The Benefits of Life Insurance!

Part Of Every Sound Financial Plan!!

 

Everyone Needs Life Insurance!

LexisNexis, a leading risk management research company, said 68% of Americans don’t have life insurance.  We don’t think twice about having car insurance or health insurance so why are we not putting the same importance on life insurance?

Is Only having work offered Life Insurance enough?   

Most jobs offer an amount that is 1, 2  or 3 times your current salary.  Obtaining this type of life insurance is very cheap and sometimes it is even free up to $50,000.  But don’t be fooled, this can actually give us a false sense of protection!  Case and point: if there is only one person working in the household or maybe there are children, 1 to 2 times is not going to be enough to cover burial expenses, ongoing living expenses for the surviving spouse and kids or even college.  Having enough protection to cover these kinds of expenses, you will most likely need more like 9 or 10 times your current salary as a death benefit!

Use Life Insurance to pay for college.

Life insurance is a way of covering those expenses for our loved ones that we always wanted to pay, but due to unfortunate circumstances, we are not around to do so.  Permanent Life Insurance allows policy loans against the life insurance cash value, which can be used to pay for your kid’s college expenses.  Not only is the repayment cheaper, but you are borrowing from yourself and that is the best kind of loan.  Life Insurance is not by any means the cheapest way to save for college, it is probably one of the most expensive.  But life is expensive and caring for kids, pets, and everyday expenses already puts a strain on our paycheck leaving saving for retirement and college virtually non-existent.

But I have a solution!

Don’t let your challenges stop you from calling me.  As your Financial Success Coach, I will partner with you to come up with a plan to achieve your goals for your today and for your future. No matter where you are starting out, I have strategies that can immediately be put into place to start you on this journey. Remember, to get to where you want to be you’ve got to start! You’ve got to TAKE ACTION!!

Call me today for a free strategy session

 

 

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