Do you have auto or homeowners insurance? What about insurance on your boat or RV? If you have insurance on any of the items above, or any other property that you own, you are insuring that property even though you hope you never have to use the insurance to replace that item.
Do you have life insurance? I hope, and your entire family hopes, that you live to a ripe old age, and when it's time you pass on peacefully in your sleep.
However, we also know that some of us will pass on too soon. When this happens income may be lost while debts remain. Spouses, children, businesses may suffer and dreams may be unfulfilled. This is where life insurance can help. Life insurance is for your loved ones. Life insurance can provide survivors with income and a legacy to help fulfill dreams. Although life insurance may not fill the emotional void, it can help ease the financial loss.
Life insurance comes in many shapes and sizes. Term products are available for 10, 15, 20, and 30 years, and you can have a guaranteed rate of coverage and premium for the specified term.
Whole life is a product that you pay for throughout your whole life, the face amount stays the same as does the premium. This type of policy builds cash value, and you can take loans against it.
Universal life can have flexible premiums, and can be used as retirement or growth funds as well as life insurance.
Annuities, with both qualified and nonqualified funds, can be used to grow your retirement nest egg that you can use as an income stream when you get older, or it can be left to your beneficiary.
Whatever your goal, dream, or need, life insurance is an important part of your life and estate planning.
Ask us how we can help you.