Why Life Insurance?
Life Insurance is the most important coverage you can buy. You can replace a house, car and jewelry but you can not buy a new life. Nothing can prepare your family for your untimely death but you can at least prepare a financial plan for them. Please call or email me today to find out how. The consequences of not planning will be devastating.
Replacing Income
Your Child's Future
Leaving a Legacy
Replacing Income
One of the most difficult things to do is to think about someone you love no longer being around. Harder than that is planning on it. Though as hard as it may be, it is essential.
If you or your family’s income is vital to continue the way of life, then you need a plan to replace it. Not to just pay for funeral expenses but for their everyday life year after year.
Questions to Ask Yourself!
- Will my family be able to afford our home if I stopped working today?
- Will my children be able to stay in the same school district if we had to sell our home?
- Will my children be able to go to college if I stopped saving for their future?
- Which bill could we eliminate in a budget constraint: Health Insurance, Tutoring, Car Insurance, Retirement Plan and/or Vision & Dental. (the answer is none)
Your Child's Future
It is so much easier thinking about your child’s future and all the great things they will accomplish instead of a tragic event. Certainly I would agree and I bought my son’s life insurance policy for just that.
Commonly I hear “I don’t want to profit from the death of my child”. Trust me that’s not what these policies are designed to do. A life insurance policy for a child is a “Whole Life” style policy and matures after 20 years.
During that time the policy is gaining cash value that can can be cashed out and given as a gift at any time(college, trade school, graduation present, down payment on a house or new car etc.). Or your child can keep it past the maturity date. If your child was to be diagnosed with a disease that would cause them to be uninsurable they might want to keep the policy into adulthood. They will no longer need pay into it but will continue to gain cash value from the investment you made in the policy.
Questions to Ask Yourself!
- Should I be putting money in a savings account and/or a life insurance policy for my child’s future?
- What things would I like to be able to do for my child to get them started on the right foot?
- How much time would I need to take off of work if my child passed early?
- How will I pay for a funeral if my child passed early and would I be able to give them the goodbye I would wan to?tra
Leaving a Legacy
What legacy will you leave when you die? What stamp will you leave on this world? We all look back on our life to see what we have accomplished. Is my family going to be better off than I was growing up? Will my grandchildren live a life I never could of dreamed of. Legacy is the benchmark we set for ourselves when we step off this wonderful world.
Life insurance sets in stone the legacy you will leave for your family. It will ensure any debt you have left behind is paid, Your funeral is one to remember and you can leave an inheritance that lets your children and grandchildren build a legacy for themselves.
Whole Life policies can be written to gain cash value over time. Even if you non-renew them not to use them and able to save enough to leave a legacy through conventional financial instruments you can cash them out at any time.
Questions to Ask Yourself !
- If I died today how much debt would my family have to pay off to receive my assets.
- What assets do I have to leave for my family.
- How much money do I have saved to pay for a funeral?
- If I died would I have enough money to give everyone I care about something to remember me by or would my family have to sell my house to split up the inheritance?
and then