You Insure Your Care, So Why Not Your Life?
Life changes with a blink of the eye. In the recent years you may have purchased
a home, said your vows, had a baby, retired, or recieved an inheritance.
All of these events are significant when considering your overall financial
plan. When significant changes occur it is not only important to review your
financial plan, it is also important to be sure that you and your family
are protected. Life insurance is a fantastic financial planning tool that
can be used to protect your family and your estate....and it's cheaper than
ever!
Here are a few "Rules of Thumb" pertaining to Life Insurance:
- If you own a home: You should have Life Insurance to cover your mortgage.
- If
you are married: You should have enough insurance to ensure your spouse
can continue living comfortably.
- If you have kids: You should be sure your insurance
can cover the cost of college as well as any other benefits you would like
to bestow upon them.
- If you are retired: you should be sure your insurance
will allow your spouse to receive a steady flow of income should your pension
and social security cease.If you have received an inheritance or have a
significant estate: you should be sure your life insurance benefit will
cover all income taxes resulting in the transfer of your estate. You may
also be able to cover any or all of your estate taxes.
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HERE TO LEARN MORE ABOUT LIFE INSURANCE AND THE CONCEPT OF RISK |
