For most people, the years when the need for Life Insurance is at its peak and the budget is tight, Term Life Insurance provides a very affordable way of obtaining the Life Insurance needed.
Is Your Family Protected If the Wage Earner Died?
One reason most people buy life insurance is to replace income that would be lost with the death of a wage earner. The cash provided by life insurance can help ensure that your dependents are not burdened with significant debt when you die. Life insurance proceeds could mean your dependents will not have to sell assets to pay outstanding bills or taxes. Use our valuable life insurance guide to evaluate if you have enough coverage.
Have You Reviewed Your Life Insurance Policy Recently?
Does your life insurance still fit your needs? A new family situation, a different career, a shift in financial status – any of these common events can change how much life insurance you need. You need an objective way to review your life insurance policies to be sure they still fit.
Do You Have Enough Life Insurance Protection For Your Business?
Have You Experienced A Recent Life Event?
Life insurance can also protect your business. If you, one of your fellow partners or a key employee died tomorrow, life insurance can help. Life insurance can be structured to fund a buy-sell agreement ensuring that the remaining business owners have the funds to buy the ownership interests of a deceased partner at a previously agreed upon price. The owners get the business and the family gets the money. To protect a business in case of the death of a key employee that could severely impact a company, key person insurance, payable to the company, can provide the owners with the financial flexibility needed to weather the storm.