1777 Borel Place
There are many reasons to buy life insurance. Proceeds from a life insurance policy can make cash available to support your family in the event of your death. Proceeds may also be used by your survivors to pay of debts that the you might leave behind such as mortgages, car loans and credit cards as well as final expenses and estate taxes, leaving other remaining assets intact for your family. In other instances, life insurance can take on a dual role of providing protection for your loved ones while allowing you to address specific financial planning concerns.
There are two basic types of life insurance: term insurance and permanent insurance. Depending upon your unique needs, you may even find it beneficial to utilize both types. For example, young families may want to use term insurance during child rearing years, but have permanent insurance to help address some longer term issues. As you evaluate your needs, you may find that you have the ability to add “riders” to a permanent insurance policy that could also help you to address planning goals such as long term care funding or cash accumulation for education and retirement.
Please feel free to contact me with any questions that you may have about your life insurance needs. I can review your existing policy to help you to determine if it fits into your plans for your current or future needs.
I am always happy to meet with you for a complimentary, no obligation consultation.
This is meant for educational purposes only. It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Please consult with a financial professional regarding your personal situation prior to making any financial related decisions.