

There are two main types of insurance, Term and Permanent.

Let’s look at term policies. Think about term policies as renting rather than buying. These types of policies are great as a cheaper alternative to permanent insurance, but only stay in force for a specific period of time from 5 to 30 years. Navigating through the internet to shop for insurance could get confusion. Speaking with a knowledge insurance agent face to face is always your best option.

Let’s look at permanent insurance. There are many types of permanent insurance: whole life, universal or indexed universal life. Each of these life insurance policies have their own unique advantage in addition to the death benefit. Did you know there are living benefits to some of these life policies? Cash values can help with a personal business, with children’s need, or even help supplement your retirement income.

We look forward to reviewing your existing policy, or giving you more information on how cash value life insurance will assist you in reaching your retirement goals. Give our office a call today.

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